Our business clients are seldom just businesses – they are people, families, whose ultimate motivators often have as much to do with love, duty, and gratitude as with profit and loss. They are justly proud of their success, but the ability to provide for their spouses, children, and grandchildren – as well as the causes and institutions they support – anchors their pride.
As headline-grabbing reports of jury verdicts proliferate, successful businesspeople often worry that they could lose everything to a rapacious plaintiff’s lawyer. Asset-protection trusts provide a useful bulwark against that type of attack. And even if a billion-dollar lawsuit is not a realistic possibility, there may be a risk that creditors or ex-spouses may appropriate assets meant to assure the future of a loved one. We guide clients through the often dizzying variety of choices in domestic and foreign trusts designed to put wealth beyond the reach of creditors.