Protection For Your Assets

Cary, NC | Apex, NC | Raleigh, NC | Wake Forest, NC | Holly Springs, NC

Business owners, property owners, and other professionals such as doctors, lawyers and accountants, in particular should be aware of the risk associated with their assets. Between conducting their business, practicing in their respective fields, and taking responsibility for others, there’s a chance for liabilities and lawsuits to affect your assets can happen. More and more people are using the legal system to deprive others of their life's work. Over 19 million new lawsuits are filed in the United States every year many of which are frivolous, or settled for sums greater than the actual liability.

Without a massive overhaul of our legal system, the risk and potential liability is not going to decline. In fact, it has steadily increased over the last few decades. Assets can be at risk due to a number of vulnerabilities, including:

• Professional malpractice liability
• Personal liability of corporate officers and directors
• Lawsuits by former business partners
• Personal injury suffered on your premises
• Personal injury resulting form a motor vehicle accident
• Liability as guarantor for the debts of another
• Liability arising from misconduct

The Benefits of Hiring An Estate Planning Attorney

Asset protection is not about giving in to fear but planning strategically with experience attorneys. When you are making plans for your estate, it is important to consider what you want to accomplish and how to make it happen in the most beneficial way, It is about empowering yourself in the face of it. Our firm will work with clients in the Cary, Apex, Raleigh, Wake Forest, and Holly Springs, NC areas to implement proven, legally-sound strategies that will help preserve their wealth and safeguard their assets.

Tax laws, liability and risk considerations, and other factors can make it challenging to ensure that your beneficiaries are left with as much as you can give. Our professional estate planning attorneys are familiar with laws and regulations surrounding estate planning and inheritance: he or she can help you draw up a plan that is legally binding and ensures the best possible outcome for any loved ones you leave behind.

Our firm has expertise in assisting clients to arrance their finances, real property and other assets in a manner that minimizes their exposure to potential creditors. We are well versed in establishing trusts, determining insurance needs, creating estate plans and organizing investments and business entities so that our clients are able to enjoy the highest level of confidence in terms of the security of their accumulated assets.

We represent professionals, small business owners, property owners, and other clients with the goal of protecting their assets against potential litigation, judgements, liens, and fraud. Insurance alone does not always adequately protect against all of these threats. We help clients protect their wealth using a variety of strategies including the use of special trusts, business entities and other legal arrangements. We are more than welcoming to new clients in Holly Springs, NC; Raleigh, NC and nearby areas to help plan and protect your assets.

Shielding Assets from Creditors

Our estate planning attorneys know how to evaluate current holdings and work with our clients to identify the best ways to legally protect those holdings from a variety of creditors, whether through civil suits involving negligence or malpractice.

A creditor who initiates litigation against a person who has placed their assets into a trust, a foundation, or other entity may find that there are very few collectible assets actually owned by the person they wish to sue. Assets owned by a properly structured trust, foundation, or other entity are generally not subject to claims against their beneficiaries. In addition, placing assets into an asset protection entity may have the additional benefit of removing those assets from a person's taxable estate.

Our Firm has a Solid Working Knowledge of:

• Domestic and offshore trusts;
• Domestic and offshore and domestic business entity formation;
• Exempt asset protections under state law; and
• Negotiation and preparation of pre and post-marital agreements

The exact strategies employed by our firm may vary depending on the client, the nature of the assets, the country of origin, and the tax regulations that apply to those assets. The ultimate goal is to protect the status of current assets in a manner that is effective, legal and ethical.  Chambers & Ennis offers a stellar service from our estate planning attorneys. We serve Cary, NC; Apex, NC; Wake Forest, NC; Holly Springs, NC and nearby areas.