In Australia, there are over 24,000 bankruptcies and 8,000 corporate administrations every year.
Avoid becoming one of these statistics with a reliable asset protection strategy.
Life is full of uncertainties, no matter how steady things may seem. Without the right asset protection strategy, you could lose your personal or business wealth to issues like relationship breakdowns, bankruptcy, commercial litigation, and estate challenges. Don’t wait for problems to arise.
Establish safeguards as soon as possible with Turnbull Hill Lawyers. Our Wills & Estates team can provide you with an initial appraisal to review your current structures, develop a risk profile, and provide you with written advice on appropriate asset protection and business succession strategies.

Shield your wealth within your lifetime
Enjoy the fruits of your labour with steps to safeguard what you’ve worked so hard to achieve. Our lawyers can equip you with practical legal guidance on asset management, and protecting your assets from unexpected risks or third-party claims during your lifetime.
Whether it’s through setting up family or discretionary trusts, structuring companies, or managing self-managed superannuation funds, we’ll work with you to build a strong, protective strategy for your assets.

Protect your beneficiaries’ inheritance
An inheritance should be a gift, not a burden. Unfortunately, without proper planning, it can be chipped away by unnecessary expenses or be put at risk of creditors or ex-spouses.
These losses can be avoided through careful estate planning, so that your legacy reaches the people you intend it to. Our lawyers will work to secure your wealth for your chosen beneficiaries, protect what you pass on, and help your loved ones enjoy tax efficiencies.

Prepare for business and stakeholder failure
Business asset protection is non-negotiable. While a robust strategy won’t guarantee success, it can reduce losses if your business or stakeholders fail.
Our team works with every type of business to create resilient structures that shield assets from common threats. We can review your current entities—including trusts, companies, and self-managed superannuation funds—to ensure they are optimised to protect your wealth.
We believe asset protection is as important as having business insurance, no matter your size or industry. Contact us now for future peace of mind.

Business asset protection
Asset protection strategies can help mitigate risks related to:
- Property division in family law disputes
- Creditor claims, with consideration for bankruptcy laws
- Estate disputes and challenges
- Commercial litigation
Asset protection lawyers since 1969
Experience you can depend on
Navigating legal complexities can feel daunting, especially when protecting your life’s earnings. For 55 years and counting, our experienced asset protection lawyers have been guiding individuals through intricate strategies with unparalleled professionalism.
Prompt support
We strive for efficiency and responsiveness at all times, addressing urgent concerns swiftly so you can focus on what truly matters. Enjoy peace of mind that your assets are protected with timely and proactive solutions.
Personalised advice
Asset protection is not one size fits all. That’s why we devise and action personalised strategies for all kinds of clients. Based on your circumstances, we may suggest a will, discretionary trust, binding financial agreement and/or certain business structures.
Practical guidance
We’re committed to providing practical, transparent advice that demystifies your legal options. With our straightforward approach, you’ll have the confidence to make informed decisions about your assets and future.
Proven track record
For over five decades, countless families and businesses have turned to us for reliable legal advice. As one of NSW’s most trusted asset protection law firms, we’ve built a reputation for delivering successful outcomes with integrity.
Upfront cost estimates
We believe in complete cost transparency. Our fixed-fee asset protection services eliminate unexpected expenses, offering a clear estimate customised to your situation from the outset.
Take the first step in asset protection
Our estate planning solicitors in Newcastle, Maitland, Lake Macquarie, Sydney and the Central Coast can help you safeguard assets into the future.
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What our clients say
They looked after me quite well I was quite pleased with their service.
Patrick Huolohan assisted in updating my estate planning with what was a very quick, simple and efficient process. Patrick was both professional and easy-going which ensured an anxiety-free experience. A modest investment to get the job done right and provide the family with certainty.
Over the last 3 years we were thrust into complex situations which required us to rely on your Wills and Estates team’s professional services. Your thorough and measured approach and communication assisted us to avoid the many cliffs we could have faced.
Congratulations. Bloody fantastic work on the Estate!
Warwick Gilbertson is an absolute professional in all he does. He is a wonderful man of competence and integrity and a warm and thoughtful human being. I have recommended Warwick to friends. Thanks.
Get started in 3 simple steps
If you need help with asset protection, get in touch with our skilled lawyers. We will give your case the care it deserves.
Book a consultation
Call our friendly team on 1800 994 279 or contact us today.
Tell us your story
Your wills lawyer will listen carefully to your needs so that we can empower you with invaluable legal advice.
Receive the right support
Gain reliable assistance at every stage of this legal process, whichever approach best suits your financial circumstances.
Frequently asked questions
Asset protection is a proactive legal approach to securing your personal or business assets against potential threats, such as financial insolvency, relationship breakdowns, legal disputes, or estate challenges.
By creating the right structures and ownership frameworks, asset protection reduces the risk of your wealth being exposed to claims or liabilities. It’s about taking control before issues such as bankruptcy arise, ensuring your assets are secure and protected for the long term.
Many people overlook the need to protect personal assets like their family home, undervaluing their worth. Others assume asset protection is only relevant for the wealthy, while business owners may mistakenly believe their assets—such as equipment and intellectual property—are automatically safeguarded, even though these are highly vulnerable to legal risks.
In reality, an asset protection strategy is worth considering if you:
- Own a home
- Hold investments
- Are self-employed or run a business
- Work in a high-risk industry, such as mining
- Possess valuable intellectual property
Every day individuals face risks to their assets that may not be immediately apparent. We can help you identify these risks, explain the potential consequences, and implement effective risk management strategies to minimise them.
Protection strategies can help safeguard your assets in situations such as:
- Financial challenges or business insolvency
- Lawsuits or legal actions against your business
- The breakdown of shareholder agreements, joint ventures, or business partnerships
- Claims from creditors, divorce proceedings, or personal bankruptcy
- The potential divorce or bankruptcy of your children, especially if they are named beneficiaries in your will
Being proactive with asset protection can be vital to avoiding significant legal and financial risks.
Firstly, waiting until a threat arises can leave you exposed, as Australian bankruptcy laws prevent transferring assets with the intent to defraud creditors. Liquidators and bankruptcy trustees have the authority to reverse certain transactions, sometimes up to five years prior. Establishing strategies well in advance ensures your assets are protected long before any potential risk emerges.
Proactivity also acts as a deterrent. When litigation lawyers assess whether to pursue a case, they often evaluate the defendant’s assets. If your assets are protected or appear inaccessible, the likelihood of being sued diminishes.
Moreover, while business insurance, such as professional indemnity, offers a layer of protection, it has limitations. Policies may not cover all claims or only protect up to a certain amount, leaving you personally liable for the excess. Insurance companies operate for profit, so it’s crucial to carefully review your policy, understand the coverage limits, and be aware of circumstances where claims may be denied.
Taking protective measures today can save you from significant challenges in the future. Let us help you put a strong asset protection plan in place.
Superannuation can provide significant protection from creditors during bankruptcy, as it is generally shielded up to a certain value threshold. Any amount exceeding this limit, however, may become accessible to creditors.
It's important to note that contributions made to your superannuation account could be scrutinised under bankruptcy laws. If these contributions are deemed an attempt to avoid paying debts, they may be reclaimed by creditors.
Seeking legal advice is crucial to understanding how to best safeguard your superannuation and comply with the relevant laws.
Various trusts can be utilised to safeguard assets. In particular, a discretionary testamentary trust is a common option to shield an inheritance from potential claims under family law.
Selecting the right type of trust and receiving tailored legal advice are essential to protect your assets effectively. This approach ensures the trust structure aligns with your unique needs and financial circumstances.
Our experienced lawyers can guide you in choosing the most suitable trust or estate planning strategy for your situation. Contact us to book a free phone consultation and start planning today.
Many individuals make errors or hold misconceptions about asset protection, which can lead to unnecessary risks. Missteps such as improperly structuring trusts or failing to seek sound tax and estate planning advice can expose personal assets and undermine financial security.
To avoid these pitfalls, it’s essential to consult a legal professional who can provide tailored advice specific to your personal and business needs. Our experienced team can guide you in creating a robust asset protection strategy that protects what matters most.