People sue each other more now. Even in the South and Midwest, people are increasingly willing to take each other to court. No matter how frivolous a lawsuit may appear, juries sometimes bring back large verdicts that are based on emotion more than law. None of us want everything we have worked for and saved to be exposed to the capriciousness of a jury that has no stake in the outcome. We also know that some of the people you love the most may need protection from themselves. They may lack the maturity to handle a large inheritance. They may be in an unstable marriage. They may have a drug or alcohol dependency.
All of this helps explain why, even in the South and Midwest, Asset Protection Planning is such a rapidly growing area of the law and why it is so important for you to have a plan expertly tailored to protect you and the people you care about. Asset Protection Planning is now an essential component of asset planning and asset management. This is particularly true if you are in a profession that is subject to an unusually high number of lawsuits or a high risk business.
At Wilson+Miller, our Arkansas asset protection lawyers provide the guidance that individuals, families and owners of closely-held companies need in understanding the risks they face. As Asset Protection attorneys, we then design an asset protection strategy to protect against those risks. Collectively, we have over 90 years of experience in all areas of asset protection law, and an extensive network of asset protection professionals worldwide.