If you have substantial financial assets or a high profile and worry about protecting your wealth from creditors or legal claims, you may have several legal options for shielding your assets from claims or losses. These options include setting up a domestic asset protection trust (DAPT), a specific type of trust designed to protect assets from legal claims.
Domestic asset protection trusts can also help individuals pass on their wealth to heirs and beneficiaries with minimal tax burdens and without spending considerable time and money on probate. However, establishing an effective domestic asset protection trust involves a complex process. It can be beneficial to work with a knowledgeable estate planning attorney to understand your legal options and ensure you have an enforceable DAPT.
We at Pennington Law, PLLC, work hard to provide tailored estate planning solutions to individuals and families in West Valley and throughout Arizona. Our attorneys want to help you secure your wealth and empower you to transfer your hard-earned assets at the appropriate time with minimal expense and effort.
Our dedication to excellent client service has earned our attorneys and our firm numerous awards, including Best Attorneys of America, Lawyers of Distinction, Elite Lawyers, and Best Probate Attorneys in Surprise, Peoria, and Goodyear. Our founding attorney, Andre L. Pennington, was an attorney in the U.S. Air Force, where he had invaluable training and experience in estate planning for servicemembers. As a veteran, Pennington knows the value of doing one’s duty and gives his total effort to obtain favorable client outcomes.
Contact Pennington Law, PLLC, today for a free initial case evaluation to learn more about Arizona domestic asset protection trusts. Our firm will take the time to understand your situation and needs and recommend estate planning tools that can help you protect your wealth and interests. Reach out to us today to speak with an experienced estate planning lawyer about the suitability of a DAPT for your goals.