Asset Protection is the process of arranging your financial affairs in a manner which reduces the chances that your property could be lost due to a lawsuit.
Relative to some other states, Colorado gives very little protection to our residents in terms of homestead protection and other exempts assets. This is why many Colorado residents contact me to set up an Asset Protection Plan.
Through the use of various estate planning tools such as a Limited Liability Company, a Limited Partnership, and an Asset Protection Trust, I can greatly reduce the chances that a clients loses money because of a lawsuit.
If you are interested in learning more about how to protect yourself from lawsuits, please give me a call today.