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Estate Planning & Asset Protection

Your wealth has a great deal of value, not only for you, but for your family, your heirs, the government, creditors, employees, neighbors, disgruntled customers, and virtually anyone else who might see your assets as a worthy target. You need effective legal strategies to secure your wealth against the myriad of forces that would take it away from you, but making those strategies work is a complex process all on its own. To make sure it all works out properly, you need an attorney to help you.

Hart & David provides business owners, private clients, real estate investors, healthcare professionals, and others in the Chicago-Metro area with skilled asset protection and estate planning services. Our attorneys are committed to helping you secure your assets against heavy losses due to taxes, lawsuits, and other liabilities, whether you are a wealthy corporate business owner, a partner in a small LLC, or simply someone looking for a way to keep your personal savings secure.

Private Client Services

Investors, entrepreneurs, private business owners, and other private clients all benefit from our estate planning and asset protection services. Our lawyers can help you set up the asset protection plans, estate planning strategies, and investment management practices needed to ensure your wealth is kept where you need it—in your own pockets. It doesn’t matter whether you have a high net worth or not since our services are designed to meet your specific budget and financial needs.

Estate Planning

Making sure your estate is well managed and passed on to the right people after your passing is highly important, and it requires a great deal of legal expertise. Hart & David provides you with a full array of estate planning services to help you implement multiple strategies, including:

  • Executive succession planning: Making sure your business is in good hands is not only important to protecting your legacy, but it also helps ensure business continuity and security while you are alive. Executive succession planning takes a variety of factors into account, including planning for illness, executing training and advancement procedures, and dispute resolution, to name a few.

  • Charitable foundations and trusts: Charitable foundations must operate within the limits of governance standards and tax laws to be successful. Forming and funding foundations and trusts for charitable purposes requires a working knowledge of how federal and state regulations come into play.

  • Marital agreements: Divorces happen, and a marital agreement can help protect your assets and keep them in the family. Even if you don’t anticipate separating from a spouse, having a legal outline of what financial responsibilities you and your spouse have is still important.

  • Generation skipping and dynasty trust tax planning: There are a number of ways to prevent estate and gift taxes from eating away at your estate, and generation skipping is one of those. Dynasty trusts are also helpful as they allow wealth to be transferred from one generation to the next without incurring tax liabilities.

  • Revocable living trusts: A revocable living trust allows you to avoid probate costs while still retaining some control over your assets while you are alive. In essence, it’s a way of ensuring that your property makes it to your beneficiaries as intended while giving you the liberty to make changes to the trust.

  • Irrevocable trusts: Irrevocable trusts effectively remove property from your estate, decreasing its overall tax liability. Various types of irrevocable trusts can be used to avoid gift and estate taxes while securing assets against various risks.

  • Retirement benefit planning: It is vital to plan how retirement benefits and plans will work into your estate plan. Our attorneys can help you organize retirement benefits in a way that meshes well with your estate and asset protection planning.

  • Medicaid/Medicare trust planning: Medicaid benefits are available only to those who fall within a certain financial limit. Placing assets in a trust can help you qualify for Medicaid benefits as well as certain Medicare funding assistance plans.

  • Real estate trusts: Placing real estate in a trust is a complex process that must be well executed to be fully effective. However, if it is done correctly, it can protect your real estate against losses due to creditors or heavy estate taxes.

  • Will and powers of attorney planning: You want to make sure your will is perfectly clear and that power of attorney is given to someone you trust to carry out your wishes. Our attorneys can help you make sure these documents are legally efficacious and perfectly clear so as to avoid costly disputes.

To make sure each of these is properly taken care of and fitted into your estate plan, consult with one of our attorneys. Hart & David can assist you with the document drafting, trust structuring, succession planning, and other aspects involved in your estate planning strategy.

Asset Protection

In tandem with your estate planning strategies, which involve mostly mitigating the effects of taxes, asset protection is vital to keeping your wealth secure. At Hart & David, we provide you with a number of asset protection services, including:

  • Tax exempt and charitable planning
  • Assistance planning and structuring captive insurance companies
  • Domestic asset protection services, including setting up trusts and FLPs
  • Asset protection strategies for real estate owners and landlords
  • Asset protection strategies for high-risk professions, including healthcare professionals
  • International asset protection, including offshore trusts and corporate structures

In many cases, asset protection uses many of the elements involved in your estate plan, such as marital agreements and irrevocable trusts. These and other strategies can discourage lawsuits, ward off creditors, and keep your various assets and investments secure.

Asset Protection and Estate Planning Attorneys

Hart & David is Chicago’s resource for estate planning, asset protection, and other private client services. We are committed to providing you with a full range of legal services, including:

  • Trust structuring and planning
  • Document drafting
  • Partnership and corporate formation
  • Real estate asset protection
  • Legal advising and counseling
  • Representation in dispute resolution
  • Tax planning strategies
  • Estate planning strategies

Our services are tailored to your specific needs, allowing us to provide our legal assistance at a price that falls within your budget. We are proud to serve clients in Chicago and surrounding areas. To get started fulfilling your estate planning and asset protection needs, contact Hart & David today for a free consultation.

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)