Asset protection planning assists clients as part of their estate and business planning to protect their assets from potential creditor liability in both their professional and personal lives.
The Bowles Rice Team works with clients to structure their affairs in order to have the best chance of preserving their financial standing in the event of a future claim by third parties or even family members. We evaluate every client’s particular situation, including the assets and risks present and foreseeable and recommend a tailored solution, which may include limited liability companies, trusts and prenuptial agreements.
Moreover, we recognize the importance of input from all members of a client's financial team, including the accountants and financial advisors. We take a collaborative approach to asset protection planning by leveraging the knowledge of the client’s advisors to develop the best plan for the future.
- Taxation with Representation, June 30, 2022