Safeguard your hard-earned assets with strategic planning and expert support from an asset protection lawyer.
No matter how secure your situation, life will always pose an element of risk. With asset protection strategies, planning ahead can help you safeguard your personal or business assets from relationship breakdown, insolvency and legal action. This proactive process is an important step in the estate planning process, particularly if you have a complicated or blended family.
At Rankin Ellison, our asset protection specialists are available to help you prepare tailored plans and implement effective tactics that can preserve your wealth if life takes a turn.
Depending on your distinct circumstances, an asset protection lawyer may recommend one or more of the below mechanisms to safeguard the assets you have worked so hard to obtain:
There’s no such thing as a one-size-fits-all approach to asset protection. We have extensive experience in devising and implementing tailored strategies for all types of clients.
When it comes to actioning an asset protection plan, it is critical to establish safeguards before any issues arise. That is why it is so important to seek specialist support as early as possible.
If you are considering asset protection, speak with an experienced lawyer at Rankin Ellison about various legal procedures and their suitability to your unique situation. We will advise you on the most appropriate avenues for your needs, goals and risk profile, completing all required legal documents to ensure your protection plan is in place.
One of the most common misconceptions about asset protection is that it is only relevant to wealthy people with significant assets. We strongly recommend putting a protection plan in place if you own any businesses, real estate, intellectual property or investments. Additionally, it is important to consider adopting an asset protection strategy if you are self-employed or working in a high risk industry.
You may be able to protect your assets from:
- Financial hardship or business insolvency
- Legal proceedings brought against your business
- Shareholder, joint venture or business partnership dissolution
- Creditor claims, divorce or personal bankruptcy
- The divorce or bankruptcy of your children if they are beneficiaries in your Will
Creditors are unable to access assets within a superannuation fund. However, any contributions perceived as made in an effort to avoid paying debt may be recoverable under Bankruptcy law.
Contact us onor 02 8297 5900.