You may think that divorces, lawsuits and bankruptcies will not happen to you. However, when they do, you need to make sure your assets, both business and personal, are protected. In some cases, having agreements in place prior to divorce can protect your assets from being divided in a divorce. Protecting your personal and business assets from lawsuits and bankruptcy can be far more challenging.
Protecting Assets from Creditors
While there are some exemptions from creditors for some assets under state law, it is important to carefully review all of your assets before you are facing a suit from a creditor. I can help ensure that you have the right legal tools in place to minimize your risk.
Protecting Assets from Lawsuits
Unfortunately, we live in a very litigious society and too often, consumers file suit against a business for a product defect or because of an accident on your property. Oftentimes, having the right insurance coverage can help protect your assets from these lawsuits. I can review your current business practices and your current insurance policies and help you decide if you need additional policies in place to protect your assets.
There are a number of ways to ensure your assets are protected from lawsuits, creditors, bankruptcy and even divorce. These tools range from proper insurance planning, written agreements, non-recourse clauses in contracts and offshore trusts when necessary.
Remember, none of us is exempt from the potential of a lawsuit because someone was injured on our property or harmed because of a product you sold. Contact Denton Law, L.L.C. at (720) 638-1605 and schedule an appointment to discuss your asset protection options for your business in Lawrence, Kansas and Northeast Kansas, including the Kansas City metropolitan area. I also provide these services in the Denver, Colorado metropolitan area and Grand County, Colorado.