Shield Your Assets From Creditors' Claims, Lower PA Inheritance Tax, and Avoid Capital Gains Tax
I have worked with countless clients throughout Pennsylvania who need proper asset protection. The goal of asset protection is to create a shield to guard your property from creditors, lower PA Inheritance Tax, and Avoid Capital Gains Tax - each case is different and results depend on trust language.
When you enlist the services of D'Onofrio Law Office, P.C., I will help you structure your assets efficiently, ensuring that they are safeguarded from future threats and unnecessary taxes. When you include an asset protection trust in your estate plan, you are providing another shield of protection for your loved ones.
My goal is not to fraudulently hide your assets, but to effectively guard them. I examine each client's situation, determining what type of protection you need according to you unique situation. After I review your financial situation and personal and business affairs, I will discuss options and protection plans with you, ensuring that your objectives are being met.
I help clients in Pittsburgh and the surrounding area who are natural targets of lawsuits, including:
Real estate investors
Real estate developers
High net worth individuals
Anyone - When An Asset Protection Trust Makes Sense
There are a variety of legal structures within an asset protection trust. The main function of a trust is to organize your financial affairs in a safe legal entity. This means that your assets will be in protected forms of ownership, rather than an unprotected one. Even revocable living trusts may not be able to properly protect your assets any longer, which is why it's important to continually update your estate plan.
Some methods can be used to turn your property into exempt assets. However, exemptions may not be effective for all types of creditors. You would not be exempt from paying child support, federal tax liens or state tax liens. I will review all the details of your property and finances to ensure that you are pursuing the most beneficial trust for your situation. The main goal of an asset protection trust is to keep creditors away from your estate.
Contact A Pittsburgh-Area Estate Planning Lawyer to Protect Your Assets
As your attorney, I will help you establish a strong plan for your asset protection, ensuring that creditors avoid battling with you for your shielded assets. It works to discourage litigation, providing you with the security you need to live in peace. No matter what type of property or assets you want to protect, I have the experience to create a plan for your protection.
Contact me online or call 412-928-2068 to start discussing your specific case. I offer a complimentary initial consultation, helping you to begin your protection plan as soon as possible.