More lawsuits are filed in the United States than in the rest of world combined. Lawsuits can be filed over just about anything, even whether the coffee ordered at McDonald’s was too hot. This is why asset protection planning is one of the country’s fastest growing practice areas and why you need an asset protection plan of your own. One designed and implemented by an attorney who focuses on this complex and important area of the law.
Your asset protection plan must accomplish two main goals: protect you and/or your spouse from predators, creditors and others looking to grab a portion of your hard-earned assets while you are alive, and protect your heirs’ inheritances after you are gone. The latter can involve ensuring your children’s inheritances are safe if they get divorced—no small concern considering that half of all marriages end in divorce. Your grandchildren may need protection to make sure they receive their inheritances if your child passes away and your daughter-in-law or son-in-law remarries. Your children may even need protection from their own poor decisions if they are not yet responsible enough to manage an inheritance by themselves.
We can design and implement a plan capable of protecting your assets for your enjoyment today and that of your loved ones after you pass away. Bear in mind that asset protection planning is only effective if it is done before a lawsuit or other threat materializes. Contact our South Dakota asset protection lawyers today to schedule a complimentary consultation.