Every American adult is a walking litigation target. Part of your birthright is that you may be sued at any time, for any reason, and for any amount. Sadly enough, the more money you have, the more tempting a litigation target you are.

Fortunately, Morris, Hall & Kinghorn can help you seize the opportunity to control that part of the equation you actually can control, and build a protective barrier around your family and business assets. Asset protection planning involves figuring out and applying a lawful series of techniques that protect your assets from claims of future creditors. The techniques are designed to deter potential creditors from going after you, and frustrate them if they do, generally by making it difficult or impossible for future creditors to grab hold of your assets or collect judgments against you.

In cases where significant sums are involved, asset protection planning often includes setting up a series of trusts, partnerships and/or off-shore entities to hold legal title to your assets. Your most powerful weapons in this fight will be a variety of estate planning tools, including the Family Limited Partnership, the Irrevocable Life Insurance Trust, the Children’s Trust, and Foreign Asset Protection Trusts. A future creditor who recognizes how difficult it would be to collect on any judgment it may win, might decide it makes little sense to pursue a claim, or be willing to settle for pennies on the dollar.