Here at Carpenter & Lewis PLLC, we understand that you may need an asset protection lawyer in Knoxville, TN. We’re here to put our many years of extensive experience together to give you the best asset protection lawyers in Knoxville, TN, so that you know your assets are well looked after.
An asset protection attorney is your experienced “guide” through the world that is asset protection, and we know it can be daunting. That’s why we’re an approachable group, and you can choose the law that you think will best suit you to work with.
There’s no need to try to set up your asset protection plan alone, not when we’re here for you. Not every asset protection plan is the same, and you deserve to know what best suits your needs.
Asset Protection Planning
So the first step in asset protection planning is to understand what this type of attorney does for you. The legal definition of asset protection planning is that it is a concept to protect and guard one’s wealth through strategies that are carefully crafted. And that’s just what you want to do in these cases; protect your wealth, property and other assets from creditors who are seeking to claim that property and assets for debt.
Asset protection strategies are used by businesses as small as large as you can possibly imagine, and by individuals, so they help a lot of people. While it might seem like something that someone with money needs to do, and not someone with less, it’s no secret that anybody on this planet can get sued for almost anything. Lawsuits can be from a lot of places, like car accidents, credit card debt, foreclosures, unhappy customers, medical debt and more.
And losing those disputes could seriously wound your assets, and destroy your finances, leaving you in extreme debt or bankruptcy.
Any asset protection plan should begin before a lawsuit is started. The law can make it difficult to block active and current creditors from accessing assets, and implementing protective measures in the middle of a lawsuit just makes things dicey. There are ways to protect yourself after you’re being sued, but it is always better to think preemptively and prepare ahead.
Courts can reverse the transfer of many assets into protective accounts, and may do so so that those assets are under the control of somebody within their jurisdiction, depending on what the lawsuit is about. So you can see why you’d want to create your plan now and have a qualified asset protection lawyer in Knoxville, TN by your side early on.
Let Carpenter & Lewis PLLC use their many years of knowledge and hard work to serve you and give you an advantage in situations where your assets may come under fire. Trust them to set up your asset protection today. Ensure you inquire after your lawyer’s experience before deciding who to work with, so that you know you’re taken care of by someone you can trust and identify with.