Numerous businesses and individuals engage in asset protection planning in order to prevent assets from being subject to creditors, taxes or judgments. Asset protection is an intricate field that can involves a number of specific legal areas. An experienced attorney can be vital in helping you accomplish these objectives. The Law Offices of Jeffrey S. Freeman represents businesses and individuals throughout Michigan, the United States and the world. Our lawyers have a broad understanding of federal and state tax laws, estate planning and business planning. You can depend on us to guide you to solutions to your asset protection needs.
Implementing Straightforward and Complex Asset Protection Strategies
Once we understand the specifics of your situation, our law firm can implement any number of methods to protect your assets. Employing state and federal exemptions and using lifetime gifts are two relatively simple ways to protect certain assets. We will help you explore other, potentially more complex options, such as equity stripping or establishing domestic or foreign trusts.
If you own a business, a buy-sell agreement is a necessary component of any asset protection plan. Buy-sell agreements can create certainty between business partners and provide for incapacitated or retiring business owners. Our law firm will draft and prepare a buy-sell agreement that establishes a proper value for your company and accounts for various contingencies.
Using Offshore Vehicles to Protect Your Assets
A large portion of our firm's practice involves representing businesses and individuals throughout the United States and the world in tax controversies. Our legal team has an extensive understanding of the filing requirements for offshore accounts. We fully understand that offshore accounts have garnered a negative reputation in some quarters due to IRS scrutiny. If an offshore trust or account will be useful, we will devise instruments that are transparent to the IRS while protecting your assets.
Contact the Detroit Asset Protection Attorneys at the Law Offices of Jeffrey S. Freeman
To schedule a consultation with our law firm, call 1-866-236-4TAX or contact us by e-mail.
