Assets Protection
In your estate planning, simply expressing your wishes to bequeath all your assets to your beneficiaries is not enough. You also need to make sure that your hard-earned assets are protected from being taken away by strangers. It is a general misconception that once you have an estate plan you are all set. You check it off your to-do list without considering many of the risks that you or your beneficiaries may be exposed to.
Everything you do and decide in your daily life, unfortunately exposes you to many risky situations.
These risks can be personal, business, professional, or a combination and may be due to one or more of the following:
- Divorce
- Bankruptcy and Creditors
- Personal or Business Debt Obligations
- Inheritance
- Taxes
- Business Disagreements and Partner Disputes
- Changing Markets
- Sexual Harassment Claims
- Liability from Accidents or Personal Injury
- Professional Malpractice Lawsuit
- Other unforeseen events that expose you to risk and make you liable
You need to ensure you protect yourself and your beneficiaries from all these risks. These risks can be mitigated to a certain extent by taking proactive steps in your estate planning that protects your assets from outsiders.
Here are some thought-provoking questions regarding risks in your life:
- Are you getting married soon?
- Are you thinking about or in a process of divorce?
- Do you have children from a previous marriage?
- Do you have separate property or inheritances?
- Will you be signing loan documents or a lease soon?
- Do you have rental properties or employees?
- Are you an attorney, physician, or perform professional services involving risks of malpractice?
Many of these activities appears normal and you engage in them without realizing the risks involved.We, at the Law Office of Sandhya Tulshyan, can provide legal tools that can effectively protect your assets by reducing your risk exposure and its negative effect on your life.
We assist you by evaluating your personal situation and presenting the options available to you. We help you determine the appropriate level of asset protection planning for you and your family, to get the most benefits out of it and mitigate the risks you are personally involved in.
To accomplish the goal of your asset protection,there are many different strategies that can be implemented during your lifetime and for your beneficiaries when you are no longer with them. Your beneficiaries deserve to enjoy your hard-earned legacy passed onto them with the most protection you have created for them.
Do not wait for the assets to be depleted by these risks, take steps to protect them now by calling us for a consultation today. If you would like to get more information about your personal situation and determine the best strategies applicable to you, please contact us and schedule your Family Wealth Planning Session where we will analyze your situation and provide you with the best solutions available.
We are Maryland Asset Protection attorney serving Howard County and throughout Maryland. We also serve in New York and Washington DC