Forsyth County, GA Asset Protection Attorney Saving Clients Money and Protecting Their Wealth
While we recognize that money doesn’t buy happiness or more time with your loved ones, it is still important to take care of the wealth you worked so hard to earn. Proper estate planning and having a lawyer on your side can make all the difference in case of a crisis, such as an emergency admission into a nursing home. In all of these cases, you need an attorney who understands Georgia elder law and can stand by you, helping you preserve your wealth.
Many people think that asset protection is about avoiding the IRS and creditors, which is simply not the case. A skilled asset protection attorney operates within legal bounds to develop a strategy that satisfies the family’s debts to the government and creditors yet maximizes the amount of money kept safe from these payments. It is never too early to seek asset protection planning, as funds can quickly be used up during emergency situations if a plan is not in place. At Bascom Law, P.C., we care about your loved ones and will guide you through this complex process, making difficult decisions that much easier for you. Please contact us today for a consultation at 770-285-5493.
Why Do I Need an Asset Protection Plan?
You have worked hard your whole life to get where you are now, but those assets could threaten the wealth of your entire estate if they are not appropriately protected. An asset protection plan can make all the difference. As you work with our knowledgeable asset protection lawyer Mike Bascom, you will find that his understanding of Georgia law gives you the edge you need to protect your estate from predators, taxes, and other threats to your wealth.
Certain assets, such as real estate and businesses, create another layer of danger as lawsuits brought against you could wipe out the wealth you have attained. Our talented legal team can help craft a plan for you, including how you own these properties that give you protection from lawsuits. Even selecting beneficiaries can be done in such a way as to better protect your wealth. Please take advantage of Mike Bascom’s knowledge and experience by recruiting us to your estate planning team today.
What Threats can Reduce My Wealth?
While many people focus only on casualty loss, such as theft, fire, and flooding, these types of damage to your assets are the most straightforward problems to solve. You can quickly and simply obtain insurance to guard against such dangers. However, the actual threats to your wealth come from a variety of sources. Some of these are:
- Loss of Income due to injury or illness
- Emergency admission to a Nursing home
These items can devastate your hard-earned wealth, destroying years’ worth of work, saving, investing, and planning. It can also be emotionally traumatizing to suffer these losses. But it doesn’t have to be this way. You can give yourself the peace of mind you deserve by putting a plan into place to protect your assets today. Reach out to Bascom Law, P.C. for a consultation to see how we can help you.
What Can Asset Protection Do for Me?
An asset protection plan can be useful for our clients in several ways. One is to help people own their properties in ways that legally protect their wealth from lawsuits and predators. For example, real estate such as rental properties could be placed into an LLC, meaning should a tenant sue, they could only go after the value of that property rather than your entire estate.
Another way we protect your wealth is to advise you on setting up your estate plan so your heirs receive the funds they need without undue taxation or overpayment to creditors. There are legal ways to do this that skilled asset protection lawyers will understand and employ. One strategy is to take advantage of all the legal exemptions possible. Mike Bascom takes the time to listen to his clients and ascertain their situation and priorities to come up with creative solutions that follow the law while maintaining the most wealth possible for the family. Give us a call today for a consultation to discuss the details of your asset protection needs.
Should You Hire Our Asset Protection Lawyer?
If you are considering an estate plan, you are already one step ahead of many people who choose not to prepare adequately for the future. We help our clients understand that simple steps taken now can save them money and heartache in the future. One way of doing this is by implementing an asset protection plan that fits their needs depending on what assets they own. Whether your estate comprises real estate, business ownership, other investments, or a combination of all of the above, attorney Mike Bascom can help you.
We take pride in listening compassionately to our client’s needs, getting to know them, and developing creative solutions that match their needs and wishes. When you come to Bascom Law, P.C., you will get the attention and care you deserve. We will explain your legal options when it comes to asset protection in terms, you can understand so you can make the best possible decision for you and your family. Please don’t take the risk of losing the precious assets you worked so hard to attain during your life. Let us help you plan now, so you have the peace of mind that your wealth will be protected for generations to come. Reach out to us today by calling 770-285-5493 to schedule a consultation and find out what we can do for you.