Mansfield Asset Protection Lawyers

Midgley Law Associates has been representing generations of clients since 1987. Our Massachusetts asset protection attorneys provide personal service and in-depth knowledge with regard to protecting clients' assets and interests.

The two most important ways to protect assets:

1. Homestead protection
2. Use of trusts

Other asset protection plans include estate planning, long-term health care plans, and Medicaid and Medicare plans. Certain assets provide more protections, including 401(k)s or IRAs.

Financial Security and Creditors

Most clients seek our advice for asset protection when financial issues threaten their security, and they fear they may lose everything. That fear is usually unfounded. There are restrictions on what assets can be taken to pay creditors, especially if you plan before the problems arise.

If you have a lien against your house, you may protect your ownership of the house by filing for bankruptcy within 90 days. This will stop legal proceedings and give you the opportunity to remove the lien. However, after 90 days the lien holder becomes a secured creditor.

Corporations do not have any exemptions; they have to pay with some or all of their assets if necessary. However, corporations can provide protection for your personal assets

Exemptions and discharges will be denied when fraudulent activity is involved, i.e., purposely trying to avoid paying or intentionally hiding assets.

Contact Midgley Law Associates to schedule an appointment with a dedicated and knowledgeable Mansfield asset protection lawyer.