Newport Beach Asset Protection Attorneys
You have worked hard to build wealth during the course of your life and now you want to pass it to your family. At Velasco Law Group, we provide a broad range of legal services designed to help you pass your assets to your loved ones in an effective and efficient manner.
Contact the Velasco Law Group today to learn more about our tax and asset protection planning, including:
- Estate tax planning: When families have a large estate, the estate must be planned properly to eliminate or minimize exposure to estate taxes. There are sophisticated tools and techniques that can be used to pursue the objective of minimizing or eliminating estate taxes, including sales to an intentionally defective grantor trust (IDGT), irrevocable life insurance trusts (ILIT), qualified personal residence trusts (QPRT), grantor retained annuity trusts (GRAT) and charitable remainder trusts (CRT).
- Business structure: Our lawyers can help you set up a family limited partnership (FLP), limited liability company (LLC) or other corporate structure. Having the proper business structure can help you minimize exposure to business debts and liabilities and allow you to more effectively plan for the successful transfer of your business to the next generation.
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Asset protection for future generations: Through proper planning for the distribution of your assets upon your death, you can ensure that your children, grandchildren and other beneficiaries will be protected against divorce, judgment creditors, poor or imprudent financial decisions and future estate taxes.
- Other key asset protection measures: Asset protection is especially wise where clients hold investment properties, which can generate considerable liability to unwary owners. In addition, for those clients engaged in high-risk professions, our firm is well positioned to advise clients how to best protect their hard-earned assets from others.
Contact the Velasco Law Group
Our firm stands ready to advise clients regarding the best vehicles for their particular needs. To learn more about tax and asset protection planning, contact our law offices in Long Beach or Newport Beach, California. For assistance, call 562-912-2175 or contact us by e-mail.
