Protecting your family and your inheritance
Asset Protection - If a loved one dies within 180 days of when you file your bankruptcy petition and you stand to inherit property or are a beneficiary on a life insurance policy, then the property you inherit becomes part of your bankruptcy estate and will be liquidated and paid to your creditors. This time period extends past the date when you receive your discharge.
If the mere potential exists for you to inherit property, then it is prudent for your family members to do some estate planning before you file your bankruptcy petition. We can help your family protect their assets from being seized and liquidated by the Trustee or creditors.
Every estate plan is unique. There is no single approach that will accomodate every person's needs. We will look at the particular circumstances and develop a specially tailored plan to address each client's goals and desires. Particular focus is placed upon the preservation of assets.
We can also help clients with all of the following:
- Asset protection
- Business succession planning
- Powers of Attorney