Asset Protection Services for the Wise
Understanding Asset Protection in Denver
Asset protection shields your valuable belongings from potential creditors, lawsuits, and unforeseen events. Legal strategies such as:
Trusts
Protect assets by separating legal ownership from enjoyment, making them inaccessible to creditors.
Business Entities
Forming LLCs/Corporations safeguards assets by separating personal property from business responsibilities.
Strategic Transfers
Transferring assets to family or trusted individuals can remove them from your name, but conditions apply.
The Value of an Asset Protection Attorney in Denver
An experienced Denver asset protection attorney provides:
- Asset Assessment: Thorough review of your real estate, investments, and business interests.
- Customized Strategies: Tailored plans based on your unique circumstances and objectives.
- Legal Documentation: Preparation of trust agreements and business formation documents, ensuring compliance with laws.
- Ongoing Monitoring: Regular updates and adjustments to your plan to address changing situations.
Types of Asset Protection Trusts
Asset Protection Trust
An irrevocable trust that shields assets for the settlor’s benefit, protecting them from creditors.
Medicaid Asset Protection Trust (MAPT)
A specialized trust designed to protect assets from Medicaid estate recovery, enabling asset transfer and initiating the five-year lookback period for eligibility.
Note: The settlor cannot be both the trustee and beneficiary of a MAPT.
Secure Your Financial Future
Contact a knowledgeable asset protection attorney in Denver to discuss your needs and safeguard your assets. Protect your wealth and peace of mind for the years to come.
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