Asset Protection Services

Asset Protection Helps You Keep What You've Worked For

Asset protection for Americans of all ages requires careful planning. Threats to your assets can come from a wide variety of sources, including future creditors, medical expenses, or unnecessary taxes. Many older people can fall victim to predatory creditors, whose sole intent is to bleed off your assets.

To implement effective asset planning, the guidance of an experienced estate planning attorney is essential. Murray Law, a reputable Indiana asset protection firm, can provide you with comprehensive strategies and answer any questions you may have. Proactive planning is key, so it's important to begin the process as soon as possible. Contact us today.

Asset Protection Can Involve Your Whole Family

Senior asset planning is often a family-oriented, multi-generational strategy that requires the involvement of your loved ones. To learn how this approach can help you, reach out to Murray Law.

Protecting Your Personal Assets

There are several core strategies you can consider to safeguard your assets before any claims or liabilities arise. While the topic is complex, some important ideas to discuss with an attorney include:

• Jointly Held Accounts: Adding children or other family members to your bank accounts may seem convenient, but it puts your money at risk. Should the joint owner face financial difficulties, your assets could be jeopardized. It's best to maintain the lowest possible balances in these accounts.
• Small Businesses: If you own a sole proprietorship or other small business, your personal assets are at risk. Transitioning to a business entity such as an LLC or corporation can shield your personal wealth from liabilities.
• Trusts: The right kind of trust can protect your assets—both business and personal—from creditor and predator claims, family matters, and long-term care costs. Trusts can be an essential component of long-term asset protection planning.

To discuss your unique asset protection needs, please contact Murray Law today.