Asset Protection Planning Attorney in Savannah, Georgia

Why is it so important to do asset protection planning now?

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00:00
[Music]
00:04
so with
00:04
asset protection planning you always
00:06
want to do the planning before you have
00:08
a problem
00:09
and the reason is that there are what we
00:12
used to call fraudulent conveyance laws
00:14
that say if you owe somebody money and
00:17
you transfer
00:18
your assets into a trust or to someone
00:21
else
00:21
they can undo that transaction and they
00:23
can get some damages against you for
00:25
your attempt to hinder delay or defraud
00:28
a creditor
00:29
so it’s very important that you do the
00:31
asset protection planning before you
00:33
need it
00:33
i think a lot of times this is
00:35
applicable to high net worth clients who
00:37
may be concerned about becoming a target
00:40
for
00:41
someone out there you need to do the
00:43
planning before
00:44
the lawsuit’s filed before you have an
00:46
issue
00:47
and put the right structures in place so
00:50
that
00:50
on the day that happens if it does
00:53
hopefully it won’t but if it does happen
00:55
you’ve got all the pieces in place long
00:58
ago and
00:59
they’ve had time to season and there’s
01:01
no issues

Savannah, GA estates planning & probate lawyer Mike Smith explains why it’s so important to do asset protection planning before you have a problem.

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