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.
Exceptional Service.
Exceptional Value.
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
Partner
Eric B. Brenman
Of Counsel
John W. Donahue
Partner
Donald E. Goodwin III
Attorney
Brendan McGrory
Attorney
Robert W. Meshel
Of Counsel
Imelda Monaghan
Partner
Anthony Morgan
Attorney
Christine Morgan
Of Counsel
Merek Rubin
Partner
Marjory Selig
Attorney
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.
Channel WCN
The Latest in Law
What You Need to Know About the Massachusetts Millionaires Tax
On November 8, 2022, Massachusetts voted to amend its state constitution and authorize the “Millionaires Tax”. As a result, Massachusetts taxpayers who receive more than $1 million in taxable income in a year will be subject to an additional 4% tax on income in excess...
“Use It or Lose It”: Making the Most of Your Estate Tax Exemption
Overview On November 2, 2017, in an unprecedented gesture of fiscal generosity, Congress passed the Tax Cuts and Jobs Act and increased the federal unified gift and estate tax exemption (“federal exemption” or “exemption”) from $5.49 million to $11.18 million and...
Thinking of Establishing a Florida Residence or Domicile? Be Informed of Massachusetts Laws to Achieve Your Goals
Individuals usually choose to become Floridians to take advantage of Florida’s favorable asset protection policies or to remove themselves from income or estate tax liability in their current state of residency. To avoid taxation in the Commonwealth of Massachusetts,...
