Joshua Kaplan, Esq., a very young and dynamic law practitioner, has shared his views regarding the importance and benefits of systematic estate planning and onging asset protection for the future generations.
He states that Estate Planning and Asset Protection are two different things, however, the ideas and methods used are overlapping. That is why it is very important to consider asset protection while focusing on the family estate plan. Meaning, the initial and primary consideration for any family should be the Estate Plan, comprised of wills for husband and wife, living wills, healthcare proxies, powers of attorney, trusts, ets. Once the basic estate plan has been established the couples may move on to asset protection to solifify and improve their estate plan. Mr. Joshua Kaplan, owner of Kaplan Law Practice, LLC further explained about the to forms planning. According to him, the difference is that the former is concerned with distribution of assets among family or charities, while the latter deals with safeguarding assets against future lawsuits and creditors during one’s lifetime.
Property owners in NJ should consult an experienced Asset Protection Lawyer NJ to get the best advice and long term benefits, for tax exemption and much more. The legal advisers locally can give more contextual methods to protect assets and how you can manage your estate, increase profitability of you business, while your future progeny can reap benefits. The law firm of Kaplan Law Practice covers all of these aspects of asset protection and estate planning for locals in NJ and NYC. They offer services for drafting all types of wills, drafting of trusts and diligent planning of asset protection, creation of living wills, powers of attorney, health care proxies, tax planning and creditor litigation protection planning. They also work with you and your family to develop a comprehensive business continuity plan, so that if the family looses a loved one, they should not also loose their livelihood as well.
He states that Estate Planning and Asset Protection are two different things, however, the ideas and methods used are overlapping. That is why it is very important to consider asset protection while focusing on the family estate plan. Meaning, the initial and primary consideration for any family should be the Estate Plan, comprised of wills for husband and wife, living wills, healthcare proxies, powers of attorney, trusts, ets. Once the basic estate plan has been established the couples may move on to asset protection to solifify and improve their estate plan. Mr. Joshua Kaplan, owner of Kaplan Law Practice, LLC further explained about the to forms planning. According to him, the difference is that the former is concerned with distribution of assets among family or charities, while the latter deals with safeguarding assets against future lawsuits and creditors during one’s lifetime.
Property owners in NJ should consult an experienced Asset Protection Lawyer NJ to get the best advice and long term benefits, for tax exemption and much more. The legal advisers locally can give more contextual methods to protect assets and how you can manage your estate, increase profitability of you business, while your future progeny can reap benefits. The law firm of Kaplan Law Practice covers all of these aspects of asset protection and estate planning for locals in NJ and NYC. They offer services for drafting all types of wills, drafting of trusts and diligent planning of asset protection, creation of living wills, powers of attorney, health care proxies, tax planning and creditor litigation protection planning. They also work with you and your family to develop a comprehensive business continuity plan, so that if the family looses a loved one, they should not also loose their livelihood as well.
Great Post.Thanks for Sharing..Asset protection is must in protecting our bank accounts,wages and legal documents.asset protection lawyer
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