Proven Asset Protection Strategies

Wealth is always a target, whether it is the U.S. Treasury, creditors, business associates or relatives staking their claim. Snyder & Snyder maintains an active practice in the area of wealth preservation and asset protection.

Through the extensive experience of our attorneys, we assist business owners and high net worth individuals in recognizing, identifying and planning for the unique problems they face in preserving, maintaining and protecting their personal or family fortunes. Such problems may include estate liquidity issues and potential liability exposure, as well as business succession planning.

From our law office in Plano, Texas, we represent high net worth clients statewide, nationwide and internationally. Our familiarity with entity formation and business and real estate transactions, coupled with our extensive background in tax planning and tax litigation, enables clients to take a comprehensive approach to estate planning, tax planning and wealth preservation.

Preserving Hard-Won Gains Or Family Inheritance

Our ultimate goal is to assist every client in turning his or her personal fortune into multi-generational wealth; or for those who are already beneficiaries of such wealth to safeguard the estate for additional generations to come. With that goal in mind, the legal professionals at Snyder & Snyder will specifically tailor and implement a wealth preservation and asset protection plan that reflects your unique financial and family circumstances.

We are versed in multiple strategies to minimize taxation and/or isolate assets from creditors and investors, lawsuits and judgments, probate claims, divorce proceedings, business dissolution, bankruptcy and other threats. The remedies might include a combination of offshore trusts, spendthrift trusts, irrevocable life insurance trusts, lawful gifting or transfers, the foreign earned income exclusion, domestic asset protection trusts and other vehicles.

While we have the firm grasp of the law to be aggressive in shielding assets, we are careful to comply with IRS reporting requirements and avoid tactics that could be construed by the Department of Justice as tax evasion.

Asset Protection Through Charitable Works

As an adjunct to our wealth preservation practice, Snyder & Snyder also counsels affluent individuals with respect to philanthropic and charitable planning, whether such planning is purely for charitable purposes or as an integrated part of the client's estate plan. Our attorneys are familiar with virtually every aspect of philanthropic and charitable giving and the tax advantaged vehicles through which a client's philanthropic goals may be accomplished, including private family foundations, charitable remainder trusts, charitable lead trusts and other charitable transfer techniques.

For an in-depth discussion of options for your portfolio with our asset protection lawyer, call Reed Snyder at 972-702-9700 or contact us online.