Asset Protection Services in Atlanta

Understanding Asset Protection

Asset protection safeguards your possessions from creditors, lawsuits, and unexpected events. It involves legal strategies such as:

Trusts

Trusts separate legal ownership from beneficial enjoyment, making assets unreachable to creditors.

Business Entities

LLCs and corporations protect assets by separating personal property from business liabilities.

Strategic Transfers

Moving assets to family members or trusted individuals can remove them from your name, but certain conditions apply.

Importance of an Atlanta Asset Protection Attorney

Experienced asset protection attorneys in Atlanta can:

Assess and Analyze Assets

Review your assets, including real estate, investments, and business interests.

Tailor Protection Plans

Develop customized plans based on your individual circumstances and goals.

Handle Legal Documentation

Draft necessary legal documents, such as trust agreements, ensuring compliance with laws.

Monitor and Update

Provide ongoing monitoring and updates to your plan as circumstances change.

Types of Asset Protection Trusts

Asset Protection Trust

An irrevocable trust created to safeguard assets for the settlor’s benefit, making them inaccessible to creditors.

Medicaid Asset Protection Trust (MAPT)

A specialized irrevocable trust designed to protect assets from Medicaid estate recovery, allowing for asset transfer.

MAPT Requirements

The settlor cannot be both the trustee and the beneficiary of a MAPT.

Contact an Atlanta Asset Protection Attorney Today

Protecting your assets is essential. Contact a skilled asset protection attorney in Atlanta to discuss your needs and secure your financial future.