Quality Asset Protection Lawyer Services In Westland OH
Baxter & Borowicz Can Help You With Asset Protection Lawyer Services Today!
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 attorneys create tailored legal strategies and documents to help meet your needs and protect your interests.
We take the time and the energy to focus on you. We bring a practical perspective to all issues, and we find strategies that are effective for you, your family and your business.
Asset Protection Attorneys Serving Westland 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 Practice 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:
Business succession planning We assist our family-business clients in creating a business succession plan that promotes family harmony and business security.
Probate and trust litigation We provide compassionate, diligent and assertive representation to clients who are going through a will contest or other litigation matter in regard to a loved one's estate or trust.
Tax minimization and strategic planning We provide our clients with tax minimization and strategic planning advice regarding their estate plans and their business interests.