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Nassau County Asset Protection Attorney
When it comes to protecting your wealth, there is no time to waste. With years of experience serving clients, Adler Law understands the complexities of asset protection, and our team will work tirelessly to protect and safeguard your hard-earned property.
Whether you're an individual or a business owner, trust us to help you create a customized asset protection plan. With us by your side, you'll have peace of mind knowing your property is in good hands.
An irrevocable trust can be a powerful tool in safeguarding your assets and caring for your loved ones. In the event of unforeseen circumstances, an irrevocable trust can transfer your property to the trust. With your property no longer in your name, creditors, litigants, and untrustworthy family cannot access it.
Additionally, by transferring these assets to the trust, you can control how they are distributed. Therefore, if you pass away or become incapacitated, the trust takes over, and your beneficiaries will receive their inheritance according to your wishes. All the while, you can maintain confidentiality.
Irrevocable trusts are particularly useful for NY residents. In our state, the cost of nursing homes and long-term care can easily drain any remaining funds.
Our team is here to help you create an irrevocable trust. We will work closely with you to make sure the trust meets your needs and upholds your wishes.
Asset Protection Trusts
Asset protection trusts are an effective way to guard your assets from creditors and potential lawsuits. Only a licensed attorney can establish these trusts. This legal oversight offers a strong layer of protection. We can help place your assets in a capable trustee’s hands. This trustee will be legally bound to protect your wealth.
Asset protection trusts can provide peace of mind, and they will help ensure that your hard-earned assets are not lost to unforeseen circumstances.
Consult with our team to see if such a trust is right for you.
New York Exempt Property Law
New York state law can allow you to keep certain property, even in the event of bankruptcy or debt. These items, known as exempt property, include necessities such as clothing, furniture, and household appliances.
Additionally, exemptions can apply to certain types of jewelry, tools of the trade, and medical equipment.
Exemptions vary depending on your situation. Our team can review your case. We can help you understand your rights and help protect your property when you face financial difficulty.
We understand the complexity of New York’s exempt property laws, and we are here to help alleviate some of the stress that accompanies financial struggles.
When you are ready to take the next step and protect your assets in Nassau County, contact our property protection lawyers. You can schedule time with us online or call us directly at (516) 740-1184.
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