Asset protection planning can be extremely valuable for those in people-centered professions that may be at high risk for personal liability (such as physicians, attorneys and business owners), as well as those with significant personal or professional holdings.
The primary goal is to identify practical strategies to protect your assets from taxation and liability claims such as:
Dallas asset protection attorneys at Ball Morse Lowe, PLLC have a broad experience designing strategies to protect wealth. He will review your assets, the structure of your business, your business practices and risk factors, and opportunities for legal exemptions. We will then advise you on options for shielding your assets and the advantages or disadvantages of keeping your assets in your name or accruing all wealth to your business.
Tools within the protection plan may include:
Once a tool has been developed, it must be put into place and money must regularly be swept out of the business entity into the asset protection mechanism. Chris will help you set up a system to do so.
In order to maximize the effectiveness of your asset protection plan, our firm coordinates its services with your Certified Public Accountant, insurance professional and/or wealth management advisor to assure that all plans (legal and financial) are integrated to optimize tax benefits and legal protections.
To learn more, contact our estate planning lawyers to schedule a consultation.
The attorneys at Ball Morse Lowe have built a respected reputation over the decades for providing sophisticated counsel in complex oil, gas, and energy law matters, business law cases, transactions, estate planning, and family law matters. We take pride in assisting individuals and families with their legal concerns. Personable and responsive, our lawyers craft documents and develop strategies tailored to each client's unique goals and needs.
Ball Morse Lowe PLLC is committed to providing excellent service and sound solutions to our clients in a cost-effective manner. From our law firms in Norman, Oklahoma City, Edmond, Stillwater, Frisco, and Denver, our attorneys provide services throughout the Oklahoma City, DFW, and Denver Metros and in other states, including Texas, North Dakota, Ohio, Colorado, California, Wyoming, and New Mexico.