Raleigh Asset Protection Attorney
Protecting Legacies Through Asset Protection in The Triangle and Wake Forest Area
Asset protection planning involves strategically organizing your finances and property to safeguard your wealth from potential future creditors, lawsuits, judgments, and other financial threats. It involves taking proactive measures well in advance of any claim arising and structuring your assets in a way that makes them difficult for future creditors to reach while still allowing you to retain a degree of control or benefit. This proactive approach helps preserve your hard-earned wealth for yourself, your family, and future generations, offering a robust defense against unforeseen financial risks and maintaining your financial security.
Our estate planning attorney at NC Wills & Trusts offers sophisticated yet affordable asset protection services designed to shield your wealth from potential future liabilities. We are prepared to provide one-on-one guidance to people from all walks of life, including high-net-worth individuals and business owners, to develop customized asset protection strategies tailored to their unique needs and objectives. We can leverage legal tools like trusts, limited liability companies (LLCs), and various ownership structures to provide powerful protections and peace of mind.
Discuss your concerns and options with our Raleigh asset protection lawyer in a free consultation. Call (919) 759-6353 or contact us online to get started.
Legal Help With Local Roots
See What Sets NC Wills & Trusts Apart
We make affordable, dependable estate planning possible for families throughout North Carolina, helping you plan for the future with confidence. Explore some of the ways our personalized service can help you.
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Accessible Pricing
Estate planning should be accessible to everyone. Our flat fees are often one-third to one-half the cost of traditional firms—without sacrificing quality or care.
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Direct Attorney Access
Every client works directly with attorney Kevin Peach, ensuring personalized guidance and expert insight from start to finish—never passed off to support staff.
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Transparent Service
No hidden fees, no pressure tactics. We’re committed to making the process clear, simple, and easy to understand—so you can plan confidently.
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Rooted in Community
As a Raleigh native, Kevin Peach brings a local perspective, empowering clients through free webinars and educational resources.
Common Asset Protection Strategies
Various legal solutions can help create legal barriers between your assets and potential creditors, lawsuits, or judgments. The effectiveness of these tools depends on their proper implementation. Our asset protection lawyer understands how to enact asset protection strategies in adherence to all applicable local, state, and federal laws and can continue to provide personalized advice as your circumstances evolve.
While North Carolina does not recognize domestic asset protection trusts (DAPTs) – which allow the creator of the trust (the “trustor”) to also be a beneficiary while still protecting assets from creditors – irrevocable trusts can still be powerful tools for asset protection in the state. Once assets are transferred into an irrevocable trust, the trustor gives up control and ownership. This removes the assets from the trustor's taxable estate, offering significant estate tax benefits and, crucially, shielding them from future creditors and lawsuits. These trusts can be used for various purposes, including Medicaid planning, charitable giving, and special needs planning.
Forming a limited liability company (LLC) can also be an effective way to separate your personal assets from your business liabilities. If your business incurs debt or faces a lawsuit, only the assets held within the LLC are typically at risk, meaning your personal home, savings, and other personal property should be protected. This "limited liability shield" can prove important for business owners and investors, including those holding real estate, as it can isolate the liability of each property if held in separate LLCs. However, maintaining corporate formalities and avoiding commingling of personal and business funds is key to preventing creditors from "piercing the corporate veil" and reaching personal assets. We offer LLC formation services starting at $600, which includes the drafting of the entity’s operating agreement and bylaws and the obtaining of an employer identification number (EIN).
Is Asset Protection Planning Really Necessary?
In today's litigious society, anyone with significant assets or in certain professions faces potential financial risks. Unforeseen events like severe car accidents, business failures, malpractice claims, or even large medical bills can lead to substantial judgments that could wipe out a lifetime of savings. While insurance can provide a crucial first line of defense, it often has limits, or certain claims might not be covered.
You should consider exploring asset protection strategies well before any specific threat arises. It is typically too late to incorporate asset protection solutions after a threat to your estate appears. Once a lawsuit is imminent or a creditor is making demands, transferring assets can be viewed as a fraudulent transfer, which carries severe legal consequences.
Professionals in high-risk occupations, including doctors, lawyers, business owners, and real estate investors, can especially benefit from proactive asset protection planning. Our team at NC Wills & Trusts can review your circumstances and potential risk factors to advise whether asset protection is necessary - and if so, what measures are recommended – as part of your complimentary initial consultation.
Remember, asset protection strategies only work when implemented proactively, so don’t wait to call (919) 759-6353 or contact us online to discuss your options. We can meet with you virtually.
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"Extremely Grateful"
Kevin was so compassionate, kind, and had so much empathy for what our family was going through.- Kathleen M. -
"Informative and Diligent"
He is very diligent and I would recommend him to anyone in need of estate planning documents for their families.
- Brett E. -
"Easy to Work With"
Kevin Peach was so helpful and easy to work with. He was always available to answer questions and responded quickly to calls and emails. His services were professional and cost-effective. Thanks Kevin.
- Nancy H. -
"Personalized Service & Reasonable Fees"
We had a very positive experience with Kevin Peach. He was responsive, patient, and answered all our questions. Our documents were prepared with a quick turnaround time. NC Wills and Trusts offers personalized service paired with reasonable fees.- C.S. -
"Simple From Start to Finish"
Kevin made the process simple from start to finish and was always quick to respond to our questions. Highly recommend working with Kevin!- Robert C. -
"Helpful and Knowledgeable"
I would definitely recommend him based on my experience with our situation!- Barbara K. -
"Simple Process"
Kevin did a wonderful job answering all my questions and made the process simple and quick. Highly recommend using him when putting your trust and will together.
- S.S. -
"Very Responsive"
I highly recommend NC Wills and Trusts for your estate planning needs.
- Pamela B.