Asset Protection

Allentown Asset Protection Attorney

Protecting Your Assets in Lehigh County & Surrounding Areas

As a client, you want to make sure that your assets are protected. You may have worked hard to build your wealth, and you want to make sure that your family is taken care of after you're gone. You may also have significant debts that you want to make sure are paid off. Whatever your situation, you have a right to protect your assets and make sure that your family is provided for. Our Allentown asset protection attorney is here to help you make sure that your assets are protected.

Call (877) 443-8598 or send us a message online to schedule your initial consultation with our Allentown asset protection lawyer.

What Is Asset Protection?

Asset protection is the legal protection of your assets from creditors. This can be done in several ways, including creating a trust, putting assets in a limited liability company, or putting assets in a corporation. Asset protection is important because it prevents creditors from taking your assets to pay off your debts. If you are sued, however, it is important to remember that you cannot hide your assets from the court. The court has the right to freeze your assets if you are being sued or if you are in bankruptcy.

Our Allentown asset protection attorney can help you set up an asset protection plan that works for you.

What Types of Assets Are Protected?

There are several types of assets that can be protected, including:

  • Personal assets, such as cash, investments, and real estate
  • Business assets, including limited liability companies and corporations
  • Retirement accounts, such as 401(k)s and IRAs
  • Personal injury settlements, such as what you receive after being hurt in a car accident
  • Life insurance policies, such as whole life policies

These are just a few examples of some of the types of assets that can be protected. The specific types of assets that can be protected will depend on your individual situation. Our Bethlehem asset protection attorney can help you figure out which assets can be protected and which ones cannot.

What Is the Difference Between a Trust and an Asset Protection Plan?

A trust is a legal agreement that is set up to protect your assets from creditors. The trust can be set up in a way that prevents creditors from taking your assets. However, if you do get sued, your assets are not protected from the court. You can also put your assets in a limited liability company or corporation. This is called an asset protection plan. This type of plan is designed to protect your assets from creditors. If you are sued, your assets are safe from the court.

What Are the Benefits of Asset Protection?

There are many benefits to creating an asset protection plan. One of the main benefits is that it can protect your assets from creditors. If you have significant debts and creditors are trying to collect on those debts, they can take a significant amount of your assets. This can leave you with nothing to pay off your debts. Asset protection can protect your assets and make sure that your creditors are paid off.

Other benefits of asset protection include:

  • Protecting your assets from lawsuits
  • Protecting your assets from creditors
  • Helping you plan for the future
  • Helping you plan for your retirement
  • Helping you plan for your children's education
  • Helping you plan for your family's future

Contact Our Allentown Asset Protection Attorneys

The first step to creating an asset protection plan is to make sure that you have a Philadelphia attorney on your side. Our Allentown asset protection attorney at Benner & Trovato Garrett R. Benner, Esq. can help you create the best plan for your situation. We can help you determine which assets can be protected and make sure that your plan is set up properly. We can also help you make sure that your plan is updated as your situation changes. If you want to make sure that your assets are protected, call our Allentown asset protection attorney today.

Call (877) 443-8598 or send us a message online to schedule your initial consultation with an asset protection lawyer near you.

Contact Garrett Benner Today

For A Free Initial Consultation

At Benner & Trovato Garrett R. Benner, Esq., we're always ready to take your calls! Give us a call or fill out the form below to contact one of our team members.

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy