Asset Protection Lawyer Palatine, IL
If you are interested in asset protection planning, you may want to reach out to our asset protection lawyer in Palatine, IL from Bott & Associates, Ltd. If you have gone through any type of estate planning, you know that one of the most important things you can do for your family is to protect them by providing for them, even after you have passed away. Deciding what happens to your assets and who controls them is imperative and you want to know that you also have legal guidance when it comes to making these important decisions.
What Happens if You Are a Business Owner?
If you own or operate your own business, you may have personal and business-related assets tied up in the company. Thus, if someone were to take legal action against you, you may find that your business is not the only thing that is being threatened. Your personal wealth could be at risk. This is why it is so important to work with a Palatine, Illinois asset protection lawyer.
What Exactly Is Asset Protection?
When you have put your blood, sweat, tears, and money into a business, you need to understand the risks that come with this. Asset protection can allow you to set up a trust that will help protect against creditors and can even protect against being drained for future expenses when you would prefer to use other money or insurance. Our attorneys can help to make sure your money goes to the right places at the right times.
When Is the Right Time to Start Working With a Lawyer?
You may be tempted to wait for something to go wrong to begin speaking with an attorney. After all, “if it isn’t broken, don’t fix it.” We understand that it can be easier to stick with the status quo. However, when things go wrong, they can go downhill quickly and you will be protecting yourself, your family, and your business from the start if you speak with an attorney now.
Work With a Team Who Cares About You!
It is important to understand that even if you are hoping to create a trust without legal guidance, this trust may not be upheld by a court if it is done incorrectly. Interested in seeing how we can help? Contact a Palatine, Illinois asset protection lawyer at Bott & Associates, Ltd. to learn more about how we can help you.