“It wasn’t raining when Noah built the ark, But when the rains came, those that failed to get into the ark perished.”
If you have never faced a lawsuit from your creditors, nor been in a financial crisis before, then you might think that asset protection planning is useless and meant for other people.
Life is unpredictable – you don’t know what will happen tomorrow. Protecting yourself and your family against situations that might happen unexpectedly is a crucial element of estate planning.
Asset protection is all about having the proper protection against any threat to your financial possessions. Remember that people have had wealth before, and those that protected it adequately ended up maintaining it for ages, while those that failed to protect it ended up losing it.
Your asset protection lawyer in New York can tell you that your wealth is prone to various threats such as tax claims, lawsuits, bankruptcy, and creditors.