How Do Cincinnati Asset Protection Lawyers Help You Decide What Assets are at Risk?
Cincinnati asset protection lawyers at Zimmer Law Firm can provide personalized help and advice as you take steps to keep your money and property safe and secure. There are many possible risks to your wealth as you get older, and you need to work with an experienced attorney to understand what property is in jeopardy and what you can do to try to protect the wealth that you have worked so hard to acquire.
To find out more about how Zimmer Law Firm can help you to protect your assets so your wealth can provide you with financial security and so your money and property can serve as your legacy, give us a call today.
How Do Cincinnati Asset Protection Lawyers Help You Decide What Assets to Protect?
Cincinnati asset protection lawyers at Zimmer Law Firm can work closely with you to identify which assets are at risk of being lost. Some of the steps an attorney can take to help you include:
- Inventorying the wealth that you own: You will need to know what specific assets that you want to try to protect. For example, many people are concerned about keeping their home, and avoiding having to spend the money that they have in their bank accounts or retirement accounts. You need to let your attorney know what kinds of assets you have, because there will be a different asset protection process that you need to use if your primary assets involve ownership interests in a business versus if your wealth is in retirement accounts or is tied up in your primary home.
- Identifying the biggest risks to your wealth: This will also impact the steps that you need to take to protect your assets as the risks you face will help to determine how you should mitigate them. For example, if the biggest risk to your wealth is the possibility that you will need to move to a nursing home and have to pay for costs privately, then the goal will likely be to make a Medicaid asset protection trust. But, if you are concerned that business debt or a judgement against a business you own could put your personal wealth at risk, then the right step to take may involve incorporating your business in order to give the company a separate legal identity distinct from you.
- Determining what asset protection tools you should use: After your attorney has helped you to determine what assets could potentially be at risk, your attorney can help you to take the necessary precautions and to make use of the right tools to ensure that those assets are as protected as possible.
There may also be other specific steps that need to be taken, depending upon the specifics of your situation. This is why it is so important to reach out to an experienced attorney to get an asset protection plan in place before something happens that makes you vulnerable to loss.
Getting Help from Cincinnati Asset Protection Lawyers
Cincinnati asset protection lawyers at Zimmer Law Firm can provide the help and support that you need to identify the risks to your wealth and to make the most effective use of legal tools possible to minimize and mitigate the risks. We can work closely with you to evaluate your personal situation and to ensure that the money and property you have worked to acquire is as protected and safe as possible.
To find out more about how our firm can help you with the asset protection process, join us for a free seminar. You can also give us a call at 513-721-1513 to get personalized help and support getting your asset protection plans in place.