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127-16 14th Avenue, College Point, NY 11356

Asset Protection Attorney

Table of contents

    When creditors come calling, you may lose significant amounts of your wealth if you’re not protected. Since a civil lawsuit can happen to anyone, shield your money from creditors and taxes with an asset protection specialist. You’ll find the best asset protection lawyers at the Albert Maimone & Associates, P.C. local law practice in Queens, although they serve all five boroughs of NYC, including Nassau and Suffolk counties. Call them today for a free consultation.

    What Is Asset Protection?

    Asset protection is a part of your financial planning that involves a framework of strategies based on federal and state law. The idea behind asset protection is averting or limiting claims that creditors may place on your wealth or assets, either in the present or in the future. In practice, this method works as a shield or an invisible wall that prevents anyone from getting your assets.

    To correctly implement an asset protection plan, you need to consult an asset protection attorney. For legal advice in the five New York City boroughs — Queens, Brooklyn, Manhattan, the Bronx and Staten Island — as well as in Nassau and Suffolk counties, the boutique law firm Albert Maimone & Associates offers dependable legal services and skilled representation. This asset protection law firm uses a client-based approach, ensuring the strategy fits your asset protection requirements.

    Do I Really Need Asset Protection?

    Many people may believe that asset protection helps them avoid paying taxes. These people think of asset protection as a fraudulent concealment method that wealthy people use to hide money and assets from the government or for bankruptcy fraud. In reality, asset protection uses the law to protect your assets.

    The legal framework for asset protection is designed to work for everyone who has an asset that may be seized and then sold for cash. Individuals, as well as small-to-medium-sized businesses, benefit the most from asset protection because:

    What Assets Can Be Protected?

    An asset is defined as any object you exchange for goods or cash. Basically, anything that you can own or is considered valuable can be an asset. Start your asset protection journey by getting a free consultation and case evaluation from an experienced asset lawyer like those at Albert Maimone & Associates. They identify which of your assets may be deemed protected under the federal and state law. Common assets an individual or a business entity can protect include:

    • Real estate
    • Social security under federal laws
    • Cash, certificate deposits, checking and savings accounts
    • Cars, boats or planes
    • Inheritance
    • Intellectual property
    • Machinery and equipment
    • Books and paintings
    • Furnishings
    • Watches and jewelry

    Your asset attorney needs in-depth knowledge about real estate law, business law, debtor-creditor law, family law, criminal law and estate and probate law. With this knowledge, your asset protection attorney can devise a personalized strategy based on your specific assets and the judicial law in New York State.

    With an asset protection law firm like Albert Maimone & Associates, you get comprehensive estate planning and probate representation. Consultations are free, and your case is reviewed within 48 hours. No matter what your reasons, asset protection helps you build and preserve your hard-earned wealth. Contact the best asset protection lawyers in Queens, New York today.

    Albert Maimone & Associates P.C.

    127-16 14th Avenue
    College Point, Queens, NY 11356
    (718) 357-1216

    Page Updated on Mar 17, 2024 by Albert Maimone, Esq., (Lawyer) of Albert Maimone & Associates P.C.