Asset Preservation Attorney in Monmouth County, NJ
An event beyond your control can threaten all you have built. At Margaret M. Mahon, Esq., LLC, clients benefit from our many years of experience. We create viable strategies to reduce risks and protect clients’ assets. We evaluate personal risks and circumstances and design a viable protection plan. If you would like to discuss your legal situation with an experienced asset preservation attorney, contact Margaret M. Mahon, Esq. LLC for a consultation.
Understanding asset protection laws in New Jersey
Doctors, lawyers, business owners and other professionals can benefit from creating an asset protection plan. However, it is also important for parents or grandparents who are transferring assets to their children or grandchildren. Our firm can help you employ the best tools for protecting your wealth while accomplishing your financial goals. New Jersey’s asset protection laws provide exemptions from creditors for:
- Life insurance
- Disability insurance
- 529 plans or educational IRAs
Our firm develops estate planning strategies to protect your property in the event of divorce, remarriage, lawsuits or financial abuse by a caregiver. Our experience significantly aids you in reducing your tax burden while you are alive and upon your death.
Asset protection planning can safeguard you against liability and insolvency
Whatever the size of your estate, asset protection is a necessary undertaking. For wealth preservation measures to be effective, however, action must be taken before you need the protection. Once you have been served with a lawsuit or a claim has been made against you, any transfer of assets may be challenged as fraudulent, making a bad situation worse. We can help you create a legal strategy for your individual circumstances that affords the most protection, including:
- Charitable foundations, private and public
- Charitable giving
- Gift programs
- Family business succession planning
- Family buy-sell agreements
- Family partnerships and limited liability companies
- Fraudulent transfer analysis
- Income tax planning, federal and state
- Offshore trust planning
- Probate and trust administration
- Postmortem planning
- Retirement planning
Whether your primary asset is real estate or your retirement fund, now is the time to seek advice from an established and respected wealth preservation attorney. With more than 20 years of experience practicing elder law and estate planning, our firm has a thorough understanding of how to help predict liability and insolvency risks and can take effective preventative actions to shield you from negative consequences.
Contact an asset protection lawyer for a free 30-minute consultation
If you are ready to take action to preserve your wealth, contact Margaret M. Mahon, Esq., LLC.