You have spent a lifetime accumulating your personal assets and wealth. If you are starting a business or planning for long-term care, it is important to protect those assets through careful planning and preparation.
At the Law Office of Angela Siegel in Garden City, New York, we provide comprehensive estate planning and business planning services designed to protect your assets now and in the future. For a free initial consultation, contact our office online or call us at 516-741-6100.
Businesses and Asset Protection
Without proper planning or business formation, a lawsuit against your company could result in personal liability. You can protect your personal property from liability by creating a business entity such as a corporation or limited liability company (LLC).
Asset protection is more than just setting up a business entity, however. It is important to maintain the boundaries between your business and your personal finances. With more than 20 years of experience handling business issues, attorney Angela Siegel can help you understand the law and take steps to keep your home and other personal assets from business creditors.
Estate Planning and Asset Protection
A comprehensive estate plan takes into consideration not only your wishes after you die, but also your goals for the future. It is important to create documents today that can protect your assets tomorrow.
For example, if you do not have long-term care insurance, and you cannot afford the health care you need, the law requires you to get rid of your assets before receiving aid. This can be difficult if one spouse wants to remain in the home or if you provide support to other family members. By creating an irrevocable trust and placing your property in that trust, you will be able to protect your assets and still provide support to a spouse or loved one.
We can help you plan for long-term care, minimize taxes on your property and protect your assets. Admitted to practice in both states, attorney Angela Siegel can help you.
To learn more about your options, contact our law firm online, call 516-741-6100. We will work to help you create an asset protection plan that meets your needs.