Estate Planning for Wealth Preservation in Naples, FL

You worked hard for what you’ve earned. You built a successful business, you established yourself in your field, or you built a career you can be proud of. Whatever the case may be, you have assets that you plan to use to fund your retirement and eventually pass down through your family, and they deserve to be protected.

Asset protection is an often-overlooked aspect of the estate planning process. While most people focus on making sure their estate plans reflect their final wishes, many omit the critical step of ensuring that their estate will remain intact at the time of their death. Even for individuals whose personal circumstances may be considered relatively low-risk, asset protection planning offers many advantages, and we work with our clients to implement asset protection strategies that are appropriately-tailored to their unique individual circumstances.

Tools and Strategies for Asset Protection

What do we mean by “asset protection planning”? Simply put, the more you own, the more you have to lose. As you accumulate wealth during your lifetime, and as you make plans to rely on your accumulated wealth to maintain (or enhance) your lifestyle and leave gifts to your children or other loved ones, it becomes increasingly important to protect what you own.

At Woods, Weidenmiller, Michetti & Rudnick, PLLC, we work with our clients to develop asset protection plans designed to mitigate or eliminate the risk of loss due to:

  • Personal creditor claims
  • Business debts and liabilities
  • Professional liability lawsuits
  • Personal injury lawsuits
  • Premises liability lawsuits
  • Divorce
  • Market fluctuations
  • Geopolitical instability
  • Changes in domestic or foreign law
  • Income or estate tax liability

There are a variety of tools and strategies available to address all of these issues. Our attorneys can help you choose the best options for your individual circumstances, and we can make sure that your asset protection plan facilitates (rather than frustrating) your estate plan as well. Some of the types of asset protection tools and strategies we use for our clients include:

  • Limited liability companies (LLCs)
  • Domestic asset protection trusts
  • Foreign asset protection trusts
  • Other revocable and irrevocable trusts
  • Asset diversification
  • Offshore and onshore holdings
  • Various forms of insurance coverage with appropriate policy limits

Whether your home or 401(k) is your primary asset or you have assets located across the country or around the world, our attorneys can structure an asset protection plan that meets your needs. We can recommend tools and strategies that are appropriate for your holdings and risk profile, and we can put together a comprehensive plan that will serve your needs for decades to come.

Contact Woods, Weidenmiller, Michetti & Rudnick, PLLC in Naples, FL

If you would like more information about our asset protection planning services, please contact us to schedule a confidential initial consultation with an attorney at our offices in Naples, FL. Call us at (239) 325-4070 to schedule an appointment, or send us your contact information and we will be in touch with you shortly.

Naples

Main Office

Vanderbilt Galleria
9045 Strada Stell Court
Fourth Floor
Naples, Florida 34109

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Old Naples

Downtown Office

370 12th Avenue South
#100
Naples, Florida 34102
 

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Bonita Springs

Estero Office

North Bay Village
26381 S. Tamiami Trail
Unit 136
Bonita Springs, Florida 34134

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