As a real estate attorney who has represented clients in numerous cases over a span of 28 years, I have witnessed firsthand the importance of planning and asset protection. The ideal time to consider asset protection is well before a lawsuit is filed. Planning ahead can offer significant benefits, including shielding your assets from potential creditors and potentially reducing tax liabilities, including estate taxes.

Incorporating entities such as corporations and LLCs into your asset protection strategy is highly effective. These entities can segregate and protect your assets, minimizing personal liability and enhancing financial security. By integrating asset protection into a comprehensive plan that includes estate planning, you can also address estate taxes and ensure a smooth transfer of wealth to your heirs.

Even if you haven't planned extensively, some prior planning can be invaluable. In my practice, I have seen how even some pre-lawsuit planning can lead to favorable settlements and protect clients' assets.

Consulting with a real estate attorney and a financial advisor for asset protection is important to help you navigate the complexities of the laws and estate planning, ensuring your plan is robust and compliant with current laws. By proactively addressing these issues, you can protect your wealth, and ensure a secure better financial future for yourself and your family.