What Does An Asset Protection Attorney Do?

Our legal system is a victim.  Just like many others, the legal industry has become profit focused.  Today lawyers are more “about” money than they are about doing good.  Lawyers are more interested in making money and attracting new clients than they are about making the world a better place in which to live by helping people solve their problems.  The evolution of the legal system can be traced the erosion of certain traditional tenets of the legal profession, but broadly speaking, the problem today is simply that there may very well be too many attorneys in practice, all of whom are hungry for their next payday or means of repaying student loans.

And guess how lawyers can most easily realize a “payday.”  Hint: It’s not by taking a salaried job for a non-profit human rights organization, as a prosecutor, public defender, or even as a highly paid corporate attorney for a large law firm.  The easiest way for attorneys to transfer wealth from those with assets to themselves is by taking on contingency fee cases.  Statistics demonstrate that the vast majority of cases settle prior to trial, which means that most attorneys who file aggressive lawsuits get paid without ever stepping foot in a courtroom!

The legal profession has morphed from one of honor and service to a profit-based industry seeking a transfer of wealth from people with assets.  Unfortunately, the actual practice of this sort of law is easier than shooting fish in a barrel.  So much so that success in the practice of law today is more closely related clever marketing aimed at “signing up” more clients than it is about providing high quality legal services and advice.  The result of changes in the legal profession over the last several decades is that YOUR assets are more at risk than ever!

So what does an asset protection attorney do? Before answering that question, it’s important that you know something about your asset protection attorney: He or she is an individual who chooses to stand up to and buck current trends in the legal profession that put hard earned wealth and assets at risk and subject them to the whims of aggressive plaintiffs’ lawyers.  An asset protection attorney is a person that looks beyond the normal conventions of “legal practice” and seeks the best protection for clients, even if that protection is in a foreign jurisdiction.  Most of all, asset protection attorneys are people who are frustrated with the system and seek to protect clients from that system.

Finally, asset protection attorneys work to understand the individual situations and needs of their clients and formulate plans, trusts, and business entities to meet those needs.  The value of having an asset protection attorney is that you have a professional who understands both your situation and the flaws within the legal system–a professional who has affirmatively decided to be in the minority and maintain the traditional tenets of the legal system by providing service and value to individuals who want to protect their hard earned assets.