Estate Planning Basics Attorney in Lake Forest, Illinois

Asset Protection

Lake Forest, IL Estate Planning Attorney Thomas Pasquesi explains how the firm protects client assets.

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Well the risks are generally risk of creditors and there are some simple and some very complicated steps that can be taken to do that. From the simplest would be owning a house and tenants by the entireties, which protects from the creditor of one spouse. There are aspects of retirement account planning that have creditor protection considerations. Then of course, there are the more complicated domestic and foreign asset protection trusts.

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