Legal term explanations for trusts

Protecting your riskier assets

If you can help it, you don’t want to end up co-owning liable assets like vehicles, planes or boats, because if they are involved in an accident you will be held liable as the owner, even if you weren’t operating the vehicle at the time. Even if they aren’t your most valuable assets, they can still cause you to be held personally liable.

Personal vehicles should be in the name of the primary driver, limiting liability to only the driver and no one else. Boats and planes should be titled to another entity like a Limited Liability Company.

If you need help protecting your most liable assets or are looking for an Asset Protection Attorney in or around Denver, Colorado, give us a call today.