Trusted Charlottesville Attorneys Help You Achieve Your Asset Protection Goals
Decades of experience safeguarding clients’ assets through careful planning
While revocable trusts meet many estate-planning goals, they may still leave your assets vulnerable to creditors, taxes or other debts. At the Miller Law Group, P.C., we understand that protecting your hard-earned assets is an important part of estate planning. Our experienced attorneys thoroughly evaluate your needs and assess any potential threats to select the best techniques to safeguard your assets from divorce, bankruptcy or taxation.
Asset protection tools
Any estate planning arrangement that allows you to keep effective control of your assets — or make changes during your lifetime — remains vulnerable to creditors, taxes and other legal claims. The following types of asset protection products may help you protect your assets from those threats:
- Irrevocable trusts
- Placing assets in bankruptcy-exempt products (retirement accounts, real estate, insurance, and others)
- Limited liability companies
- Offshore trusts
At the Miller Law Group, P.C., our estate planning attorneys have the experience and knowledge to help you select the right trusts or other tools to protect your assets from any possible threat.
Asset protection trusts
Asset protection trusts are commonly used to safeguard assets outside the United States. These trusts, known as spendthrift trusts when used in the United States, prevent the trust beneficiary from selling or giving away his or her interest in the trust property. As a result, the property remains out of creditors’ reach because the trustee and the trust protector, the person designated to supervise the trustee’s activities, are in control of the assets. Our skilled lawyers have significant experience handling trusts of all types, including asset protection trusts.
Contact us to discuss the asset protection methods best suited for your needs
At the Miller Law Group, P.C., our estate planning attorneys can help ensure your hard-earned assets remain protected in the event of unforeseen circumstances. With more than 30 years of combined experience, our attorneys and professional staff work hard to protect what’s important to our clients in Albemarle County and surrounding counties: their assets and their families. Call us locally at 434-218-3987 or contact us online today for your FREE APPOINTMENT. Our law firm is located behind the Senior Center in Charlottesville and is handicapped-accessible. Parking is available outside the door.
Serving the communities of central Virginia, including Albemarle, Augusta, Buckingham, Charlottesville, Culpeper, Fluvanna, Greene, Louisa, Madison, Orange, Harrisonburg, Staunton and Waynesboro