Structuring the ownership of assets to shield them from future risk is one of the principal objectives of a sound wealth management plan. DZH Phillips advocates asset protection in conjunction with tax, estate, and business succession planning, and works with clients to implement legal and ethical solutions to safeguard their assets. Using tools such as limited liability companies, family limited partnerships, and trusts, we can help you manage debt and protect your assets from creditors, while building a substantial legacy.
Waiting until business or personal debt becomes a problem is the wrong strategy. As soon as you feel the sting of insufficient cash flow, you’ll want a plan that deals with the underlying issues and presents realistic options for addressing your immediate financial concerns. We’ll work with you to examine your current situation, explore options for lowering payments or reducing debt, and introduce long-term changes that may result in greater financial stability and peace of mind. Our wealth management team has experience with debt restructuring and reduction agreements, and also provides guidance in evaluating business operations for maximum effectiveness.
As with debt management, creditor protection is a strategy to employ early and under the guidance of a professional who can help you navigate the complex legal issues surrounding ownership of personal and business assets. Knowing you are protected, regardless of whether you ever need to call upon that protection, is liberating and allows you to focus on the things that matter most to you.
DZH Phillips can help protect your assets from creditors with tested strategies for limiting personal liability, structuring asset ownership, and investing in favored assets. Clients turn to us for expert legal and accounting advice in the following areas:
- Liability insurance
- Personal guarantees
- Liability limitation provisions in contracts
- Indemnification agreements
- Compliance planning
- Transaction planning
- Outsourcing to carriers or contractors
- Non-dischargeable obligations
- Inherited assets
- Limited liability companies and partnerships
- Business assets
- Gifts to family members
- Qualified pension and profit sharing plans
- IRA investments
- Exempt assets