Asset protection is the legal process of protecting your assets from the claims of creditors. Although it is often treated as a separate area of law, many aspects of this should be incorporated into other practice areas. For example, the Venn diagram of estate planning and asset protection has substantial overlap. This should be obvious […]
How Do Trusts Protect Your Legacy
There are many ways to leave a legacy. Trusts are only a small part of what you can do to preserve the one you’ve created. In this article, we’re going to explore what they do and what they don’t do. We should start by acknowledging that trusts are not for everyone. They’re honestly not for […]
Business Trust
A Business Trust may be something that could benefit you. However, in most circumstances, you’d be better off without it. Read through our blog to see if it is something you can use versus something the internet says you need. The last thing we want to do is sell you something that you don’t need […]
Introduction to Asset Protection
What is Asset Protection? It is the process of legally safeguarding your assets from future creditors. Put more generally, you’re protecting your future from risks you haven’t encountered yet. Asset Protection Rules You can’t do much to protect from a creditor you already know of. Hiding your assets is never the solution. Nothing is guaranteed […]
North Carolina Exempt Property from Claims of Creditors
Property in North Carolina Safe From Creditors Disclaimer: All numbers and exemptions were accurate in 2013 when this article was written. In North Carolina, and every state, there are particular assets that the government has protected from creditors who are attempting to collect on a debt or through bankruptcy. These are called exempt property. There […]