Peck Ritchey, LLC understands the importance of providing for your family or business, in both life and death, as well as the importance of deciding who will control your assets. While making such an important decision is often difficult, our legal team offers compassionate, informed, and dedicated service. Peck Ritchey, LLC staff counsels clients with up-to-the-minute advice that will protect their assets during their lifetime and for their family thereafter.
Asset protection planning helps with the preservation of your wealth by restructuring your assets in a manner that minimizes the chance of loss in future lawsuits. The Chicago asset protection attorneys at Peck Ritchey, LLC can help set goals for your family or business in order to discourage lawsuits; encourage favorable settlements; place assets beyond the reach of creditors; maintain control of business interests and other assets; provide for support and income flow to family under all circumstances; avoid fraudulent conveyances; avoid probate; minimize taxes; and coordinate with an estate plan.
Why Do I Need a Lawyer?
Over the past few years, do-it-yourself asset protection plans have been increasing. The low cost makes the kits seem very enticing. But, without the knowledge of the complex legal minefield that is asset protection, you might be in trouble. These plans rarely work because people lack the information needed to create a valid plan. Asset protection has quirky nuances that can cause a great deal of damage if not assessed properly.
Beginning to tackle asset planning can be a complicated task. Trying to take precaution with your assets from creditors is a hassle. It is easy to make a mistake, and the legal consequences could be drastic. You may lose more than you anticipated. With a trusted lawyer at Peck Ritchey, LLC, we can help guide you through this daunting legal environment and put your assets beyond reach from creditors.
Why Choose Us?
There are, of course, many law firms to choose from. You want a firm that stands out from the crowd through its experience, results, and expertise. Does the firm have the experience required for asset planning? When your wealth, property, and support for your family is on the line, you need a trusted lawyer who can keep your assets safe.
For over 100 years, our experienced attorneys have been helping individuals and businesses protect their wealth, their property, and ultimately their family by guiding them through the process of asset planning. Our boutique law firm has been dedicated to serving the community. It’s our attorneys that make our firm successful. Kerry Peck, a partner of the firm and former president of the Chicago Bar Association, received the Justice John Paul Stevens Award; it is the Chicago Bar Association’s highest honor. We have earned a great reputation for ourselves because of our lawyers’ expertise in the complicated legal domain. Consistently, our attorneys have been named among Super Lawyers, Top 40 Under 40, and Leading Lawyers in Illinois.
Fraudulent Transfers
Contrary to what you may believe, you cannot just transfer your assets at any time. This includes transfers to your spouse, kids, or any other trusts set up. If a lawsuit has been filed against you or your business, transferring your assets is no longer an option. It doesn’t matter if your intent wasn’t to hinder or delay the case. Transfers must be done before the lawsuit is filed. If you were to transfer regardless, the court would find it fraudulent. This would greatly hurt your case because the court may set aside your assets for the benefit of the creditor.
There is some protection against fraudulent transfers. Creditors can’t benefit from just any transfer. Their claim must exist in order for the transfer to be deemed fraudulent. With an attorney by your side, these transfers can be a source of future protection from any claims that may arise. You need a lawyer who puts your future first. At Peck Ritchey, LLC, you are more than a client to us. We understand the stakes at risk. With our attorneys, you can have peace of mind knowing your asset protection plan to provide insurance against any future risks.
Does Asset Protection Work?
Unfortunately, there is no magic strategy to asset protection that will safeguard everything. Everyone’s assets are different. They vary by size and value. Similarly, everyone is facing different claims and the method for planning the protection will vary based on that factor. You need a lawyer with the expertise of the skills and tools needed to create a plan that works for you. You need a lawyer who can communicate with you the pros and cons of what plan they create. You need a lawyer at Peck Ritchey, LLC.
Insurance alone will not be able to protect you in all situations where your assets are at risk. An asset protection plan works because, no matter the claim, it will always cause significant hardships for the creditors. This means that you can settle your claim for less and rest easy knowing your assets are safe.
Our attorneys will help create stronger protections of your assets by the use of trusts, retirement plans, annuities, and even more. We ensure that our client’s asset protection is at the forefront of our guidance while always keeping their specific needs in mind, no matter how complex. We are a detail oriented firm, and it is our extensive legal experience make us one of the states top asset protection firms. We provide a free consultation to discuss a plan that works best for you. Let us protect what you have worked so hard to build up. Don’t let the absence of an asset protection plan cause you a tremendous loss.
Contact Us
Asset protection is a tricky, complicated, and daunting process. Peck Ritchey, LLC‘s attorneys give clients updated advice and guidance in order to properly protect the assets they worked so hard to achieve. Peck Ritchey, LLC has proven experience in effectively and legally protecting assets against litigation, frivolous taxes, and judgments.
The asset protection lawyers at Peck Ritchey, LLC are ready to create a legal strategy tailored to your needs. Your life’s achievement is valuable, and it deserves quality service to ensure it’s protected. Now is the best time for you to plan out your asset protection. In America, lawsuits are continually growing, meaning the risk you face is also growing. Having an asset protection strategy in place will prevent any further complications when someone is trying to take them from you. Don’t wait. Protect your assets today by contacting an attorney at Peck Ritchey, LLC at (312) 201-0900 for a free consultation