[vc_row full_width=”stretch_row” css=”.vc_custom_1571790142166{background-color: #f6f8fb !important;}”][vc_column][vc_row_inner equal_height=”yes” content_placement=”middle”][vc_column_inner css=”.vc_custom_1568060185703{background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column_text]Asset protection is a plan and strategy that allows someone to protect themselves from claims that made be made against them should a lawsuit, tax issue, divorce, or other claim emerge against them or their assets.[/vc_column_text][insignia_section_heading title=”Why is Asset Protection Important?” subtitle=”” align=”text-left” heading_tag=”h2″ font_weight=”default” heading_color=”#003979″ subtitle_fs=”text-large” subtitle_font_weight=”font-weight-700″ subtitle_color=”#000000″ separator_color=”#003979″ css=”.vc_custom_1573744478156{margin-bottom: 35px !important;}”][vc_column_text]For people in certain fields or in certain situations, asset protection is the difference between having an estate to pass on to your family or not having one.
Additionally, asset protection, when done correctly, may allow a person over the age of 65 to receive Medicaid without having to completely draw down their assets.
[/vc_column_text][insignia_section_heading title=”Are There Assets that Don’t Need Protection?” subtitle=”” align=”text-left” heading_tag=”h2″ font_weight=”default” heading_color=”#003979″ subtitle_fs=”text-large” subtitle_font_weight=”font-weight-700″ subtitle_color=”#000000″ separator_color=”#003979″ css=”.vc_custom_1573744514115{margin-bottom: 35px !important;}”][vc_column_text]Yes, there are. For example, retirement accounts are often protected against creditors’ claims in the bankruptcy and from most judgments generally. The government wants to make sure that people can survive during retirement.[/vc_column_text][insignia_section_heading title=”Is Asset Protection Illegal?” subtitle=”” align=”text-left” heading_tag=”h2″ font_weight=”default” heading_color=”#003979″ subtitle_fs=”text-large” subtitle_font_weight=”font-weight-700″ subtitle_color=”#000000″ separator_color=”#003979″ css=”.vc_custom_1573744536124{margin-bottom: 35px !important;}”][vc_column_text]If not done correctly, asset protection can expose a person to civil, and possibly criminal liability. That’s why it is extremely important to work with professionals, such as a reputable asset protection attorney, who can help put together a strategy that is legal and sound.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space][/vc_column][/vc_row]