Asset Protection Law

ASSET PROTECTION LAW

Owning or operating a business can present a great opportunity to grow your wealth, but it is not an opportunity without risk. Like a human life, businesses can go through life cycles, as they are not impervious to failure. If personal assets and select business assets are not adequately protected, they will be fair game for creditor seizure. Because of the potential for financial misfortune, it is imperative that business owners work with an asset protection lawyer to create financial peace of mind. Jimerson Birr’s lawyers can help.

Our team provides counsel on asset protection for business owners and operators of companies in all industries and all sizes. For those considering a start-up venture, or investing in a business, the biggest risk is that problems with the company will put your personal wealth in jeopardy. To avoid finding yourself in a situation where your personal assets could be lost due to business operations or debts, prudent corporate structuring and asset protection will help prevent unwanted exposure. With proper personal and corporate planning, our asset protection lawyers can also assist in creating an exit strategy for business owners who want to maximize the chances that they’ll be able to cash in on a profitable investment in a business.

Jimerson Birr works closely with clients to strategically structure their asset ownership to maximize enjoyment of their wealth during their lifetime and to protect it against seizure. Individuals and couples who are best served by our asset protection services include, but are not limited to:

• Individuals with High Financial Worth
• People involved in occupations that carry high risk for personal liability exposure (i.e., Doctors, Attorneys, Accountants, Dentists, Design Professionals)
• Fiduciaries (i.e., Trustees, Guardians, and Personal Representatives of Estates)
• Personal guarantors
• Business owners, CEOs, CFOs, corporate officers and directors
• People facing large current or potential liability exposure
• Rapidly expanding companies
• Property owners and real estate developers
• Entrepreneurs buying or selling a business 

We provide a complete range of asset protection legal services, regularly offering counsel in areas such as: 

• Use of statutory creditor exemptions
• Choosing the right entity to minimize taxes and maximize creditor protections
• Advantages of Limited Partnerships
• Having limited liability companies own single purpose assets
• Creating a plan that protects the estate from potential claims and frivolous lawsuits
• Retirement protection planning
• Creating trusts in jurisdictions with favorable laws
• Utilizing insurance products to protect assets
• Marital property planning
• Negotiation and preparation of pre- and post-marital agreements
• Fraudulent transfer or conveyance avoidance

Our asset protection lawyers endeavor to provide you and your loved ones with a heightened sense of security and comfort. Our clients look to us to bring a distinctively high degree of quality, passion and creativity to resolve asset protection challenges effectively and cost efficiently.

We’re honored to work with some of the world’s most accomplished organizations and the leaders who drive them. We know that on any given day our clients are confronting competition, corporate advancement, risk management, process and product innovation, resource allocation, efficiency stewardship and talent oversight problems; some days all the above. When our clients place asset protection matters with us, they enlist sets of broad shoulders that carry their burdens for them so that they no longer feel their weight. This deep business partnership will give us both an opportunity to be at our best.

Asset protection is not about succumbing to the things that scare you the most. Instead, it is about empowering yourself to predict, mitigate and overcome those fears. Jimerson Birr will work with clients to implement reliable, legally defensible approaches to asset protection that will help preserve your wealth and safeguard your assets. Preparation is stronger than fear.

We draw on the strength of our character and talents to deliver the best of our firm to every client through true collaboration. We don’t confuse effort with results, and we focus on the immutable, allied goals at all times. Partnership with Jimerson Birr on asset protection matters means that you are not looking in any direction but ahead.