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Wednesday, February 27, 2013

Asset Protection – Four Reasons it Matters



Asset protection is important. In fact, it’s important in the here and the right now as opposed to after the fact, when it’s generally too late to shield your assets. A lot of people wonder why they need an asset protection lawyer Dallas Texas Joe B Garza, and there are a ton of different answers that can help you better understand. Since we never truly know what might happen, it’s imperative that we plan ahead for an uncertain future.

Lawsuits
You never know when you might get hit with a lawsuit of any type. As frivolous as a lawsuit may seem, it threatens your finances. When lawsuits hit people, they can drain them emotionally and financially. With ironclad asset protection methods in place, however, your assets will be safeguarded.

Creditors
Even the wealthy can struggle from time to time. Especially if you have many of your assets tied up in concrete investments that leave little liquid. So during that down time, when you are short on liquid, how do you protect your assets from seizure from creditors and bank judgments? With asset protection methods in place, you can.

Liability Reduction
Taxes have vastly increased for the wealthiest Americans this year, due to new updates to the tax code. Now your liability could exponentially rise if you don’t take preemptive measures to reduce it. Thankfully, with proper planning you can reduce your liability greatly.

Estate Planning
You never know how long you will be around. One day we are here and the next day we are gone. Estate planning is important during all stages of life. So don’t put off planning your estate and protecting your legacy.

Learn more asset protection and estate planning tips by Dallas, Texas Joe B Garza.  

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