Asset Protection Solicitors
Accumulating assets takes a lot of time and effort over the course of your lifetime, but this hard-earned wealth can be threatened by taxes, litigation or personal disputes. The asset protection solicitors at Gibson & Associates LLP are here to help you preserve your legacy for your loved ones by advising you on the best ways of sheltering your assets.
Our specialist asset protection solicitors will look at your situation and give you a tailor-made strategy to protect your estate, safeguarding it for you and your family for years to come. We have years of experience in helping people from all backgrounds to come up with asset protection strategies that suit their specific needs and circumstances.
We understand that asset protection planning can feel complex and stressful, which is why we will provide pragmatic advice every step of the way, giving you the peace of mind you need.
No matter where in Ireland you are based, Gibson & Associates LLP is here to help. Contact our asset protection solicitors to discuss your options by calling us now on +353 1 264 5555
Our Asset Protection Services
There are many ways to protect your assets, and your exact strategy will depend on your personal circumstances. At Gibson & Associates LLP, we recognise this, and are committed to providing the specialist advice you require.
Our solicitors are experts in asset protection strategies and laws, and can advise you on the following:
- Helping you assess any potential risks to the value of your assets
- Discussing your asset protection options, including family protection trusts and gifting, and determining which would best suit your situation
- Advising you on executing your asset protection strategy, including helping you set up a trust or restructure your will
- Assisting you in drafting any relevant documentation or official applications in a way that is legally thorough
Throughout this process, we will keep things as simple and straightforward as possible, and provide you with guidance at every stage. By working to understand your specific aims, we can help you come up with an asset protection plan that really works for you.
We have experience of working with a wide variety of individuals and organisations from across Ireland, the EU and overseas, meaning we have the expertise to handle your case with the professionalism and efficiency that you deserve.
Why protect your assets?
Your personal assets are acquired over an entire lifetime, and most people will be keen to ensure that as much of this wealth can be passed on to your loved ones as possible. However, there are a number of factors that could jeopardise this, including:
- Capital Acquisitions Tax upon your death
- The cost of long-term care fees
- Lawsuits and bankruptcies
- Incomplete wills failing to specify who should inherit an asset
- Money and assets leaving the family due to divorce
Unless you take specific action to strategically protect your assets against these risks, you could face a situation where your family is left out of pocket after you die.
At the same time, making too much of your wealth inaccessible during your lifetime can undermine your own quality of life, which is why it is important to seek professional advice on how to find the right balance.
What are the most common asset protection strategies?
There are numerous ways of ensuring your assets can be protected, depending on how much you are looking to safeguard, and for what purpose. Some of the most common methods include:
- Asset protection trusts – trusts allow you to set up a fund to shelter your assets, which can only be used and released under specific circumstances that you can determine. Family protection trusts can help you to ring-fence a portion of your wealth to support your family, for example, while property protection trusts are used to protect the capital value of a home
- Will writing – writing a comprehensive will can ensure that all of your assets pass to their intended recipients, rather than being left to the discretion of the executor or the state
- Gifting – lifetime gifting can be a way of passing on assets to loved ones and other beneficiaries while you are still alive, and can help to avoid tax issues if they are properly documented
Each of these solutions will have different pros and cons depending on your situation, so in order to determine the right strategy, it is best to get advice from an expert solicitor.
Meet the Team
What our clients say
Step 1 – We meet with you and obtain your instructions
This enables us to understand the nature of the litigation or dispute and a possible solution.
Step 2 – We request more copy documentation from you where relevant
This allows us to advise you in respect of the strengths and weaknesses of pursuing the dispute through the courts.
Step 3 – We issue a letter of advices
Once we have full instructions and copy documentation we are in a position to provide advices which outline the legal route map open to you.
Step 4 – We seek to resolve the matter without recourse to the Courts if possible
Step 5 – If necessary we will pursue litigation on your behalf
We will advise you in respect of each aspect of the litigation with a view to achieving a resolution for you as quickly as possible.
Gibson & Associates LLP is one of Ireland’s leading law firms. No matter your situation, our team will use their experience to make sure that you benefit from the best possible outcome.
We put our clients at the heart of everything we do and work tirelessly to get the best results.
We treat clients and each other the way we’d like to be treated and for us “good enough” just isn’t good enough!
We’re fast and responsive
When you make contact with our team, you’ll hear back from us within 3 hours or less – that’s our promise.
We use clear simple language
We don’t try to impress with “legalese” and jargon. We use clear, plain language.
We give you a dedicated point of contact
The person responsible for your case will never change. You’ll be assigned a dedicated point of contact who will take charge of your case from start to finish.
At Gibson & Associates LLP, we’re clear about our processes and transparent when it comes to costs.
Before progressing any case, we offer a no-obligation consultation with our client care team and will provide you with practical options.
Integrity and transparency are core to how we work with all of our clients and means we’ll always treat your case as if it was our own.
Why Choose Gibson & Associates LLP?
We are one of Ireland’s leading law firms dedicated to using our years of experience to make sure that you benefit from the best possible outcome. We will be by your side throughout the process, using clear, plain language to explain your options and the next steps you should take.
You and your circumstances are unique – your solicitor should be too. You will be assigned a dedicated point of contact who will take charge of your case from start to finish – this person will never change.
Our solicitors put their clients at the heart of everything they do and work tirelessly to get you the best results. We treat clients the way we would like to be treated – for us, ‘good enough’ just isn’t good enough! Call us now on +353 (0)1 264 5555.