The reality of today is that we live in a very litigious world. Significant judgments, often unwarranted, can have a devastating effect on you and your family’s livelihood. At Maguire Financial Group we believe a key element in estate or succession planning is ensuring protection of your family’s assets in the event of overwhelming creditor claims or bankruptcy.
Structuring your affairs to reduce the effectiveness of creditor attacks is an essential part of any estate or succession plan. We have extensive experience in this area and will work in tandem with legal, accounting, and other advisors in addressing this area to help ensure protection of your assets.
*Asset protection plans should be developed and implemented well before problems arise. Due to the fraudulent transfer laws, asset transfers that occur close in proximity to the filing of a law suit or bankruptcy can be interpreted by the court as a fraudulent transfer. Proper structuring of these assets is imperative. Please seek proper legal and tax advice prior to engaging in re-titling/structuring of any assets. Please note that laws are subject to change and can have an impact on your asset protection strategy.