|
|
|
|
|
ASSET PROTECTION
Asset protection planning involves evaluating and
applying a lawful series of techniques that protect
your assets from claims of future creditors.
The techniques are designed to deter potential
creditors from going after specific assets—and
frustrating creditors should they try—generally by
making it difficult (or impossible) for future
creditors to grab hold of your assets or collect
judgments against you.
In cases where significant sums are involved,
asset protection planning often includes setting
up a series of trusts, partnerships and/or off-shore
entities to hold legal title to your assets. A future
creditor who recognizes how difficult it would be
to collect on any judgment it may win, might decide
it makes little sense to pursue a claim, or be willing
to settle for pennies on the dollar. |
| There is a very sharp dividing line between “legal” asset protection planning on the one hand, and
actions to defraud creditors, which are criminal, on the other. For that reason it is essential to have
a CPA professional guide you through the process. Jim Oliver & Associates has significant
experience in providing the tax accounting for these asset protection strategies. If you need a
referral for an attorney or just want to know how these strategies might be advisable in your
situation, contact Team Oliver for a complimentary consultation.
| |
|
Financial Life Advisors (FLA), a Registered Investment Adviser, and Jim Oliver & Associates, P.C. (JOA) are under common ownership and control. Team Oliver is used to describe collaborative services of both firms. Professional tax services are provided by JOA and investment advisory services are provided by FLA, each under separate agreements.
| |
|
|
Sign up here to schedule a
COMPLIMENTARY
consultation with a member
of Team Oliver.
Please bring a copy of last
year's income tax return.
|
|
|
