Asset Protection
The Best Way to Protect Your Assets in Maitland and Newcastle
There are so many options when it comes to asset protection planning – it can feel a little overwhelming.
We believe that our job is to educate you on the different possibilities so that you can choose the options that best protect your assets with the circumstances you are facing.
Different Asset Protection Strategies for Different Circumstances
There are some pretty obvious differences you’ll immediately realise – the 95-year-old pensioner who only has $50,000 in assets would require a very different asset protection strategy from a couple who have ten million dollars worth of assets and three children, one of whom has special needs.
However, there are even deeper subtleties – the 95-year-old pensioner actually has an even more complex need due to the fact that actually, her only son had recently just gone bankrupt. The need to keep the family assets from being taken away by the government meant a much more strategic approach needed to be taken.
What Kind of Asset Protection Might You Need?
There is such a diverse and complex range of possible circumstances that could affect which asset protection strategies you choose to take up.
You may need family asset protection trusts, or maybe you need specific options using testamentary trusts in order to reduce unnecessary capital gains tax on selling investment shares.
There are some asset protection strategies that also have tax benefits.
This could, under certain circumstances, save you thousands of dollars in tax each year.
Some Happy Clients
Jennifer French
I think we have dealt with almost everyone in the practice with different legal matters over many years and will definitely continue to do so. Can’t recommend highly enough.
Helen Hodges
I highly recommend the team at Tranters, they are very knowledgeable, professional and friendly. I am extremely grateful for all the help and guidance I have received over the years, from helping me resolve delicate business issues to investment properties, updating Wills and Powers of Attorney. Of great importance to me is that the whole team at Tranters genuinely care about their clients and work hard to get the best possible outcome for them. They also serve great coffee.
Lachlan McPhee
I have been using Tranter Lawyers for a number of years now. They have helped me with every enquiry whether big or small. I will always recommend the team at Tranter Lawyers for any legal needs.
Tony Rolfe
“Melissa Simpson looked after our business purchase and as it involved a liquor licence, it was essential that our lawyer was experienced in more than contract law.
Melissa was fantastic and guided us confidently through a complex process of licensing and compliance procedures. On two occasions Melissa was not available when we needed a solicitor and Matthew and Gareth stepped in, gave us the advice we needed and all demonstrated what a competent, confident and friendly young team we have at Tranter Lawyers. I am thrilled to be able to commend them to anyone requiring expert legal services.”
Sue Fox
I would always recommend Tranter Lawyers. They are excellent service providers in their field.
S & M Bailey
Matthew and his team have provided excellent service to both my business and personal matter. Offering outstanding availability / contactability and knowledge. Matthew always delivers on his promises and his support staff are first class.
Get in Touch for Asset Protection in Maitland and Newcastle
It’s hard to know until we know your situation, so we urge you to pick up the phone and give us a call on (02) 4934 2600 or use the button below to discuss what your circumstances are and we will point you in the right direction.