Creating Sound Asset Protection Plans
Don’t fall into the trap of believing that nothing can be done about taxes, litigation threats and other costs associated with the preservation and allocation of property. Bateman & Bateman, P.C., in Clarksville advises Middle Tennessee clients on a full range of asset protection matters, including complex concerns relating to tax liability, inheritance and the handling of business interests.
Dedicated To Safeguarding Your Savings
Skillful planning can help you protect what you’ve accumulated over a lifetime and transfer those assets efficiently. With more than 80 years of combined experience, our attorneys have an extensive understanding of the options available for individuals, families and business leaders who want to safeguard what they’ve earned.
We Handle Your Tax, Trust, Estate And Litigation Concerns
Whether you’re looking to shield personal assets from a potential lawsuit or establish a program to maximize what you will leave to your heirs, our knowledgeable lawyers give strong, individualized guidance on matters such as:
- Trust and estate planning — Without an enforceable will, your property will be allocated according to the state’s intestacy laws. Our firm works with clients to make sure that their final instructions are valid and clear. We also advise on trusts, gifts and other instruments, such as joint accounts, to minimize the effort and expense associated with the probate process.
- Business succession — Whether a business owner dies or chooses to give up his or her interest in a company, complications can arise. After assessing your needs and obligations, we draft buy-sell agreements, trusts and succession plans that anticipate various contingencies and reduce the likelihood of disputes.
- Tax minimization — Shifting certain properties into trusts and other instruments could significantly limit your tax exposure. Our lawyers look for creative solutions within our complex federal and state tax laws. Though there is no longer an inheritance tax in Tennessee, you might need to examine whether potential federal estate tax liability exists. Assets such as real estate and business shares are sometimes overlooked, so it’s best to obtain a professional opinion.
- Litigation protection — Various legal structures exist to prevent personal assets from creditors and lawsuits, but without effective counsel, you might find yourself threatened by litigation or collections efforts. Before a problem arises, we’ll show you how to keep your assets safe.
Too often, people don’t realize how important asset protection plans are until it’s too late. Even if you’re not sure that a risk exists, we can evaluate your circumstances and help you make smart choices about how to proceed.
Contact Us To Schedule A Consultation
Bateman & Bateman, P.C., assists Tennessee clients with a wide array of legal asset protection methods, including the creation of wills and trusts. Please call 931-647-5959 or contact us online to set up a meeting at our Clarksville office.