Asset Protection Lawyer Chandler, AZ
Lawsuits are filed for any number of reasons. Some suits are filed because the actions of individuals or entities have harmed others. Some suits are filed because individuals or entities have broken laws and must generally be held accountable for those actions. And still, others are filed for reasons that are far less noble and/or straightforward. Because the U.S. legal system is imperfect, there are times when individuals, businesses and other entities are held financially responsible for reasons that are legitimate and sometimes for reasons that are illegitimate.
Just as Americans take out insurance policies in case they are visited by misfortune in the guises of auto accidents, house fires, certain business challenges, medical needs, flooding, etc. it is sometimes prudent to similarly prepare for the possibility that an individual or business will be financially held accountable in court as a result of either a legitimate or illegitimate lawsuit. Such preparation often includes the process of asset protection. Thankfully, a skilled Chandler, Arizona asset protection lawyer can guide you through this process successfully.
Because humans and businesses will inevitably make mistakes from time to time, it is not difficult to imagine that you or your business may one day face the challenge of becoming the subject of a potentially costly lawsuit tied to some unintentional wrongdoing. Also, because our legal system is imperfect, it is not difficult to imagine that you or your business could one day face the challenge of becoming the subject of a potentially costly illegitimate legal claim. Due to both of these possibilities, you should consider reaching out to an experienced Chandler, AZ asset protection lawyer to discuss the matter of asset protection. In the event that you and/or your business is ever held financially responsible as they result of legal action, you will benefit from the process of ensuring that your personal assets remain protected from the courts and/or creditors.
Asset protection is a process. There is no single legal tool that sums up the asset protection process, which is partially why it is helpful for individuals and businesses interested in protecting their assets from creditors and legal judgement to speak with a Chandler, AZ asset protection lawyer about their specific needs and expectations. The end goal of asset protection is limiting one’s liability. Not so that an individual or business may behave in illegal ways and get away with such actions but so that personal assets are well protected from liabilities occurring in specific contexts that may otherwise leave personal assets vulnerable to collection by the courts and/or creditors.
Legal Assistance Is Available
It is important to understand that the process of asset protection aims to insulate the personal assets of business owners and individuals in a legal, above-board manner. Legal “no-nos” like tax evasion and perjury are not part of the legal asset protection process as enacted by trustworthy Chandler, AZ asset protection lawyers. If you are interested in exploring the various legal tools and techniques involved in asset protection, please contact the legal team at Citadel Law Firm PLLC today. Consultations are confidential and do not obligate you to take legal action of any kind.