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GOING WITH REGINA WAS THE BEST DECISION I EVER MADE

As another year passes by, you take some time to reflect on your life. You have a wonderful family, and you and your spouse are satisfied with your jobs and social lives. Over time, you and your spouse have amassed a large amount of wealth. Due to your financial stability, you feel secure. However, life is unpredictable, and your assets could be at risk without proper planning and protection. For example, maybe you are going through a divorce, and your spouse is trying to claim your assets, whether your wealth or property. Without the proper protection, you may relinquish parts of your hard-earned assets. So if you want to protect your funds, consider working with an attorney to create asset protection strategies.

Atlanta asset protection attorneys will devise an asset protection plan to help secure your wealth. They will create a plan that is specific to your circumstances. Through asset protection, you can rest easy knowing that you have financial protection from creditors and lawsuits. At Edwards Family Law & Estate Planning, we understand that your assets and, more importantly, your family must be protected. That is why working with a reliable attorney is beneficial to start asset protection planning.

Contact an Atlanta asset protection attorney from Edwards Family Law to schedule your consultation.

What is Asset Protection?

Asset protection is the process of securing your assets through various financial strategies. A lawyer can help you with proper asset protection planning. They will find legal ways to protect your wealth against divorce, creditors, bankruptcy, lawsuits, and more. If you have creditors filing a claim against you, a common asset protection strategy is to put your assets in a trust so that you do not legally own the funds. Therefore, the creditors cannot claim your wealth. It is best to start asset protection sooner rather than later. Starting earlier provides more security to your wealth. It might be too late to protect your assets if you wait until you face legal issues. Asset protection is complex and time-consuming—contact an Atlanta asset protection lawyer to get started.

Asset Protection and Trusts

Since a common asset protection strategy is to move your funds into a trust, it is essential to know what a trust is. A trust is a fiduciary relationship between three parties: a grantor, a trustee, and a beneficiary. The grantor is the person who creates the trust and defines the conditions of the trust. Meanwhile, the trustee is the person who owns and distributes the trust funds once the trust is established. Finally, the beneficiary is the person who receives the trust funds. There are two common types of trusts: a revocable trust and an irrevocable trust. A revocable trust can be changed or revised at any time, while an irrevocable cannot be changed. Both types of trusts have advantages and disadvantages; however, an irrevocable trust may be more beneficial regarding asset protection. Since a revocable trust can be changed, it leaves you, the grantor, some power over the trust. This means that creditors can claim your trust funds if they have a judgment against you. An irrevocable trust revokes your control over the trust, meaning that you no longer own the trust. Therefore, creditors or your spouse cannot claim your trust funds.

Why Do You Need an Asset Protection Lawyer?

While you are not legally required to hire an asset protection lawyer, it is advisable to do so. They understand asset protection laws and regulations, so they will ensure that you protect your funds appropriately. Additionally, an attorney can help you look into the future and create asset protection strategies to keep your funds safe, avoiding estate taxes, probate, and potential litigation. Asset protection can be complicated, so working with an experienced and trustworthy attorney is crucial. Edwards Family Law & Estate Planning is here to help you protect your assets. We are passionate about our client’s successes and have the tools and resources to help you. If you own a business entity (limited liability companies, sole proprietorships or corporations, etc.), our Atlanta asset protection attorneys can help ensure your business thrives for years to come.

Contact our law firm today if you are interested in asset protection.

CLARITY TODAY

cutting through confusion and providing clarity

Do I need a Family Lawyer?

Each case is different, but we can share what clients typically struggle with when they make their initial calls to us:

  • My Spouse Wants a Divorce
  • My Marriage Has Fallen Apart And Cannot Be Fixed
  • I Am Expecting a Child Out Of Wedlock
  • I Have Fallen Behind on Child Support Due to Unemployment or salary reduction
  • My Circumstances Have Changed Drastically And Think A Change Of Custody Is Warranted
  • My Ex Announced They Want to Move Away and Take Our Child

How much will my Divorce or Child Custody matter cost me?

The financial aspect of family law matters can be terrifying because it has been historically known as a black hole of billing with retainers and hourly charges for things like emails and texts. Peel back further uncertainty by Estimating Your Legal Fees.

Flat Fees - No Funny Stuff

While other firms might tell you “there is no way to predict the total cost of a divorce,” we can tell you with certainty that those smoke and mirrors will not be a part of your care at Edwards Family Law. We provide value with a high degree of peace of mind through conscientious costs for our care. Learn more about our Flat Fee Family Law and Estate Planning Services.

Fearful of being bogged down in legal fees?

Heard the horror stories about being sucked in with low retainers only to be hit with hidden incremental hourly changes?

We Have The Right Solutions For The Next Chapter of Your Life

THE 10 COMMANDMENTS OF EDWARDS FAMILY LAW

At Edwards Family Law, we understand that your life, family, livelihood and legacy are important to you. They are important to us as well. We are committed to doing everything possible to make sure your identity is respected and that your dignity is preserved at all times throughout the process.

The law prohibits us from guaranteeing the outcome of your case. But, it does not prohibit us from guaranteeing the service you receive. We promise to provide you with the very best in customer service and client relations. We have codified our commitment in our Ten Commandments. If, at any time during your case, we fail to deliver on any of our Ten Commandments, please let us know. We will apologize for our mistake and do what is necessary to fix the problem.

What You Can Expect From Your Experience With Edwards Family Law

  • 1
    What You Can Expect From Your Experience With Edwards Family Law
  • 2
    Clients are not an interruption of our work. They are the purpose of it.
  • 3
    Clients will not be charged for calls to their attorney. Each client shall receive aggressive representation combined with incomparable guidance and counsel.
  • 4
    Our clients will receive the most courteous and attentive treatment we can give them.
  • 5
    Each client will have their telephone call returned within one business day.
  • 6
    All of our attorneys shall practice exclusively family law and domestic relations.
  • 7
    Our clients are not just a name on a file. We will present each client with an honest assessment of all options that can provide them the best chance of success.
  • 8
    Our firm will attend all conferences and Continuing Learning Education Seminars that relate to the practice of Family Law, to ensure that we have access to the most current case law that can affect the lives of you and your family.
  • 9
    Our firm will employ the latest technology for use in your case, to include a secure server where the client’s entire paper file is scanned and posted to the server for immediate retrieval by the client.
  • 10
    Clients are people who bring us their wants. It is our job to meet those wants.

Frequently Asked Questions

What is a judgment?

A judgment is a ruling from a lawsuit in court. For example, a creditor may file a debt collection lawsuit against you. The judge may award the claimant a judgment depending on how the case goes. The judgment forces you to pay the creditor. Your attorney can develop asset protection strategies to fight against judgments.

When should I start asset protection planning?

You can start asset protection planning at any time. It is never too early to begin this process. If you have any wealth you wish to protect, you should consider asset protection. If you are already facing legal trouble, starting asset protection planning may be too late. You can always consult with a lawyer to learn about your options.

Can asset protection reduce or discourage lawsuits?

While asset protection strategies do not fully guarantee financial security, they can significantly discourage lawsuits. If a debt collector or, in case of a divorce, your spouse sees that they do not have access to your funds, they may reconsider suing you.

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