Super Lawyers
Expertise - Best Car Accident Lawyers in Naperville
Leading Lawyers badge
Top 40 Under 40 badge
Top 25 badge
ASLA badge
TNA Top 100 lawyers badge
Avvo Client's Choice badge
Best 10 badge
Lead Counsel - LC - Rated
Expertise badge 2018

Domestic Asset Protection

Whether or not you have a massive accumulation of wealth, you need to make sure your domestic assets are well protected. These can include businesses, investments, real estate properties, bank accounts, and any other valuable resource you possess, and each of these has its own nuances when it comes to securing it against seizure or loss.

Creditors, lawsuits, foreclosures, even ex-spouses—all of these can pose a risk to your assets. Making sure they are well protected, therefore, is of utmost importance. Hart David Carson has extensive experience with asset protection planning, including forming trusts and partnerships, developing documentation and agreements, and representing our clients in the event of litigation or lawsuits.

Family Limited Partnerships

Protecting your estate from massive blows from taxes and creditors can be done through a family limited partnership, or FLP. It is a partnership that is controlled within the family, and it can provide certain tax benefits to limited and general partners. It thus becomes an efficient, secure vehicle by which your assets can be transferred to the next generation, but only if it is properly structured.

Pre-Inheritance Trusts

A pre-inheritance trust, or PIT, allows your beneficiaries to benefit from assets prior to your passing on. As an irrevocable trust, you are not considered to own the assets within the trust, thus avoiding attacks from creditors and lowering your estate tax liability. In addition, the trust is structured in such a way that the beneficiaries also receive these same benefits.

Healthcare Professional Asset Protection

Sooner or later, healthcare professionals will likely face a lawsuit of some kind. Making sure your assets are protected in the event of a lawsuit is vital. Hart David Carson can assist with structuring trusts and other financial instruments to keep assets secure while also helping with HIPAA and other regulatory compliance. We can also represent you in the event of litigation, lawsuit, or other risks.

Real Estate Owner Asset Protection

If you own investment property, your real estate may be at risk in the event of litigation or a lawsuit. Keeping real estate secure requires the use of a number of strategies, including titling the property to a trust, using an LLC to mortgage the property, and having other entities manage it. Properly structuring all of these elements into a cohesive whole will require legal expertise in real estate, property transfers, and trust structuring, to name a few.

Domestic Asset Protection Trusts

When properly structured, a domestic asset protection trust (DAPT) can be instrumental in safeguarding assets against lawsuits. However, “properly structured” is the key. If it isn’t designed well, it can come under attack as a fraudulent transfer of assets. Therefore, assistance from a legal representative is vital to protecting your assets through a DAPT.

Legal Assistance

The expertise we possess at Hart David Carson has been highly instrumental in protecting the domestic assets of clients throughout the Chicago-Metro area. We can help with all aspects of asset protection, whether you are a healthcare provider seeking protection from unfounded malpractice claims or a business owner in need of a trust. Contact us today for a free consultation, and we’ll work with you to develop a domestic asset protection plan that will satisfy your needs.

Client Reviews
We have been working closely with HDC for about 4 years now, we trust them for our own legal work and for all of our clients. They have proven themselves to be dependable and hardworking. They have yet to let us down in any capacity. We are looking forward to growing this relationship for us and our clients. Azmi S. (Elmhurst, IL)
I have known the people and Hart David Carson for quite some time now and I can say, with a particularly high degree of confidence, that they are some of the most professional, courteous, and competent lawyers I have ever had the privilege to know. They are attentive, knowledgeable, and really take the time to provide a very personal experience. I would highly recommend anyone to avail themselves of their truly amazing legal services!! Brian N. (Chicago, IL)
These attorneys are the best! They are professional and driven individuals that are passionate about what they do. They listened and worked with me from beginning to end. I strongly encourage using them! You will not be disappointed! Shannon D. (Arlington Heights, IL)