Naples Asset Protection Attorney

One misconception is that only the wealthy need asset protection. To the contrary, anyone could benefit from employing some common asset protection techniques. When handled properly, asset protection preserves the value of your savings and investments, putting them beyond the reach of creditors. You can rest assured that, if you are sued, you won’t be fleeced by the judgment creditor.

Call Ronald Cutler, P.A., if you have questions or just want more information. The best time to begin asset protection is right now. A Naples asset protection attorney at our firm is ready to get to work for you.

Misconceptions about Asset Protection

Few people really understand asset protection or what it accomplishes. Let’s look at some myths:

1. Asset protection uses illegal offshore accounts to hide money. That’s not remotely true. We use legal asset protection techniques, such as purchasing umbrella insurance to protect you in the event you are sued. We can also move ownership of certain assets to a trust, corporation, or limited liability company. These actions usually put the assets beyond the reach of creditors.
2. Asset protection is expensive. That’s another myth. Asset protection should not break the bank. Almost anyone can protect their assets by hiring our law firm at a reasonable price. Starting a corporation or LLC also isn’t very expensive.
3. Florida’s homestead exemption will protect my property. The exemption can protect your homestead from a forced sale. That’s an excellent benefit of living in Florida. But other real estate is not protected, and you could lose control if a creditor puts a lien on these other properties. The homestead exemption is only a start point for protecting your assets.
4. Asset protection is ineffective. Asset protection won’t keep you from being sued. For example, you might get into a car accident. If you’re at fault, the injured victim can name you as the defendant in a lawsuit. But asset protection techniques will limit the ability of the injured victim to reach certain assets, like investments or cash in the bank. As an example, your umbrella policy might kick in to pay a fair settlement, thus protecting your other assets.
5. A nonattorney can provide asset protection services. Maybe. But a attorney can ensure you use only legal techniques. That protects you from governmental investigations. A attorney also understands what trusts to create to protect assets, whereas a non-attorney does not.

Asset protection can preserve cash, savings, stocks, bonds, and property from collection activity.

Curious? Call Naples Asset Protection Attorney Ronald Cutler, P.A. With Questions

We are always eager to discuss asset protection with members of the public. You worked hard to create a legacy for your family. Don’t jeopardize it by leaving assets exposed to potential creditors. One misstep could result in an expensive lawsuit. A Naples asset protection attorney at our firm can provide more information about asset protection in Florida, as well as help you understand the risks you face. To find out more, call us today to schedule a consultation.