Asset Protection Planning
Asset protection is part of an overall wealth preservation and estate planning process that also includes investment advice, income tax planning and insurance planning. Our asset protection lawyers provide asset-protection planning in many situations, such as planning for business owners of a closely held business, asset protection planning for business executives, officers and directors, individuals in high-risk situations, professionals, and family members, including the elderly and children.
We know that business litigation creates tremendous risk and exposure to our clients. As an option to litigation, our asset protection lawyers help clients establish an Asset Protection Trust. An Asset Protection Trust allows clients to retain an interest in the trust while removing it from the reach of future creditors and can protect assets from lawsuits. Current laws in several states have permitted this type of trust, which provides for the transfer of assets to an irrevocable trust. The trust incorporates spendthrift provisions in the trust document.
We take great pride in serving our clients with our personalized, concierge approach, working closely with our clients throughout their journey to effectively address legal needs. Our skilled asset protection attorneys work as a cohesive team delivering highly effective legal strategies and solutions that are proven and practical.
Meet the Attorneys in the Private Client Services Practice at Wilchins Cosentino & Novins
Stephen N. Wilchins
Eric B. Brenman
John W. Donahue
Robert W. Meshel
Mary G. Wilson
Why WCN for Private Client Services
Right-sized. We are large enough to have the depth of expertise and knowledge, while small enough to be available, accessible and personal.
Concierge Approach. Our clients are assured of our accessibility, personal attention and skilled guidance as we seamlessly and adeptly address their legal needs.
The Latest in Law
When creating an estate plan, many clients fear one or more beneficiaries (often a child) may not make wise decisions in managing their inheritance. It is critical for a parent of a young child to model responsible financial management for the child so he or she will...
On Wednesday October 4, 2023, Massachusetts Governor Maura Healey signed into Law the Act to Improve the Commonwealth’s Competitiveness, Affordability and Equity. Included in this law was doubling the Massachusetts estate tax filing threshold from $1,000,000 to...
Attorney Stephen Wilchins is back on the Radio Entrepreneurs Family Business Association (FBA) Panel Discussion 2023: “The Family Business: Is this a family affair?” Part 3
https://youtu.be/sOeq07yZgiQ Watch part three, the final installment of Radio Entrepreneurs Family Business Association (FBA) 2023 Panel series entitled ‘The Family Business: Is this a family affair?’ Gain insight and advice from Stephen Wilchins, founding partner at...