New York Asset Protection Attorney

Dedicated Asset Protection Attorney in New York City

Asset protection law refers to the legal strategies and techniques used to protect one’s assets from creditors, lawsuits, and other potential liabilities. Asset protection planning involves taking steps to legally safeguard assets from being seized or lost in the event of a financial or legal dispute.

Asset protection can involve a variety of legal tools and techniques, including trusts, limited liability companies (LLCs), insurance policies, and more. The specific methods used to protect assets will depend on various factors, such as the type of assets involved, the nature of the potential threats, and the individual’s overall financial situation.

Asset protection planning is often employed by high-net-worth individuals, business owners, and professionals who may be at greater risk of facing legal or financial challenges. It is important to note, however, that asset protection planning must be done carefully and in compliance with applicable laws and regulations to avoid potential legal consequences such as fraudulent conveyance.