ARIZONA ASSET PROTECTION
With the assistance of skilled attorneys, most assets can be protected. It is foolish not to take advantage of legal means to protect yourself. Arizona is one of the friendliest states for allowing you to protect your assets. However, asset protection does you no good unless you have properly developed a binding written asset protection plan.
Why Asset Protection?
Privacy: If you don’t want the public and everyone else to know about your personal financial dealings, then asset protection is for you. A knowledgeable attorney can assist you so that your financial dealings are not exposed to the rest of the world.
Protection in Case of an Accident
If you are involved in an accident, you are potentially risking everything you own — unless prior to the accident you have utilized the ways allowed by Arizona Statutes to protect yourself.
Reduce the Amount of Taxes Owed
Through the use of asset protection you can reduce or even eliminate the amount of taxes that are otherwise owed to the state and federal government.
Protection from a Bad Business Deal
By using a skilled attorney that is knowledgeable about asset protection, you can protect many of your assets from a business deal that later goes bad.
Protection from Overly Aggressive Creditors
Through the use of asset protection strategies that can be provided by a knowledgeable attorney, many of your assets can be protected from overly-aggressive creditors.
Protection When You Guarantee a Loan or Cosign
If you use an experienced attorney that is skilled in asset protection, you can reduce your exposure and potential liability when you are a guarantor or cosign a note.
Strategies Used with Asset Protection
There is no “one size fits all” for asset protection and needs for protection vary, so it is imperative to consult an experienced attorney who is knowledgeable about asset protection. Wayne Gardner can develop an asset protection plan that is unique for you and your needs.
Wayne Gardner, Attorney
Buntrock & Gardner Law, PLLC
Mesa, AZ 85203