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Austin, TX estates planning & probate attorney Kyle Robbins explains how you can protect your assets with an estate plan. He notes that asset protection has several different facets. One major focus is protecting a client’s assets from their own creditors, which is often the most complex type of asset protection work. This can involve strategies related not only to creditor claims but also to potential estate taxes. Another important aspect is planning for the client’s children—ensuring that assets passed down are safeguarded from creditors. This type of planning is generally simpler and easier to accomplish. He also advises clients on protecting their children’s inheritance in the event of a divorce, making sure that the assets intended for them remain secure. There are several approaches to asset protection planning, but these are the most common areas he addresses in client meetings.
