It is no secret that the country is among the most litigious societies on earth. Most of these lawsuits are necessarily consequential to the conventional legal system that is essentially directed towards correcting the numerous wrongs occurring in our society daily. However, on the flip side there are many lawsuits that are essentially based on malicious attempts by the suing party to generate a financial windfall for the defendant. Asset Protection Service Las Vegas NV is designed to assist in combating this legally facilitated extortion; it is a legal technique that protects your assets from judgment.
The concept of asset protection is coined from the legal principle that allows any assets that are held in your name, save for a few exceptions, to be seized by a judgment creditor. On the other hand, any asset that is not held in your name will be exempted from seizure.
While many people will attempt to develop their own asset protection plans by relying on such materials that are purchased off the internet, they are often confronted by a myriad of issued and problems that have to be resolved before implementing an asset protection structure. It is therefore essential that you contract Asset Protection Service Las Vegas NV. To know more click here.
Such issues and problems include, attracting an expensive judicial determination by attempting to protect your entire assets. If you are unwilling to seek competent advice on the type of assets that can be protected, you may attract heavy fines since an attempt to protect some assets constitutes fraudulent conveyance. Besides, when you purchase materials off the internet, you will not be protected by attorney-client confidentiality.
Contrary to the prevailing misconception, asset protection does not involve hiding your assets from your creditors and the government. It essentially involves transferring the assets from your personal name to an entity that you control. Indeed, a properly designed Asset Protection Service Las Vegas NV will help you to disclose what assets you control without sacrificing the protection. Setting up a corporation doesn’t necessarily mean that you are hiding your assets and evading paying taxes.
If you require additional information pertaining to the correct manner of protecting yourself, contact the offices of Grant Morris Dodds. They have knowledgeable staff that will legally assist you in achieving your financial and personal goals.
