847-490-5330 |
law@rowleylaw.net |
2300 N. Barrington Road, Suite 400, Hoffman Estates, IL 60169

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Asset Protection Planning

Hoffman Estates, IL Estate Planning Law Firm


photo: Asset Protection Planning

We live in a litigious society. So, how you structure and own your assets can affect whether they can be taken away in a lawsuit. These days, many individuals and businesses, not just the rich and famous, are taking steps to avoid having their property taken away from litigation and fraudulent creditors.

These steps include the following asset protection planning techniques:

  • Taking advantage of homestead laws
  • Setting up a business such as a limited liability company, corporation or partnership
  • Utilizing qualified retirement plans
  • Setting up Domestic Asset Protection Trusts

Timing is critical to establish asset protection. The planning must be done well in advance of any lawsuit or creditor issue. If not, a judge will determine that the asset protection planning was fraudulent. Today, protecting your assets is not just for the ultra-wealthy, it is a real option for you or your business, too.

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Rowley Law

2300 N. Barrington Road, Suite 400, Hoffman Estates, IL 60169

Phone: 847-490-5330

Email: law@rowleylaw.net

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