Alabama Asset Protection Attorneys
Protecting your assets against lawsuits, a death in the family and other potential dangers is important to ensure your financial well-being. When considering the various asset protection strategies available to you it can be easy to become overwhelmed with the wide range of options. Discussing your asset protection goals with an experienced lawyer can be very beneficial in securing your finances and your peace of mind.
At the Amari Law Firm, we leverage more than 30 years of experience to offer asset protection advice to clients throughout the Birmingham area. Our knowledge of various asset protection strategies, including business incorporation and estate planning instruments, allows us to provide the guidance you need to secure the assets you have worked so hard to obtain.
Why is asset protection important?
Protecting your assets is important for many reasons, including:
- Lawsuits: In today’s litigious culture, lawsuits are an ever present danger. Asset protection planning can limit the amount of your property exposed to lawsuits, and may even reduce the risk of a lawsuit being filed against you; if few assets are exposed to a suit, the other party may back down from a suit.
- Liability protection: While your insurance package likely addresses much of your liability for an accident or negligence, your policies are limited in the amount of coverage they provide. If you are found at fault for another party’s losses, and those losses exceed your insurance coverage, your personal assets may be seized to cover the difference. Asset protection planning helps to limit the exposure of your assets in such a situation.
- Separation of business and personal assets: Business owners are exposed to potentially harmful situations every day, from property accidents to economic disaster. Asset protection planning helps to separate your personal assets form your business assets, a step that is vital to your personal financial future in the event of a business failure or lawsuit.
- Peace of mind: Living in fear of losing your property or funds can be draining. Conducting thorough asset protection planning can help to alleviate your fears and remove the worry associated with the loss of your assets. This peace of mind can be invaluable.
Contact the Amari Law Firm for Personalized Asset Protection Advice
No two families are exactly alike when it comes to asset protection. This means that your options for protecting your assets are different from those of your neighbors, coworkers and friends. This also means that you need personalized advice on your unique options for protecting your assets.
To discuss your asset protection options during a free consultation with one of our Birmingham attorneys, contact us online or call 205-655-8484 today.