The role of Asset Protection Lawyers

An asset protection lawyer is a professional lawyer who exclusively handles cases related to the debtor-creditor law or asset protection. Securing the valuable resources of an individual or organization is the primary purpose of asset protection. The common legalities that deals with protecting the assets of individuals or business entities from moneylenders and other liabilities is known as asset protection. The main objectives are:

  • Shielding or protecting all assets and resources from the claims of creditors or lenders
  • Ensuring that all assets, whether it is individual or business resources, are retained by their rightful owners or their heirs
  • Insulating all resources from creditors and making sure that it does not get not separated from its original legal owners due to insolvency or bankruptcy

For any assistance regarding asset protection, it’s advisable to touch base with our highly qualified team of experienced Asset Protection Lawyers in Perth.

Some common examples of assets that are protected from creditors by law are home equity, certain retirement plans and limited partnerships. The objective of asset protection serves the same purpose as bankruptcy. When a debtor has no assets or only a few assets, the bankruptcy route is adopted. Whereas, if a debtor has significant assets, asset protection is the best solution.

Capital Gains Tax or stamp obligation liabilities often make it difficult to proceed with asset protection sometimes. Therefore, it’s always better to hire the services of experienced Asset Protection Planning Lawyers who will assist you with the best possible solution in such cases.

One of the common solutions adopted for asset protection is to put one’s resources into a Discretionary Trust. According to the law, the assets of such a trust cannot be claimed by lenders or other third parties. For more details, give a call to our legal team of asset protection lawyers in Perth.

Our resourceful team of business lawyers in Perth will analyse your case in greater detail to understand all legal implications before advising you on the best way to approach it from a legal standpoint. Remember to fix an appointment with us and we will be happy to answer all your questions. You can be assured that we will also assist you with all the legal formalities in court. For more information, please get in touch with our team of legal advisers.

Request A Quote Now!