Protecting your wealth can be as difficult as accumulating your wealth. Everyone should, at minimum, have a basic estate plan. Such a plan would include a living trust, durable power of attorney, will and health care directive. But many individuals often have more complicated finances that require advanced plans that may include family limited partnerships, charitable trusts and asset protection plans. We can help you implement the appropriate plan to fit to your specific needs.
Missouri Asset Protection Laws
Missouri has some of the most favorable asset protection laws in the country. Asset protection under Missouri law could mean anything from simply titling your assets in a certain way (holding assets as Tenants by the Entirety provides some asset protection for married couples), to setting up an Asset Protection Trust that complies with Missouri statutes regulating Spendthrift and Discretionary Trusts.
Physician Asset Protection and Asset Protection for High Risk Professionals
If you are a physician or someone in a profession with a high risk of lawsuits, then the Larson Law Firm can help. Our strategic network of relationships with financial advisors and insurance professionals (after all, asset protection starts with good malpractice coverage) enables us to put you in the best possible position from an asset protection standpoint.
Through the use of Asset Protection Trusts, proper titling of your assets, adequate insurance coverage as well as retirement planning, it may be possible to achieve total asset protection.
How Do I Protect My Assets?
No one can predict the future. But good asset management and protection enables present peace of mind and future stability when unforeseen circumstances strike. Contact the Larson Law Firm today and we will go through your asset, family, and professional situation to set up the right plan for your circumstances.
Here is a link to an excellent article in Forbes on Asset Protection Planning: Click Here