Asset Protection and Trusts
Trusts are not one size fits all. The trust used for asset protection planning differs from one focused on asset distribution, or preserving assets for a Special Needs individual.
Asset Protection and Tax Planning
Protecting assets must include planning for tax efficiency. Creating an asset protection plan, only to lose a hefty percentage of those assets to taxes, defeats the purpose of asset protection.
Our firm uses complex and sophisticated tax planning to protect assets from tax liabilities in the short and long term. We are skilled in the tax and estate laws in Little Rock Arkansas and stay up to date on legislative and regulatory changes, which informs our client representation.
Asset Protection, Family Dynamics, and Business Relationships
Asset protection includes planning for internal family rifts or disputes with business partners or both. Our firm utilizes decades of experience with family and business disputes. Our clients’ wealth is simply too important to practice otherwise.
An asset protection plan often uses specialized trusts. There may be family members who are not capable or unwilling to manage significant assets. We understand that every client is different, and our firm customizes each asset protection plan to the family’s needs.
Asset Protection and Wealth Transfer
Protecting and administering family wealth works hand in hand with transferring wealth. Each estate plan must reflect the family’s values and overall objectives, and is customized to achieve several goals: reduce the taxable estate tax, enhance charitable giving, and facilitate wealth distribution.