At Culp Elliott & Carpenter, we design and implement effective and efficient wealth preservation plans. An individually designed and tailored wealth preservation plan is the foundation of everything we do for our clients. Many firms offer “asset protection planning” services as their primary service offering. We do not offer asset protection planning as a stand-alone service, but asset protection is a by-product of our integrated income tax, transfer tax, and estate planning services. At CEC we use proven wealth preservation strategies that are an integrated part of our estate and tax planning and result in effective asset protection for our clients including:

  • Sophisticated estate planning techniques
  • Use of trusts (both NC trusts and out-of-state trusts)
  • Implementation of limited liability companies and partnerships
  • Identifying and protecting exempt assets, as well as assets deemed at risk
  • Negotiating with creditors for favorable settlement terms at substantial discounts