Our Asset Protection Techniques & Strategies
South Dakota Domestic Asset Protection Trust (DAPT)
Spousal Lifetime Access Trust
Irrevocable Life Insurance Trust
Supplemental Needs Trust
South Dakota Dynasty Trust
South Dakota Multi-Member LLCs
Asset Protection is not just for the significantly wealthy. Anyone can be sued and has the potential to lose the assets they have. Trust Law Counsel helps individuals, families, and business owners identify risks and protect against possible liabilities.
Threats to your assets are ever present and will follow you in both your professional and private life. All it takes is one lawsuit to devastate the financial resources you have spent a lifetime building. Personal injury lawsuits, business creditors, ex-spouses, and bankruptcy— each of these can diminish your estate. Proper planning, however, can work to protect you from these threats. You can preserve your assets and dramatically reduce the risk that someone else will get ahold of them.
This planning is especially important if you own a business, as you want to protect your personal assets from your business creditors and you want to protect your business from your personal creditors. It is doubly necessary to take asset protection measures in professions subject to a high degree of liability, such as medicine.
Asset protection is about protecting future generations as well. By engaging in careful planning today, you can help ensure that your children’s inheritance is protected from their own creditors, such as ex-spouses.
Goosmann Trust Law Counsel is here to ensure you the peace of mind that comes from knowing that your hard-earned assets and retirement are protected.