Asset Protection Planning Attorney in Omaha

Guarding Assets from Creditor Claims

Asset protection planning is an important element of estate planning for anyone who wants to guard their assets, business, and other properties from creditors, bankruptcy, litigation, and other forms of loss. While anyone can benefit from this type of planning, asset protection planning is especially valuable for business owners and professionals, as well as those with significant assets.

At Carlson & Blakeman, LLP, we provide comprehensive individual and business asset protection planning services in Omaha. Our attorneys have extensive experience in all aspects of estate planning and can provide the personalized, attentive counsel you need. We recognize that every situation is unique, which is why we tailor our services to meet the individual concerns and goals of our clients.

Reach out to us today to learn how our attorneys can assist you with your asset protection goals. Call (402) 858-0996 or submit an online contact form to get started.

What Is Asset Protection Planning?

Asset protection planning is the process of legally guarding assets—such as real properties, businesses, income, etc.—from various forms of loss. Essentially, asset protection planning allows you to take steps now to protect your assets in the future.

While everyone’s needs are different, there are several primary goals of asset protection planning:

• Exempting Assets: In Nebraska, there are several ways to exempt specific assets from creditors. These include the homestead exemption, life insurance and annuities exemption, and others.
• Reducing Taxes: Proper asset protection planning can also help reduce or eliminate inheritance and/or estate taxes, both of which can have many negative effects on individuals and families.
• Limiting Liability: For business owners, sole proprietors, and entrepreneurs, limiting liability and managing risk are significant concerns.

Taking important steps now can help ensure that your assets, your business, and even your livelihood are all legally protected from creditor claims, while also limiting your liability and ensuring the continued protection of your assets after you pass.

Who Needs Asset Protection?

As a general rule, anyone can benefit from asset protection. No one is immune from risk or loss, including litigation, bankruptcy, or creditor claims. However, in some cases, asset protection may be more prudent for certain individuals.

People who may benefit most from asset protection include:

• High net-worth individuals
• Those in high-liability professions
• Business owners
• Sole proprietors
• Entrepreneurs
• Retirees
• Individuals with significant debt
• People facing possible government liability

At Carlson & Blakeman, LLP, our Omaha asset protection planning attorneys can sit down with you to discuss the specific details of your situation and determine whether you may benefit from asset protection. We are happy to answer any questions you may have and provide clear, honest counsel and advice based on years of professional legal experience.