Asset Protection

Denver Asset Protection Lawyer

Asset protection plans can insulate and protect wealth from various risks. These plans, which can be part of an estate plan, are not reserved for the wealthy.  They can also benefit those of moderate means, as well as those who are about to become wealthy.

Whether or not you anticipate some risk to your assets, we are ready to work closely with you to structure a custom plan that can proactively protect your wealth. This can give you priceless peace of mind and essential financial security.

Do I Need an Asset Protection Plan?

You may benefit from an asset protection plan, depending on:

  • The value of your assets: This can include real estate, vehicles, cash, stocks, and other assets. When evaluating your wealth and whether you need an asset protection plan, it’s important to focus on your net worth.
  • Your anticipated future net worth: Asset protection planning is not just about insulating the wealth you have now. It’s also about protecting what you will have in the years to come. If you anticipate your wealth growing in the future, you’ll likely benefit from asset protection planning—and the right plan will serve as a strong foundation to protect your current and future wealth.
  • The risks to and exposure of your assets: Creditors, lawsuits, the IRS, and others can all present risks that could threaten your wealth, now or in the future. Consider the possibility of these liabilities—and how well your wealth is actually insulated from those liabilities—when you’re deciding whether you need to create an asset protection plan.

Asset Protection Strategies & Planning in Colorado

The best asset protection plans for Coloradans will depend on the types of assets they hold and the types of liabilities they face. Some options for asset protection in Colorado include:

  • Family limited partnerships (FLPs): These can be an effective way to prevent creditors from forcing the liquidation of certain assets to satisfy a judgment.
  • Limited liability corporations (LLCs): Similar to FLPs, LLCs are usually preferred for business asset protection.
  • Land trusts: Used for property ownership, land trusts give you a way to take real estate out of your name while retaining control of your property.
  • Equity stripping: With the strategic use of friendly liens, equity stripping can be a viable way to insulate assets from creditors, making it appear as though your assets are overburdened (even if they are not).

Using these strategies in estate plans, along with features like (but not limited to) the following, may offer even greater protection and peace of mind:

  • Wills
  • Living wills
  • Revocable trusts
  • Powers of attorney

Set Up a Discovery Session with an Experienced Denver Estate Planning Lawyer: Contact Us

When you need assistance with asset protection planning in Colorado, you can turn to a trusted Denver estate planning attorney at the McKenzie Law Firm.  Backed by more than three decades of experience, our team is known for providing compassionate, client-focused service and effective asset protection solutions.

Call (303) 578-2745 or email the McKenzie Law Firm to schedule a no-obligation Discovery Session and find out more about our asset protection and estate planning services.

During a Discovery Session, you can meet one on one with our Denver estate planning lawyer to:

  • Discuss your situation
  • Explain your concerns and objectives
  • Ask questions
  • Get helpful advice

This gives you the opportunity to decide if our Denver estate planning law firm is a good fit for your needs. If you choose to move forward with us after this meeting, we will take a deposit to schedule your next meeting.

At the McKenzie Law Firm, we are passionate about providing estate planning services and solutions that help our clients minimize confusion, expenses, and long court battles in the future. That’s why we are dedicated to always putting our clients’ needs, interests, and goals first—and why we always go the extra mile to deliver exceptional plans, recommendations, and services.

While you can get more information during a no-obligation Discovery Session, we also invite you to check out these helpful resources for additional insights onestate planning in Colorado: