Asset Protection Planning 

A client’s estate plan must include a consideration of the means of protecting his or her assets from the claims of creditors. In today’s litigious society, business owners face lawsuits from a variety of sources, including product liability claims, employment related lawsuits, environmental issues and intellectual property infringement. Medical professionals must constantly practice with the threat of malpractice suits. Corporate executives face shareholder suits and claims of breach of fiduciary duties. The threat of divorce must be considered in any family with in-laws. In order to advise their clients, lawyers must have expertise in corporate law, property law, tax law, debtor-creditor law as well as a thorough knowledge of estate and trust law. The ownership of assets, the structure of business entities, the availability of insurance and the extent of contractual agreements all affect the ability to shield assets from claims. The lawyers at Cavitch bring their combined knowledge to work as a team in structuring a plan which will suit the unique assets and situations of each individual client.