Chapel Hill Asset Protection Attorney – Choosing the Best
An asset protection attorney is an attorney with expertise in assisting clients find creative legal ways to guard their assets when facing creditor harassment, lawsuits, debtor claims, or any other financial losses. Such experience enables the attorneys to share the pros and cons of various asset protection tools with their customers, which helps them develop a sound plan for the client’s benefit. The most common assets protected by such attorneys are real estate, retirement funds, personal property, automobiles, jewelry, and art collections. There are special attorneys who handle such cases exclusively, while there are others who work within the confines of large law firms. If you wish to learn more about this, visit Thomas-Walters, PLLC – Chapel Hill Asset Protection Attorney
One of the main roles of the asset protection attorney is to assist their clients in developing an overall strategy for protecting their valuables from creditors. They advise their clients on how best to avert or delay creditors in claiming their claims on their properties, whether through court proceedings, negotiations with the creditors, or through non-judicial methods such as prepaid card counseling. For many people, protecting their investments through estate planning strategies may prove to be a prudent move, especially when married couples have small children or are involved in any complicated financial transactions. In cases where family wealth is substantial, consulting a qualified professional can help make sense of the complicated questions there are about how to avoid lawsuits or how to protect the money already accumulated. For others, simply knowing what the best strategy is to follow in protecting valuables may prove to be enough to forestall any potential problems with creditor and/or government action.
In recent years, the number of asset protection attorney practices has grown at a rapid pace, even doubling in some areas in a relatively short period of time. This growth has been fueled, in part, by the increasing number of cases arising due to the recent economic recession, the rising number of divorced families, and the increasing amount of money and assets lost as a result of prolonged lawsuits and default judgments. Because so many people are now dealing with the fallout from the recent housing boom and the related bankruptcy and credit crisis, the number of cases stemming from these problems is also growing. Because of this, it is likely that the number of attorney practices dedicated to personal estate planning will continue to grow, as well, to provide necessary assistance to those individuals and families whose assets are under threat.