Legal term explanations for trusts

Protecting your assets from attack

When such a claim occurs, it’s important to already have your assets properly classified. Our state’s current asset protection laws allow you to keep the following:

  • $60K in home equity, rising to $90K if you over sixty years old
  • $5K in vehicle equity – double this amount if you are married
  • $3K in household goods; $2K in jewelry and watches; $1.5K in clothing and the like

By avoiding becoming overly weighted in one area, the proper classification of your assets can maximize such exemptions. To help preserve your wealth from both creditors and predators, talk to an estate planning attorney about an Asset Protection Plan. Reach our Meurer Law Offices now by calling 303-991-3544…