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Techniques for Protecting Your Assets

Asset protection tools and techniques can be used to help protect your assets from aggressive litigants (i.e., "Legal Predators"). Unfortunately, we live in a world where unscrupulous people seek out opportunities to file lawsuits. Although the North Shore of Chicago estate and asset protection attorney of Sylvester Law Firm is of the opinion that no asset protection planning is guaranteed to be 100% bullet-proof, he can assure you that there are time-tested estate planning tools that prove to be very successful at protecting your assets.

Following are asset protection tools that have been prepared and implemented by the Chicago asset protection lawyer of Sylvester Law Firm:

  • Domestic Asset Protection Trust
  • Foreign Asset Protection Trust
  • Family Limited Partnership
  • Limited Liability Company
  • Series Limited Liability Company
  • Corporation
  • Pre-marital Agreement / Domestic Partnership Agreement
  • Discretionary Spendthrift Trust
  • Qualified Terminal Interest Property Trust
  • Professional Liability Insurance
  • Umbrella Insurance
  • Disability Insurance
  • Health Insurance
  • Long-term Care Insurance
  • Life Insurance
  • Directors and Officers Liability Insurance
  • Retirement Account Planning

At minimum, we recommend that most families have a personal liability umbrella insurance policy.

Asset Protection Planning is complex. You should only work with a north suburban Chicago asset protection attorney who has a dedicated focus on planning for the protection of assets. The Chicago estate planning lawyer of Sylvester Law Firm has such a dedicated focus. Call us today at (847) 251-2999 to discuss how we can help you achieve asset protection.

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