Asset Protection Lawyer Chicago, IL
Do I Need an Asset Protection Attorney
For the majority of us, whatever assets we have are the product hard work and/or smart investments. A good asset protection lawyer in Chicago, Illinois knows that protecting those assets as we get older is critical to ensuring that we are taken care of in our old age and that our families are taken care of when we are no longer able to do so. Having a skilled Chicago, IL asset protection lawyer’s guidance makes all the difference in that protection.
At Childress Loucks & Plunkett, our asset protection lawyers serving Chicago, IL can evaluate your situation and offer the best legal options available for your situation. Our legal team has extensive experience in helping families plan and protect their future. Not only will our legal firm make sure that you are protected, but we will also make sure that any plans you make all adhere to both federal and state laws.
Asset Protection Options
Many people who do not consult with asset protection attorneys find not only are their assets vulnerable to creditors and lawsuits, but the steps they may have taken to protect those assets were illegal, such as transferring funds to a family member or friend in order to avoid paying a lawsuit settlement.
In situations such as this, there are legal steps that a person can take to protect their assets. The asset protection attorney from Childress Loucks & Plunkett you consult with will evaluate your situation to determine if you may be at risk for future lawsuits depending on your occupation or other factors. If this potential exists, one option could be to create a trust in which your assets are placed and where any future litigants would have no claim to if they were to file and win a lawsuit brought against you.
There are several types of trust that asset protection attorneys use as tools for their clients and your attorney can explain which type would work best for your family. Trusts can also be set up to protect from future creditors, as well as protect from any future elderly planning. Nursing homes and assisted living facilities are expensive and can quickly eat up the assets of elderly residents. This is why many of our clients make arrangement to protect their savings long before they reach the age or physical condition where the day comes they and their families have to make that decision.
Let an Asset Protection Attorney Help Your Family
There are many other options besides trusts that may be helpful to your situation. If you would like to meet with a skilled asset protection attorney to discuss what those options would be, call name of firm. We have been advocating for Chicago, Illinois families for more many years and encourage families to plan for their future. We would be happy to meet with you and discuss how we can do the same for you. Contact Childress Loucks & Plunkett to set up a free consultation with a skilled asset protection lawyer in Chicago, IL today.