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ASSET PROTECTION

The Benefits of Choosing A Specialty Firm

Asset ProtectionThe Benefits of Choosing A Specialty Firm

In recent years the American Bar Association conducted a survey of their attorneys which revealed that only 0.05% of barred attorneys in the U.S. considered asset protection one of their specialties. That represents less than 800 asset protection attorneys for the whole country.

In recent years the American Bar Association conducted a survey of their attorneys which revealed that only 0.05% of barred attorneys in the U.S. considered asset protection one of their specialties. That represents less than 800 asset protection attorneys for the whole country.

Like medicine, the law is a very big field and attorneys can and probably should specialize in specific areas of the law.  Just like any other field of work attorneys tend to gravitate to the area where they can earn the most money. Asset protection is an area where an attorney can charge a great deal of money but only to a very limited number of people. Because of the lawsuit epidemic in our country (94% of the worlds lawsuits filed in the U.S.) more and more people need asset protection, but the few attorneys who do provide it, charge so much that it is out of the reach or comfort zone for most people, even medical professionals.

Many people ask, “why can’t my own attorney do this?” The answer is that true asset protection will normally involve use of entities in multiple states and also require specialized language in those entities that will move assets out of the jurisdiction of the courts. Most of the states in the U.S. have passed laws giving their judges a very wide berth in controlling assets in tools such as Limited Liability Companies or LLC’s.  If an attorney does not have expertise required to know specific state laws surrounding these tools it will be hard for this attorney to truly protect assets.  It is not enough to know your own state laws it is required to know all the state laws in order to achieve maximum protection for their clients.

Following and understanding these laws is a taxing experience and only worthwhile if the attorney has a high volume asset protection practice. The standard attorney practicing trial, family or business law typically will not invest the effort or time required to truly know how to protect assets.

Legally Mine LLC has been helping medical and business professionals protect their assets for over 40 years.  In addition, because we do continuing education classes for medical, dental, optometric, legal, and other business associations, we have a large following and do nothing but asset protection.  Our volume allows us to charge much less than the standard asset protection attorney and yet our experience in the area is second to none.

The key to any good lawsuit protection plan will include ways to maintain control of your assets without direct ownership, shielding you from legal attacks.

Legal professionals have created legal tools to protect their own assets, while leaving the average person vulnerable and open to their attacks.

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