What You Need to Know About Asset Preservation in Maryland

What You Need to Know About Asset Preservation in Maryland

We plan for many aspects of life, down to what we’re doing this coming weekend, or even later tonight. However, short-term planning is easy–albeit generally less important than long-term planning, especially when it comes to your financial situation. Though estate planning is seldom considered “fun,” the truth is, having a comprehensive estate plan in place is key to getting the most out of your life and your finances. If you are someone who would like to learn more about estate planning and asset preservation, please read on and reach out to our experienced Maryland estate planning attorneys today. Here are some of the questions you may have regarding the process going forward:

What is asset structuring?

There are few things more important than creating a comprehensive estate plan to ensure your beneficiaries receive the full benefits of your assets. To preserve your assets, our firm can help you establish various legal documents and plans. For example, our firm is more than happy to help clients establish trusts to preserve their assets, foreign annuities, private placement insurance, and even family limited partnerships. If you are someone who needs a compassionate, yet knowledgeable estate planning attorney, look no further–you have just found that attorney in JD Katz.

What are asset protection plans available in Maryland?

Asset protection plans are fantastic ways to minimize your financial exposure. Simply put, an asset protection plan can help ensure you are prepared for whatever the future holds. Since we all work and live under different circumstances and means, different asset protection plans will work best for different people. For example, one can see how each person’s professional status, family status, assets holdings, insurance coverages, and the estate laws in Maryland can contribute to the need for different, individualized plans. No matter what happens in life, you should always seek to protect your assets from debt claims, divorce, lawsuits, and, in some cases, failed business ventures. Though these are all situations we never imagine arising, the truth is, it is always best to prepare for the worst. Our firm is here to help you do just that–all you have to do is ask.

Contact our experienced Maryland firm

The attorneys at JD Katz have years of experience compassionately guiding clients in Maryland through the estate planning and administration process. Our firm also has experience with matters of elder law, business law, tax law, and litigation. For a legal team that will put your needs first, contact JD Katz today.

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