Home About Us FAQ Publications & Press Speaking
Engagements
Links & Resources Contact Us
Corporations
Limited Liability Companies
Limited Liability Partnerships
Limited Partnerships
Asset Protection Trusts
Domestic Asset Protection Trusts
Equity Stripping
Financial Planning Exemption
Tenancy By The Entirety
Charging Order Protection
International Entities
International Trusts
Captive Insurance Companies
Business Entities
Contract Formation and Review
General Business Counsel
Business Succession Planning
Current Estate Plan Review
Drafting Wills and Trusts
Incapacity Planning
Probate Administration
Charitable Remainder Trusts
Online Asset Protection Quiz.

Should your Asset Protection Plan have multiple firewalls?

Each Asset Protection Plan is individualized and customized to a client’s specific needs. Your Asset Protection Plan may need only one firewall to well-shield an asset or it may require several. No matter how strong a particular firewall may be, there's some possibility that it can fail. We generally recommend that you 'layer' or use multiple firewalls. If one firewall fails; another stands. The challenge is to know which firewalls to use in a particular case, and when to add more firewalls. We want at least two firewalls to build a more solid plan.

You want to start with a cost-effective, simple plan, and then add firewalls as needed. Asset protection plans often evolve in stages. Having multiple or combined firewalls exponentially strengthens your plan. We have any number of specific protective firewalls, but we most commonly use these eight 'firewalls:' 1) federal and state exemptions, 2) co-ownerships, 3) corporations, 4) limited partnerships, 5) limited liability companies, 6) domestic trusts, 7) international entities, and 8) debt-shields (equity stripping). For example, we frequently combine or layer limited partnerships with international trusts, foreign LLCs and foreign self-protected investments to create one integrated, formidable four-layer firewall barrier. Each specific firewall has its own unique characteristics, strengths and weaknesses, advantages and disadvantages, applications and instances where they would or wouldn't be useful. Your perfect plan depends on your individual situation.

To find out how to best protect your assets, contact The Presser Law Firm, P.A. for a complimentary preliminary consultation.

The Presser Law Firm, P.A.
6199 N. Federal Highway, nationwide FL 33487
(561) 953-1050 or e-mail Info@AssetProtectionAttorneys.com
www.AssetProtectionAttorneys.com

The Presser Law Firm, P.A. - Asset Protection Attorney
Located at 6199 N. Federal Highway Boca Raton, FL 33487. View Map
Phone: (561) 953-1050
Website: