Wealth Preservation Planning
Wealth preservation planning is the implementation of legal strategies that aim to facilitate the protection and preservation of ones' assets. A well-devised wealth preservation plan will often require a strategical and harmonious integration of various legal entities, techniques, and structures.
Crafting and implementing a comprehensive wealth preservation plan is as much an art as it is a science.
Asset Protection Planning
Once a frowned-upon legal practice, Asset Protection Planning has long since shed this negative connotation. Good faith asset protection planning is now generally regarded by many U.S. Courts as a prudent practice for any business or affluent individual, and rightfully so. In today's increasingly litigious society, high net worth individuals are at great risk of being hauled into court simply because they are attractive targets for predatory accusations and frivolous claims.
At Florek & Counsel, we creatively structure individualized asset protection plans that directly address our clients' needs and goals. Our team of knowledgeable attorneys utilize a wide array of protection vehicles that insulate against risk while simultaneously making assets difficult or impossible to reach by predatory creditors. Depending on the situation, a protection plan may utilize one or a combination of various asset protection vehicles, such as international and/or domestic trusts, limited liability companies, family limited partnerships, equity stripping techniques, statutory exemptions and/or off-shore accounts.
For more information on how an asset protection plan may help you protect your family or business's wealth, please contact us at Info@FlorekCounsel.com