Each business has unique needs and vulnerabilities. In an ever-changing economic landscape, businesses frequently encounter challenges that test their financial stability and operational viability.
Whether you're facing immediate financial pressures or proactively seeking to protect your business against future uncertainties, our team will guide you through every step.
We assist with:
- strategic business restructuring and asset protection strategies to safeguard your business and personal assets;
- informal turnaround strategies including negotiations with creditors to restructure debt and avoid insolvency;
- advice as to director’s duties and liabilities in the context of financial distress along with strategies to minimise personal exposure;
- utilising formal processes such as voluntary administration where necessary.
Our usual approach is to:
- provide a clear and transparent quote;
- develop a strategic plan based on your unique situation and objectives;
- work tirelessly to achieve your desired outcome; and
- regularly provide updates.
How Melbourne’s Asset Protection Lawyers Can Help Protect You and Your Finances
Our asset protection lawyers specialise in protecting the interests of businesses and individuals. People with high-paying professions such as doctors, dentists, accountants, and CEOs can be particularly vulnerable to lawsuits and should have a reliable legal team devising strategies to mitigate against financial losses. Responsibilities of an asset protection lawyer in Melbourne include: Read More
- Risk evaluation: Our solicitors begin by identifying potential risks, such as unsecured assets or high-stakes business transactions. They also evaluate the likelihood of future liabilities and the potential for lawsuits that could pose a threat to our clients' financial security and livelihood.
- Legal structuring: After identifying potential threats and risks, our team of solicitors takes steps to protect our clients’ wealth. This may involve placing assets securely into discretionary trusts, limited corporate entities, or not-for-profit companies. Additionally, they work to identify opportunities to maximise legal tax benefits while assets are in these structures.
- Estate planning: Lawyers for asset protection will draft wills that ensure your estate is distributed to your beneficiaries as intended and is protected from being used as collateral in lawsuits.
- Protection against lawsuits: Our solicitors will devise strategies to make assets less appealing or accessible to potential claimants. They might also recommend insurance schemes that clients can take advantage of to cover themselves in the event of a claim being taken out against them.
- Ensuring due diligence: Strategies to protect wealth must comply with state, national, and international laws. Our solicitors ensure that all methods of protecting assets are conducted through legitimate means while also guiding clients to meet their regulatory obligations correctly.
- Ongoing review and asset management: Our asset protection lawyers conduct regular reviews of the legal structures they establish to ensure ongoing compliance and performance.
How to Choose the Right Asset Protection Lawyer to Safeguard Your Wealth
When you have a lot of assets to safeguard against potential lawsuits and creditor claims, you need to ensure that you choose a lawyer with proven experience and expertise in this complex legal arena. We have put this guide together to help you choose the best lawyer to assist you with your situation.
- Seek out a specialist: Asset protection is a highly specialised field that demands expertise in legal structures, tax legislation, estate planning, and risk management. Our dedicated legal team possesses comprehensive knowledge in these areas and can provide tailored advice and guidance to effectively protect your wealth.
- Assess their communication techniques: It is essential that you understand the advice and steps your lawyer is taking to protect your wealth. Our team will explain legal terms in a clear and simple manner, answer your questions, and provide regular updates.
- Check their reputation and credentials: A positive reputation is a good indication of a lawyer’s professionalism, experience, and reliability. Check out online reviews, and get word-of-mouth recommendations from trusted colleagues, associates, friends, and family members. A lot of our business comes through word-of-mouth recommendations and our five-star Google reviews. One happy client wrote, “First-class advice, service, and communication. I have had the pleasure of working with Velocity Legal for many years across a range of challenging matters, and they never fail to impress.”
With the right legal team by your side, you can have peace of mind and know that your assets are secure.
Book a free 15-minute consultation to speak with our team at Velocity Legal and protect what matters most! Read Less
