Asset Protection (sometimes also referred to as debtor-creditor law) refers to a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments.
Asset protection began to develop as a stand-alone area of the law in the late 1970s. It began coming into prominence in the late 1980s, with the advent and the marketing of offshore asset protection trusts. Colorado attorney Barry Engel is credited with the introduction of that concept and the development of asset protection trust law statutes in the Cook Islands.
Over the years, this new field of law enjoyed a marginal reputation, but started going mainstream in the mid-1990s. A 2003 article in the Wall Street Journal claimed that 60% of America’s millionaires have considered engaging in asset protection planning.
Asset protection planning has become recognized as an important and integral aspect of the South Florida estate planning process. We can help you use strategies to mitigate risks. There is no other South Florida law firm that can assist you better than we can.
If you need the assistance of a South Florida Asset Protection Attorney, please call us at 954-320-6940 or toll free at 866-456-5713 for a free, confidential consultation and for legal guidance.