Estate Planning and Asset Protection
Should you plan your estate?
At Okabe & Haushalter, we are highly skilled in all facets of criminal defense litigation. Our legal experience doesn't end here, though. Our lawyers are ready to help you settle your estate planning and asset protection matters as well. What is estate planning? Generally speaking, estate planning is an umbrella term that refers to any action you might take to secure your finances, belongings and other assets. Estate planning is important for a multitude of reasons. Do you know where your money will go when you die? If you haven't planned your estate, you money will be distributed according to state law. This means that your last wishes may not be acknowledged and our belongings may end up in the wrong hands.
Asset Protection and Your Estate
You can protect your assets from lawsuit through estate planning, too. This is called asset protection planning, and with the help of a skilled attorney you can rest assured that your money will not be subjected to lawsuits. In short, you can protect your assets from creditors by making a list of your nonexempt assets and repositioning them so that they are exempt. Exempt assets cannot be reached by creditors. If you are already facing creditors, planning to protect your assets may be difficult; that's why it is important to plan your estate and protect your assets in advance.
With the help of an attorney from our firm, you can establish a plan to determine your current net worth and how much money you will be able to collect in the future. This will help you create a fully comprehensive plan to protect your assets and disperse your belongings and finances after you die. To learn more about estate planning and asset protection, talk to a lawyer form Okabe & Haushalter today. Don't start planning after it's too late; call our office today and get a head start for a safe financial future.