Colorado Asset Protection Attorneys
Ask Us About How to Protect Your Assets
Your most valuable assets might not be as secure as you think. Depending on the type of asset and your overall financial situation, creditors, tax agencies, plaintiffs who file lawsuits against you, ex-spouses, and others could all try to get value out of your assets and property. With a properly created estate plan, though, you may be able to protect your assets.
The Harris Law Firm offers legal counsel and services to people across Colorado who want to use asset protection methods. Whether you own a small business or pieces of real estate, or just have concerns about your property being misused or collected by unwelcome third parties, talk to our asset protection attorneys today.
Call (303) 622-5502 or complete an online form to request more information about our estate planning team today.
Asset Protection Tools
Asset protection is the overall concept of using different estate planning tools and legal methods to put barriers between your assets and interested third parties that might have a claim to those assets in certain situations. Most of the time, asset protection is used by people who are filing for bankruptcy and want to stop creditors and banks from taking as much of their property as possible. Many other situations in which asset protection is helpful can arise, though, which is why there are many different asset protection tools and methods to consider.
To protect your assets, you might be able to utilize:
- Trusts: Colorado does not allow Domestic Asset Protection Trusts, but by placing assets in various forms of trusts, we can help protect your assets.
- LLCs: If you are a business owner, you can consider forming a limited liability company (LLC), which has built-in asset protection provisions that make it more difficult for creditors to claim your privately owned assets if your company runs into financial trouble.
- Retirement accounts: Certain retirement accounts like employee-sponsored 401(k) accounts and traditional IRA accounts allow you to place finances into an account shielded by unique federal protections and state laws in some cases.
- Transferred ownership: Any asset that you own personally could potentially be vulnerable to collections, legal liabilities, etc. Consider transferring ownership of assets that you do not need or think you can spare. For example, you can gift assets like second vehicles to relatives.
Who Should Consider Asset Protection?
You do not need to have considerable wealth or own a business to benefit from various asset protection methods. Anyone who has assets that are worth protecting should at least consider using asset protection tools in their estate plan.
Talk to Our Colorado Asset Protection Lawyers
To learn more about asset protection and see if it is right for you, reach out to The Harris Law Firm in Colorado. We offer asset protection services that can be personalized to your needs and estate planning goals.
Get more information about your options through asset protection. Call (303) 622-5502 now.
The Harris Law Firm Difference
WE CARE ABOUT OUR CLIENTS, OUR TEAM, & OUR COMMUNITY
Since 1993, our commitment has been to provide the best possible client outcomes through compassionate and effective representation. If you are facing a divorce or related family law matter, estate planning or tax issue, please contact our helpful, compassionate, and understanding attorneys to request a legal evaluation or you can submit your information to ask a legal question. We look forward to helping you!
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Our Community
The Harris Law Firm supports the legal, local and international community. Through deliberate strategic giving efforts, we work together to bring strength, happiness and empowerment to Colorado and beyond. WE CARE about our role in the world around us.
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Our Team
We celebrate the many individual strengths that make up The Harris Law Firm team. We encourage growth while also promoting a collaborative working environment. WE CARE about our team and strive to ensure an environment of collegiality, appreciation and consistent professional development.
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Our Clients
You come to us for guidance, support and assistance at a trying time. We take this responsibility very seriously. You deserve a high level of service and excellent legal representation. WE CARE about your challenges, solutions and process for resolution.
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Our Testimonials
Hear it from Our clients
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"I finally feel like someone is advocating for me."The best thing I have done during my contentious, high conflict divorce was to kindly say goodbye to my former attorney and to move forward with The Harris Law Firm. I finally feel like someone is advocating for me.- David
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"I AM THRILLED and relieved and so ready to move forward."I AM THRILLED and relieved and so ready to move forward. Thank you, everyone, for your hard work on behalf of my sweet daughter. God bless you!!- Jeni
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"I want to thank you from the bottom of my heart."Sangeetha, I want to thank you from the bottom of my heart for all that you did to help me get this settlement. Thank you for trying to keep the hours down on this case. You are truly more than an attorney. In this case somewhat of a super hero. Thanks again.- Mark
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"My family and I deeply appreciate it."Thank you both for everything you have done to help me have my daughter in my life. My family and I deeply appreciate it.- Paul
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"I would like to thank the team for your patience with us through what has been a very difficult process for us both."We had a successful conclusion to all of our work this morning. The court commented on the fine work that had been done using a combination of the collaborative process and our independent efforts. I would like to thank the team for your patience with us through what has been a very difficult process for us both.- Mark
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"I am grateful that you represented me because you are smart, talented, generous and kind, and I want to thank you for being you!"I am grateful that you represented me because you are smart, talented, generous and kind, and I want to thank you for being you!- Rachel
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"I am so grateful for your professionalism"I am so grateful for your professionalism- Linda
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"I can not ever thank you enough."You have helped my family so much....there are no words.- M.P.
