Professional Asset Protection Services in Bismarck

Secure your valuable assets from potential creditors, lawsuits, and unforeseen circumstances with our comprehensive asset protection services.

Asset Protection Strategies

1. Trusts: Separate legal ownership from beneficial enjoyment, shielding assets from creditors.
2. Business Entities: Protect assets by isolating personal property from business liabilities through LLCs and corporations.
3. Strategic Transfers: Transfer assets to family or trusted individuals under certain conditions to remove them from your name.

The Value of an Asset Protection Attorney

Expert guidance is essential for effective asset protection. Our erfahren Bismarck asset protection attorneys provide:

1. Asset Assessment and Analysis: Thoroughly review your real estate, investments, and business interests.
2. Customized Strategies: Tailor protection plans based on your individual circumstances and goals.
3. Legal Documentation: Draft necessary trusts and business formation documents, ensuring compliance.
4. Ongoing Monitoring: Monitor and update your plan as laws and threats evolve.

Types of Asset Protection Trusts

Various trusts offer asset protection, including:

Asset Protection Trusts

Irrevocable trusts designed to safeguard assets for the settlor’s benefit. Creditors cannot access assets due to relinquished ownership.

Medicaid Asset Protection Trusts (MAPTs)

Specialized irrevocable trusts to protect assets from Medicaid estate recovery. Allow for asset transfer and initiate the five-year lookback period for Medicaid eligibility.

Note: Settlor cannot be both trustee and beneficiary of a MAPT.

Safeguarding Your Assets

Protect your financial future by contacting our skilled asset protection attorneys. We will guide you through the complex legal landscape, ensuring your assets remain secure.