Montgomery County Asset Preservation Attorney

Asset Preservation Attorney in Bethesda, Maryland

When it comes time for an individual to start the creation of their estate plan, it needs to be comprehensive. Many people think that as long as they have drafted a will, their estate plan is complete. While having a will is one of the more important components, there are still a lot of other factors that must be considered. One such component to a truly well-rounded estate plan is asset preservation. Asset preservation allows an individual to pass their assets and limit tax liability in an effort to preserve wealth and provide more to beneficiaries. Of course, this is a challenging task and every individual situation is different. Therefore, it is important to consult with an experienced Maryland asset preservation attorney that can help you develop an estate plan that is best for yourself and your beneficiaries. Contact JD Katz today for skilled legal guidance.

Asset Structuring in Maryland

The experienced legal team at JD Katz understands how important it is to plan for the future. We urge our clients to create a comprehensive estate plan and preserve their wealth to most effectively benefit themselves and their heirs. Some of the important factors to take into consideration when protecting one’s wealth include the following:

  • Trusts that aim to preserve assets
  • Family limited partnerships
  • Foreign annuities
  • Private placement insurance

Our firm is committed to guiding clients through each step of the process as they work hard to structure their assets in a way that will allow them to effectively preserve the wealth they have built over their lifetime. 

Asset Protection Plans in Maryland

Creating an asset protection plan that minimizes one’s financial exposure is important. Of course, it is always a good idea to have an asset protection plan in place before issues well before any issues arise where it may become necessary. It is always better to be over-prepared for the unknown, especially when it comes to your finances. While working with an attorney to create an asset preservation plan, it is a good idea to take a number of things into consideration, including your professional status, family status, estate laws in Maryland, asset holdings, insurance coverage, and charitable giving. Keeping your wealth safe is of the utmost importance, especially when it comes to the unpredictable situations that life throws at us. Some of the instances that an individual may benefit from having an asset protection plan in place can include the following:

  • Divorces
  • Debt claims
  • Lawsuits
  • Failed business ventures

Contact a Maryland Wealth Preservation Attorney

The experienced legal team at JD Katz understands how important it is to protect hard-earned wealth. While no one can predict the future, it is best to always be prepared for situations that put one’s asset portfolio at risk. No matter your situation, our firm is prepared to guide you through each step of the process to protect your assets and reduce any estate taxes while working to maximize wealth for beneficiaries. If you need legal assistance to protect your wealth, contact our firm today.

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