Item: Braverman Law Group, LLC
Rating: 5
Author: Barbara Joan Martin

Asset Protection

When it comes to protecting your assets, having a legal strategy in place is essential. With the right planning and advice from a qualified lawyer, you can protect yourself from creditors, lawsuits, or other financial losses. There are three main levels of asset protection.

The first is an LLC in a particular state. These LLCs provide an extra layer of legal protection by shielding personal assets from business debts, lawsuits, and other liabilities. The LLC is designed and created in a jurisdiction (not Colorado) that grants only Charging Orders to plaintiffs. That means plaintiffs, creditors, and others cannot loot your LLC or force you to distribute assets from the LLC to them.

The second asset protection legal strategy is to create a domestic trust in a jurisdiction that allows self-settled asset protection trusts (not Colorado). A Trust can be used to protect assets from creditors, lawsuits, or other debts. This type of trust allows you to transfer your assets into it and appoint someone else as the trustee who will manage them on your behalf.

The highest level of asset protection is a foreign asset protection trust which is similar to a domestic trust, but it involves transferring your assets across international borders. This provides an extra layer of legal protection since the laws of different countries vary significantly.

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★★★★★

When my husband died, I felt I needed to honor him for his children and friends. Working through the plans was healthy because I've been a planner professionally. My daughter is not a planner and I know she would not find those endless tasks therapeutic like I did. So I've created a very specific estate plan with Diedre Braverman's counsel, detailed guidance, and support. Now I feel relief knowing that my death will not derail my daughter's life. Barbara Joan Martin

I really appreciate your calming nature. You are incredibly helpful and kind. After speaking with me it was the first time in a long while where I was able to sleep through the night because of your reassurance. Trudy Moore

I trust Bennett and feel his depth of knowledge. The time and energy Bennett spent briefing the beneficiaries of our plan – helping them to know what to expect and what their duties and responsibilities would be – was invaluable. I trust Bennett and feel his depth of knowledge will allow him to serve a wide range of client needs. The ramifications of each decision were fully explained and his adaptation to our family’s needs was exceptional. Anonymous

Diedre took the time to go beyond our initial assumptions and explained how we can benefit from strategies no one had explained to us before. Kathy

Bennett Braverman is a thorough, knowledgeable expert in his field. He did an excellent job in walking us through the Living Trust process, coaching us through decisions, and making sure we completely understood the what we had to do and the associated benefits and risks. We will continue to recommend him to our friends and look forward to partnering with Bennett in the future. Lisa

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