Professional Liability Insurance And The Role Of Attorneys Providing Asset Protection

An asset protection attorney is an attorney having expertise in helping clients discover legal ways to safeguard their assets in the face of creditor lawsuits, creditor harassment, or other potential liabilities. Such lawyers are familiar with various asset protection strategies like litigation financing, bank secrecy legislation, and alternative dispute resolution (ADR). They also have extensive experience in representing clients who were victims of fraud or any other injustice. They also know the importance of a sound asset protection strategy and how to respond to creditor threats. Browse this site listing about Chapel Hill Asset Protection Attorney

The professional services of an asset protection attorney can be availed by individuals, corporations, LLCs, or even associations. For instance, there are asset protection attorneys who operate a law firm that provides these services to its clients. In this kind of arrangement, the attorney has a variety of high-level clients who seek his advice on how to shield their valuable financial interests from potential liabilities. Other types of law firms that provide asset protection services include those that work in the real estate arena and those that offer services in handling the affairs of businesses.
One more important type of professionals who can help people to safeguard their resources is the tax evasion specialists. They conduct investigations on clients’ assets to detect potential evasion of tax obligations. Attorneys providing this service work under the direction of IRS agents. These agents, upon detecting possible tax evasion, can serve legal suits on the behalf of their client. This helps the clients avoid mounting taxes and penalties. It is very important to note that the role of such attorneys cannot be overemphasized because tax evasion is one of the major crimes that are committed in the U.S.

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Thomas-Walters, PLLC
1777 Fordham Blvd. Suite 101, Chapel Hill, North Carolina 27514
(984) 203-7703