Asset Protection

We live in a very litigious society. Any one of us can be sued anytime if something goes wrong in our lives. When we do get sued, we run a risk of losing our homes, savings, and investments, if these assets were not properly protected.

Do not wait to start protecting your assets until the time when someone is about to file a law suit against you. It may be too late to do anything at that point. You have to start protecting your home, savings, investments, and other assets as early as possible, when there is no immediate threat.

Your insurance policy (homeowner, professional liability, umbrella, driver, malpractice, etc., etc.), if you have one, may not give you peace of mind either. First, each policy has limits and many exclusions. If a situation falls into any one of the listed exclusions – your insurance policy may not cover the entire loss or anything at all! Moreover, though it sounds counterintuitive, large insurance policies may give you less peace of mind. This is because large insurance policies often serve like magnets in attracting law suits. This is because the size of your insurance policy will be one of the first items attorneys will consider when deciding whether or not to take-on the case and file a lawsuit against you. The better the policy the better the chances of attorneys getting paid, if they are working on contingency fees (when a fee is a fraction of the amount collected for their client). We are not saying that purchasing insurance is not a good idea – it simply may not be enough to protect your assets and give you peace of mind.

Melnik Law Group’s attorneys design asset protection strategies that fit each individual client’s particular needs. Each strategy is developed based on many factors, such as particular client’s risk exposure, types and values of assets owned and desired degree of protection. Our goal is to develop a perfect balance of asset Protection while retaining the necessary Control over and Benefit from the assets, combined with the Anonymity and Privacy of asset ownership. Our asset protection strategies vary from case to case and may include transfers of assets or transfers of asset ownership to different On-Shore and Off-Shore Jurisdictions that afford better privacy and protection against creditors, creation of various legal entities, such as Family Limited Partnerships, Limited Liability Companies (LLCs), as well as many other customized cutting-edge asset protection techniques.