Experienced Asset Protection Services Near Bexley OH
Protect Your Assets With Asset Protection Services From Baxter & Borowicz Co. LPA
Here at Baxter & Borowicz, we have a few core values that we incorporate in every case: efficiency, value, and experience. When our clients contact us, we strive to always be direct and communicate clearly so that there's minimal confusion. Our lawyers create tailored legal strategies and documents to help meet your needs and protect your interests.
With more than 40 years of combined experience, each of our attorneys applies their practical and broad legal experience to creatively assist clients in the many different personal and business areas.
Asset Protection Attorneys Serving Bexley OH
At Baxter & Borowicz we understand that one of the most important aspects of your estate plan is financial planning in the interest of the protection of your assets from creditor claims and estate taxes. Our experienced estate planning attorneys provide more than just documents to our clients. We provide experience and strategy in protecting assets and families.
There are a number of different ways that you can protect your assets, including creating a family limited liability company (FLLC). In a typical FLLC, parents or grandparents will transfer real estate, publicly traded securities, an interest in a closely held business or some combination of these into a limited liability company. The transferors will typically retain a certain percentage of the company interests. At some point, other family members are given or sold membership interests either all at once or incrementally over a period of time. All parties are bound by an FLLC operating agreement, which defines everyone's responsibilities and interests as well as the ability to (or inability to) transfer their respective interests.
There are other ways to help protect your assets! An FLLC is not the only way to protect assets. There are simpler mechanisms that may be utilized depending on your needs. A spousal transfer of assets or an irrevocable trust may also be used to protect your wealth. Please contact us to arrange a consultation with one of our experienced lawyers to learn more about your options.
We Specialize In More Than Just Asset Protection!
Do you need to create an estate plan? Are you starting your own business? At Baxter & Borowicz Co. LPA, we find practical solutions for businesses and families throughout Ohio. For more than 40 years, we have assisted our clients in the following legal practice areas:
- In our elder law, Medicaid and VA planning practice, it is our goal to preserve your assets by creating a structure that allows you to be eligible for state and federal benefits while minimizing spending down your property.
Probate and trust administration If you have been named as an executor or trustee, we will guide you through the process and protect your interests.
Estate and trust planning When you retain our experienced attorneys to help develop an estate plan for you and your family, you are purchasing a plan that will effectively transition your wealth with the lowest costs possible to your family.