Unfortunately, our legal system is being used (and often abused) by many who try to deprive others of their hard-earned assets. Hundreds of thousands of new lawsuits are filed in New York every year, many of which are frivolous or settled for amounts greater than the true liability.
Small business owners, doctors, dentists, attorneys, CPAs, and real estate owners are all too aware of the potential lawsuits that can be brought against them by litigants.
One's assets can be at risk due to a number of factors such as:
Personal liability of officers and directors of corporations
Lawsuits by former partners in a business
Injury resulting from a car accident
Personal injury on your property
Liability as guarantor or cosigner
Insurance alone does not always adequately protect against all of these threats. We help clients protect their wealth using a variety of strategies including the use of special trusts, business entities and other legal arrangements.
The attorneys at Cohen & Schwartz will work closely with clients throughout New York to implement proven, legally-sound strategies that will help protecting their assets. We represent professionals, small business owners, real estate owners, and other clients with the goal of safeguarding their savings against potential litigation, judgments, liens, and fraud.
We have a thorough working knowledge of domestic and offshore trusts, business entity formation, utilization of exempt asset protection statutes under state law, and negotiation and preparation of pre and post-marital agreements. We can often implement asset protection as part of a comprehensive estate plan in conjunction with will and/or living trusts as necessary.
The exact strategies employed by our attorneys may vary depending on the client, the nature of the assets, the country of origin, and the tax regulations that apply to those assets. The ultimate goal is to protect the status of current assets in a manner that is effective, legal and ethical. Contact our Nassau County NY asset protection attorneys for a consulation to find out more.