Many people these days wonder about how did I get into this situation or how did I get sued? Was I in the wrong or was I in the right? According to EstatePlanning.com, roughly around 15 million civil cases are filed each year. This number can be cut down as long as you can protect yourself from getting into a civil lawsuit. Even though you may have asset protection to shield your possessions or intellectual property from being taken away, you still need to always have a backup plan to succeed and avoid civil court.
Here are some strategies that might be useful in order to figure out how to get yourself away from lawsuits.
- Buying Enough Insurance
- Consider Rethinking Your Marital Property
- Setting up a Business Entity or More
- Consider Establishing a Domestic Estate Protection Trust
- Sending Your Assets Offshore or Away
By following these strategies, you are more likely to be successful in the estate planning process and getting away from a lawsuit along with probate court!
Michelle Profit is an estate planning attorney serving Maryland and the District of Columbia. A Harvard Law School graduate, she has worked in the financial services industry for over 20 years. A dedicated advocate for all of her clients, Michelle Q. Profit personally handles each client case from start to finish to meet the client’s needs and objectives. Michelle listens in the consultation sessions and works with any other client accountants or financial planners to create a comprehensive estate plan.
Photo Courtesy: Mikhail Pavstyuk on Unsplash
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