The laws of bankruptcy control the protection of assets in cases of business failure. So advance planning to protect family assets from being claimed by creditors, should a family business run into problems in the future, is a wise move.
The protection of assets is likely to be more effective if it is considered from the outset, rather than when there is a real risk of the family business running into problems. With early advice from our asset protection specialists, and the appropriate asset planning, the majority of challenges can be avoided.
For more information, please contact us.