Our asset protection services include:
Business Formations (LLC)
An LLC is a flexible business structure that provides you with personal liability protection by separating personal and business assets. It is a popular choice for small business owners and entrepreneurs because it provides personal liability protection that protects your hard-earned money and reduces risks.
Other benefits include:
- Potential Tax Advantages
- Flexible Management Options
- Easier Transfer of Ownership
Family Limited Partnership (FLP)
A Family Limited Partnership (FLP) is a business entity that allows your family members to pool their assets together for management and control while reducing estate and gift taxes.
It creates the flexibility to pass wealth between generations, allowing senior family members to maintain centralized control while younger family members are given limited partnership interests.
Irrevocable
Trust
An Irrevocable Trust allows you to transfer ownership of assets to a trust, therefore removing them from your personal estate. In doing so, you permanently relinquish control over the assets. This type of trust cannot be altered or dissolved without the consent of the beneficiaries.
Benefits for creating an Irrevocable Trust include:
- Reduction of Estate Taxes
- Asset Protection from Creditors and Legal Judgments
- Eligibility for certain government benefits like Medicaid