How Asset Protection Strategies Can Help Deter Lawsuits

We live in a litigious society.

Some people will initiate lawsuits over the most trivial things. And, the truth is, you simply never know when you may be the target of a lawsuit be it justified or unjustified.

There are people who troll businesses large and small, as well as individuals to determine whether they are worth suing, meaning, do they have deep pockets. These litigious people will then claim that something in the product the company offers made them sick or had been contaminated in some way or otherwise create a reason to initiate a lawsuit. Unfortunately, there are also less than reputable attorneys who will work with these people.

Using Privacy And Asset Protection Strategies

Let’s face it, lawsuits are expensive, whether you win or lose and if you can avoid one, you save huge sums of money on legal fees before your assets are even at risk. Being able to ward off a lawsuit is a form of security.

Privacy is a powerful tool for asset protection and acts as a first line of defense. Privacy tools include putting real estate, automobiles and other valuables in various trusts which are not open to public viewing. If an investigating party cannot find any assets tied to your name and it appears that you do not have any, you may not be considered worth pursuing in a lawsuit. Contingent legal teams are not inclined to pursue an entity or individual with little or no assets to use in a settlement. This is a deterring factor that can start to slow down a legal opponent.

However, if the person initiating the lawsuit knows you have assets even though they cannot find them with simple searches and still pursues you, you need to have an asset protection plan in place.

How does this avoid lawsuits?

Your opponent will see that if they win and get a judgment against you they get nothing. As a result many lawsuits are dropped. Even in the event a lawsuit is followed through to the end, with your assets securely protected in the proper legal tools, you can weather the storm with your wealth intact.

Looking to find an experienced estate lawyer in the Georgia area who is skilled in asset protection and estate plan preparation? Shannon Pawley is an attorney in Georgia with expertise in estate planning and asset protection. Shannon can provide assistance with creating an estate plan to include making a will and how to establish a trust properly. If you have questions about asset protection or questions about making an estate plan, reach out to Shannon and she will be glad to help answer all the estate planning questions you might have!

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My father and I recently used the estate, an asset protection, law, firm for new wheels, new, power of attorney’s, and a creation of a trust. Brooke and her entire team could not have been more helpful and more professional! We loved working with them, and they took everything seriously therefore I didn’t have to worry about a thing. I highly recommend everyone at the law firm.

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Shannon provided invaluable information regarding a family estate matter. Although her firm did not quite fit our immediate needs, the consultation was informative and extremely HELPFUL! Shannon clearly explained what our next steps should be and offered to assist if we had any questions along the way. Her expertise and willingness to help puts her in a league of her own!

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02:01 23 Jan 23

Shannon and everyone at The Estate and Asset Protection Law Firm are professional, very knowledgeable, and a pleasure to work with. They answered all our questions in great detail and the plan they developed for us is exactly what we need to protect our assets and estate as we age especially with my husband's health issues.

Lynn McKibbin-Moore

23:09 24 Feb 22

My husband has dementia. This firm has been patient, kind and professional while we went through a move from a house of 37 years in to a condo to be closer to my daughter and her husband. (Miami to Atlanta). There was also a wedding. All in 6 months.We now have a trust, power of attorney. Wills for my daughter and her husband and more. All at a fair price. I could not recommend higher.

Tammy Lee

22:03 29 Jan 22

Shannon Pawley and her team are exceptional at helping families navigate tough situations. We began working with her upon finding out my father had Stage 4 kidney cancer. His decline was more rapid than expected.Attorney Pawley and her entire team expedited paperwork that allowed me to focus on my father’s care, make decisions that suddenly needed to be made for him medically and financially, and has allowed me the ability to focus more on grieving and less on legal matters upon his passing.It is obvious she is knowledgeable about the best ways to navigate estates to protect the assets for the owners and their loved ones. It is just as obvious that she is passionate and has true heart for what her clients go through.We will be using her for own estate needs, and I recommend her expertise to everybody I can.This service is worth every penny we paid as it has saved us more money and time than I could imagine.

H Jessie Brewer

18:26 18 Nov 21

Attorney Shannon Pawley and paralegal Alexis McCoy are legal professionals that my wife and I highly recommend. Their grasp of the Georgia law pertaining to Medicaid assistance and the interworking's of the State department is exceptional. Additionally, their client-attorney relationship skills are excellent. We wouldn't hesitate to use this law firm again should the need arise.

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15:06 13 Nov 21

Shannon and her team are the best! They listened to my needs and provided the best advice. They are patient and professional as well as personable, they didn't make me feel like I was just another client. Highly recommend!