Jacob Stein specializes in structuring the ownership of your assets to make it difficult, or even impossible, for others to take them away. Creditors, plaintiffs, unhappy business partners, state and federal agencies - all can threaten those assets. Our asset protection planning can reduce, or even eliminate, those threats long before they appear. Our clients tell us that the peace of mind that asset protection brings is priceless.
Is it too late to protect your assets if you have already been sued? If you have already defaulted on a personal guaranty? Were involved in a car accident? Received a letter from a government agency opening an investigation? It is our position that it is almost never too late to plan.
When a financial calamity befalls you, your choice will be binary – do nothing or do something. If you do nothing to protect your assets, your odds of success are zero. If you use an asset protection plan, your odds of success will be infinitely greater than zero. In the immortal words of Wayne Gretzky, “You miss 100% of the shots you don’t take.”
It is true that if you plan “after the fact”, i.e., after something bad has happened, the odds of success will be lower than when planning beforehand. But your odds of success will still be high. Depending on the assets you need to protect, how aggressive the plaintiff will be, and the structures we utilize, the odds of success will range from 50-95%!
We recently worked on a client case which involved last minute asset protection planning with an excellent outcome. So long as the assets are still yours, do not give up, there is always something you can do to protect them.