Asset Protection

Asset protection is accomplished using several different vehicles. Among them are Limited Liability Companies, Limited Partnerships, Irrevocable Trusts, and Off-Shore Trusts. The purpose of asset protection is to ensure that an individual is only exposed to the liability that he or she is rightly responsible for.

There is a significant distinction between legitimate asset protection and an illegal fraudulent conveyance. It is essential that individuals seeking to limit their liability discuss their options with an experienced attorney in order to ensure that all asset protection is conducted properly. Individuals with significant exposure to liability should contact an attorney at Mayman & Mayman LLP to discuss their asset protection needs. After all, it's not what you make, but what you keep that counts.