Asset Protection Lawyers in Astoria, NY

Providing Clients with Options for Protecting Their Wealth

Maybe money can’t buy happiness, but the loss of that money sure does create a lot of sadness and regret. Hard-working New Yorkers, family members, and business owners understand that it takes a long time to build up wealth and security that they can feel good about. But it takes remarkably little time at all for someone to lose that same amount of wealth, either by making flawed money decisions or after being sued by another party.

All that hard work—all the money that took you years to save—can be gone in a flash with just a little bit of bad luck.

Fortunately, there are ways to shield your assets, property, and wealth from creditors and lawsuits.

At Ortiz & Ortiz, LLP, our asset protection attorneys have years of experience serving clients throughout New York City, including those in the Astoria community. With our legal guidance, we can help you put effective asset protection measures in place to safeguard what you’ve worked so hard to build.

We offer strategic options such as gifting assets tax-free to beneficiaries or placing assets into various types of trusts, including irrevocable trusts, spendthrift trusts, offshore trusts, or special needs trusts.

If you’re located in Astoria and want to explore your options, we invite you to schedule a consultation with our legal team.

Who Could Potentially Sue You and Put Your Assets at Risk?

In addition to the risk of falling into debt and struggling to pay off what you owe, anyone could face a lawsuit—even if they believe they’ve done nothing wrong. A court judgment could result in the loss of much of your wealth.

Potential sources of legal action include:

  • Banks and lenders pursuing unpaid consumer debts
  • Business-related claims from customers, employees, or shareholders
  • Business partners who allege misconduct or breach of contract
  • Car accident victims seeking compensation for injuries
  • Divorcing spouses during asset division proceedings
  • Government agencies or healthcare providers seeking reimbursement
  • Any party that perceives they’ve been wronged or harmed

Unfortunately, the list of potential litigants is long. In the U.S.—a highly litigious country—having a plan to protect your assets is a wise precaution.

Do You Need to Hire the Services of an Asset Protection Attorney?

Asset protection—like other estate planning concerns—can be complex. Even one misstep can leave your assets exposed to creditors or lawsuits. That’s why it’s so important to work with a knowledgeable attorney.

At Ortiz & Ortiz, LLP, we help clients in Astoria and across NYC:

  • Identify and account for their assets
  • Distinguish between exempt and non-exempt property
  • Evaluate potential legal vulnerabilities
  • Select and implement the best asset protection strategy for their situation

A strong asset protection plan can even serve as a deterrent—signaling to would-be litigants that any potential recovery may not be worth the legal effort.

Should You Combine Your Estate Plan and Asset Protection?

Absolutely. Estate planning and asset protection often go hand in hand. When both are properly structured, you can protect your legacy during your lifetime and ease the burden on your heirs after your passing.

Is Asset Protection Legal in New York?

Yes, asset protection is entirely legal in the state of New York. While there are illegal strategies that bad actors may attempt, reputable law firms like Ortiz & Ortiz, LLP only use lawful methods recognized by the courts and the American Bar Association.

Speak with the Asset Protection Lawyers Serving Astoria, NY

Asset protection is an essential—but often overlooked—part of your financial planning. Without it, you or your business could be vulnerable to lawsuits, judgments, and financial losses.

Ortiz & Ortiz, LLP has proudly served clients across New York City, including those in Astoria, and we’re ready to help you protect what matters most.