Asset Protection Attorney in Monmouth County, New Jersey
Are You Looking for An Asset Protection Attorney in Central New Jersey?
Asset protection services aren’t just for the super-rich. There are numerous ways that everyday Americans can preserve their wealth. It’s impossible to effectively implement these kinds of asset protection strategies without an attorney’s help, though. If you engage in any kind of DIY asset protection, you’ll likely end up breaking finance laws without even realizing it. Don’t act alone. Instead, employ the help of a firm to help you navigate asset protection laws. In the Monmouth County, NJ area, one firm boasts more than 50 years of experience in this niche and complex area of legal practice: Karlstein Law, P.C..
Attorney Ira S. Karlstein practices estate law with a focus on wills and trusts. However, he can use that experience to help clients who need asset protection services in any of these areas:
Monmouth County, NJ
Middlesex County, NJ
Old Bridge, NJ
East Brunswick, NJ
Ocean County, NJ
Our Asset Protection Services
Asset protection is an umbrella term that covers some specific legal services. Generally, these different services all work towards the same goal: to shield assets from tax and debt collection. For example, your attorney can help you use asset protection techniques to squirrel away some of your property before a creditor is pursuing a claim against you in court. There are several ways to protect assets, including trusts, shell corporations, and other techniques. There are four factors that a party tries to obscure in asset protection cases:
Who the owner of the property is – The party hiding the property could be a business or an individual. Because of this, it’s important to understand whether the law can hold anyone else liable for a property owner’s debts.
What kind of claim the creditor is making – Are there any statutes of limitation on this claim, or is the debt secured?
Who is the creditor – Is it a private company or a government agency like the IRS? This will determine how rigorously the creditor pursues a claim.
What are the assets – Can the debtor file an exemption to maintain ownership of the assets?
Our Asset Protection Strategies
Attorney Karlstein has developed several strategies to streamline the asset protection process. He’s worked painstakingly during his 54-year career to ensure that these strategies are robust and dynamic enough to survive the crucible of real-world legal practice. Some of these techniques include:
Creating new business entities like LLCs or corporations to hold an asset’s title.
Forming a trust to administer property.
Increasing liability insurance.
Maintaining a strict separation between who owns your assets.
Reducing personal liability for a company’s finances.
Using these asset protection strategies, an attorney can effectively shield their clients from creditors. However, it’ll take an attorney to get the job done.
Consult with A Mature and Experienced
Asset Protection Law Firm
Because asset protection law is such a niche area of legal practice, you need a firm that has extensive experience in the field. That firm is Karlstein Law, P.C.. With more than five decades of experience, Karlstein Law, P.C. has the experience to help you effectively and legally obscure your assets. Attorney Karlstein has already helped hundreds of clients draft an asset protection plan to hide their property from creditors. He can also help you. If you need help, don’t wait. Call Karlstein Law, P.C. today and schedule an appointment.