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
Robert W. Meshel
Beth E. Warach
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
Attorney Stephen Wilchins participates in the final episode of the recent Radio Entrepreneurs FBA Panel Discussion – Winter 2021 Edition – Part Three: “Trusts & Selling Your Business”
https://youtu.be/HifZSlh52NA In the final episode of the Radio Entrepreneurs FBA Panel Discussion, WCN attorney Stephen Wilchins participates on the panel wrapping up the discussion on the subjects of trusts that own and operate a family business and when it is the...
Attorney Stephen Wilchins is back in the recent Radio Entrepreneurs FBA Panel Discussion – Winter 2021 Edition – Part Two: “Trusts & Selling Your Business”
https://youtu.be/NIaRStpflK8 In the second installment of the Radio Entrepreneurs FBA Panel Discussion, WCN attorney Stephen Wilchins continues with the panel discussing the subjects of family trusts that include a business and when it is the right time to sell that...
Parents who have saved and invested prudently for many years often expect to be able to leave their adult children a substantial inheritance. They hope this will fund their children’s retirement savings, grandchildren’s college tuition, or other goal of...