Asset Protection
Protect Your Assets, Preserve Your Legacy
What is Asset Protection?
Asset Protection is anything that can protect your assets from becoming part of a judgment or attachment by a creditor. This can be due to divorce, business failure, loan guaranties, personal injury, or civil lawsuit. Asset protection is typically implemented at ascending levels based on the circumstances. WCSS can help you implement strategies to protect what you have created.
Smart Planning Now Means Security for the Future
Why is Asset Protection Important?
Often, our clients are physicians, corporate officers, business and real estate owners who are exposed to liability with little knowledge of the extent of their exposure. If you have accumulated assets of value, you should consult with an attorney to fully understand your exposure and how to minimize or eliminate such exposure.
Your Assets, Secured
Our Role
Upon meeting with one of the experienced attorneys at WCSS, we will first inquire about what assets are involved, the nature of the concern, and to what extent the assets are exposed to liability. Liability exposure can vary from remote to high probability, depending on several factors, including the type of asset, how it is used, the owner’s profession, and the owner’s lifestyle.
Frequently Asked Questions
What makes up my estate?
Your estate includes everything you own—real estate, bank accounts, investments, retirement accounts, business interests, personal property, and even mineral or timber rights. For Arkansas landowners and business owners, this often includes farms, ranches, LLCs, and legacy assets that require careful planning to preserve generational wealth.
Is there a way to reduce taxes for my heirs?
Yes. We use strategies like irrevocable trusts, lifetime gifting, charitable planning, and special use valuation for agricultural property to reduce estate and inheritance taxes. Proper planning can preserve more wealth for your family.
When should I start making an agricultural estate plan?
Now. The earlier you start, the more options you have to reduce taxes, protect your land, and ensure a smooth transition. We help Arkansas farm and ranch families create succession plans that preserve operational continuity and family harmony.