You have worked hard for your wealth, property, and accounts, which is why protecting your real and personal property is important. Having an asset protecting strategy in place from anyone who may make a claim against it can help protect you and your heirs from creditors, as is common during bankruptcy, or the government, such as when you face high taxes.
At Rieser & Marx, our team is well-versed in the reliable and legitimate means to protect the assets of ours clients and client businesses. We don't offer "cookie-cutter" solutions when it comes to asset protection—we listen to our clients, assess their assets, and take comprehensive steps to provide them peace of mind for years to come.
Ready to start reviewing your asset protection options? Call our knowledgeable team at (937) 224-4128 today.
Asset protecting is not just for the wealthy. In fact, any family at any income level can benefit from the attention of a Dayton attorney at Rieser & Marx. For example, homestead exemptions can help a family protect over $260,000, or $130,000 per person, in your home’s equity, no matter what your total current annual income. In Florida, the exemption is much greater, and subject to land size restrictions, can be in an unlimited amount.
While every situation is unique, finding a creative solution that protects your best interests is important. Our lawyers can guide you through multiple issues, including:
In addition, we are well-versed in the laws and regulations of both Ohio and Florida to help part-or full-time residents of both states. It is also important to understand that asset protection is not to be utilized to hide assets from the IRS or the U.S. Government—rather, it is to protect assets from parties who may seek them via unsavory means, such as less-than-reputable creditors and others, who, even if they have claims, must still assert those legally. For you, this means structuring your ownership of assets so as to maximize your exemptions (ie, laws that put certain property off-limits of most creditors) using the full panoply of federal and state law protections offered by law for you and your family.
Asset protection, like the purchase of insurance, is essentially risk management, and, given the amount of assets you can protect legally, it is fairly cheap insurance at that. One of the saddest things in our practice is a person who comes to us too late – after trying to settle a case, or compromise a debt, or an otherwise financially fit client who has an unexpected business reversal, job loss, or lawsuit that places much or all of what they own and have worked for at risk, (including even an inheritance) by not understanding and proactively arranging their financial holdings and assets to provide maximum protection, and then needlessly expose or lose those assets when the unexpected happens or catastrophe hits. Don’t let this happen to you and your family and business.
Call us today for an asset protection evaluation. You’ll be glad you did.