Asset Protection and Estate Planning
By OPLawSocialMedia on Real Estate
Roy Oppenheim of Oppenheim Law highlights the importance of proactive asset protection and estate planning strategies, emphasizing that understanding and preparing for potential crises can alleviate stress and uncertainty.
Hi, Roy Oppenheim for Oppenheim Law. I want to talk a little bit about asset protection planning here, and it’s kind of funny because people always come to us after there’s been some problem, whether it’s an insurance lapse, or a crisis, or a judgment, or a guarantee that they are facing. The time to do asset protection planning is when the coast is clear, and the sky is blue, and the ocean’s calm.
Having said that, sometimes life isn’t like that. Either way, we’ve been involved with representing folks for over 30 years. We’ve had all kinds of issues, and we can guide them and advise them in the area of asset protection planning and what they can do. And so, there are a number of strategies that are available. Some of it involves, obviously, some estate planning at times. And so, one of the things we do is like to talk to people and tell them what their options are, and what they’re facing, so that we can remove the stress and the unknown. Because a good part of the problem when people are facing certain types of crises is the unknown. And so, if we can help them identify what that unknown is, we can quantify it, qualify it, and give them assistance in trying to figure out how to navigate the waters.