Oxford Asset Protection Lawyer

Oxford Asset Protection Attorney

Oxford is a beautiful suburban area, and many people here work very hard to earn and preserve their wealth. It is never too soon to start thinking about asset protection, and an experienced Oxford, CT, asset protection lawyer is the ideal asset to have on your side. The team at Burns Thomas, LLC, can help you understand your options and create a legally enforceable asset protection plan that meets your goals.

Helping Oxford, CT, Clients With Asset Protection

The attorneys at Burns Thomas, LLC, provide client-focused legal counsel for all types of asset protection strategies. Our firm takes time to learn as much as we can about our client’s needs and concerns when it comes to asset protection, and we have successfully developed many legally enforceable strategies for past clients’ preservation of wealth.

The US Census reports that the median age of Oxford, CT, is 47, and nearly 20% of the population is over the age of 65. While it’s never too soon to start thinking about asset protection, there are a great many people in the Oxford area who have not yet taken steps to protect their assets. Working with a seasoned Oxford, CT, asset protection lawyer offers several valuable benefits to you and your family.

“Asset protection” is a broad term that can apply to any legal measures that can streamline estate administration for your loved ones, minimize tax burdens, and protect your assets from creditors. The team at Burns Thomas, LLC, can help with many asset protection strategies, including:

• Asset protection trusts: Placing your assets in a trust effectively removes legal ownership from you and places it in the care of a trustee you designate. This can effectively eliminate the need for the contents of the trust to go through probate, and your trustee is charged with handling the contents of the trust according to your wishes.
• Family limited partnerships, which are often used by families for asset protection and wealth preservation: However, they require careful structuring as they may pose liability concerns for partners in some situations. A family limited partnership can be configured to control real estate, business assets, investment accounts, and more. They can also potentially reduce estate taxes based on the tax brackets of designated partners.
• Limited liability companies (LLCs): These business entities can create a legal separation between your business assets and personal assets for the purposes of estate administration. If your LLC encounters any type of legal issue, creditors may only seek repayment from the LLC, not from your personal assets.
• Joint property ownership: Placing property into joint property ownership enables the joint owner of the property to assume full ownership after your death. This type of ownership arrangement eliminates any room for dispute over the distribution of the property during estate administration.

These are just a few of the ways an experienced Oxford, CT, asset protection lawyer can help you and your family ensure wealth preservation. Asset protection is a major component of estate administration, and the attorneys at Burns Thomas, LLC, excel at creating personalized estate plans that accomplish our clients’ individual goals. We can also assist you with developing all other aspects of your estate plan, such as an advanced care directive and power of attorney.

When you meet with our team to discuss asset protection, you can expect close attention to detail and personalized legal advice. Our team is confident in addressing complex financial issues and developing individualized asset protection solutions.

We will do everything we can to provide the peace of mind and legal protection you want for your family. Reach out to our firm at your first opportunity to learn more about how we can assist you with protecting your assets in Oxford, CT.

Whether the best option for you is a comprehensive will, the establishment of trusts or other estate planning solutions, we will find a solution that fits your needs.

schedule a consultation

FAQs

The team at Burns Thomas, LLC, provides client-focused legal counsel for all types of estate planning and asset protection strategies in Oxford and surrounding communities of Connecticut. Approaching this topic can be daunting, but the right legal counsel can help you make sense of your options and make more informed, confident decisions. Contact Burns Thomas, LLC, today to schedule a consultation with an Oxford, CT, asset protection lawyer you can trust.