Asset protection, or debtor-creditor law, is a branch of legal practice that protects individuals and businesses from paying penalties in civil judgments. An asset protection lawyer needs to identify and verify a creditor’s facts and motives. An asset protection attorney must also be able to attempt this without concealing assets or committing tax evasion, which, if discovered, would put his client as well as himself in criminal jeopardy.
What is an Asset Protection Attorney?
An asset protection lawyer is a professional who attempts to service the clients personal or commercial properties. In the case of a retail store, if there was a shoplifter that committed a crime, the asset protection lawyer would be needed to prosecute the criminal. An asset protection lawyer should know the exact laws for the state in which the claim occurred in since the laws vary from state to state. An asset protection lawyer should be contacted for all legal advice.
FACTS ABOUT ASSET PROTECTION LAW
An asset protection lawyer can help you get through all of the bureaucracy of protecting your assets. Asset protection attorneys should be consulted for all legal advice about asset protection. Even though you may feel that you do not need an asset protection lawyer or it’s too costly to hire an asset protection lawyer, it’s probably wise to do so. An asset protection lawyer can help ensure that your belongings remain with you. Contact an asset protection lawyer today.