Every year in Australia, over 24,000 individuals face bankruptcy and around 8,000 businesses enter administration. Avoid becoming part of these statistics with a proactive asset protection strategy.
Life is unpredictable. Without the right safeguards, personal assets or business wealth can be at risk from relationship breakdowns, bankruptcy, commercial litigation and estate challenges. Don’t wait for problems to arise; the best time to protect your assets is now.
Establishing safeguards with a trusted asset protection lawyer can make a significant difference to your long-term financial security. By putting the right structures in place now, you can minimise exposure to future risks, maintain greater control over your assets and ensure your wealth is preserved for both your own benefit and for future generations.
At Turnbull Hill Lawyers, our experienced Wills & Estates team can assess your current structures, develop a risk profile and provide tailored advice on strategies to shield your wealth, support business succession planning and protect family assets.
Plan today to protect tomorrow
Keep your hard-earned assets secure with tailored legal guidance. Our team provides practical guidance on asset management and protection, helping prevent unexpected claims, losses or complications from tax obligations.
Whether through discretionary trusts, company structures or self-managed superannuation funds (SMSFs), we work with you to implement protective asset protection strategies tailored to your circumstances.
Protect your family’s financial future
An inheritance should be a gift, not a liability. Without careful planning, your legacy can be reduced by creditors, legal disputes or relationship breakdowns.
Through careful estate planning, our lawyers help secure your wealth for the people you care about, ensuring your family assets are preserved and enjoyed with maximum tax efficiency.
Prepare for business and stakeholder risks
Business asset protection is essential. While no strategy guarantees success, it can reduce losses if your business or stakeholders fail.
Turnbull Hill Lawyers works with businesses of all types to create resilient structures that shield assets. From trusts and companies to SMSFs, we review your entities to ensure they’re optimised for protection and maintain clear legal ownership.
We believe asset protection is as important as having business insurance, regardless of your industry or company size. Start safeguarding your future today.
Strategic business asset protection
Effective asset protection strategies are essential for safeguarding your business against a range of legal and financial risks. By implementing the right structures and planning ahead, you can reduce exposure, protect key assets and maintain greater control during challenging circumstances.
A well-considered asset protection plan can help mitigate risks associated with:
- Property division arising from family law disputes
- Creditor claims, including those governed by Australian bankruptcy laws
- Estate disputes and challenges that may impact business interests
- Commercial litigation and contractual disputes
Working with an experienced asset protection lawyer ensures your business structures are designed to withstand potential threats, while supporting long-term stability and growth.
Asset protection lawyers since 1969
Experience you can trust
For over 55 years, our experienced asset protection lawyers have been helping clients navigate legal complexities to protect their personal and business assets.
Practical legal guidance
We provide clear, practical advice that cuts through legal complexity and keeps you informed at every step. With a straightforward, transparent approach, you can confidently make decisions about your assets and your future.
Responsive support
Efficiency and clear communication are our priorities, ensuring urgent concerns are handled promptly so you can stay focused on what matters most. With timely, proactive solutions, you can feel confident your assets are well protected.
Proven results
For more than five decades, families and businesses across NSW have relied on Turnbull Hill Lawyers for trusted legal advice. Our team has earned a strong reputation for delivering effective outcomes with professionalism and integrity.
Tailored strategies
Every client’s situation is unique. We design customised solutions, from wills and discretionary trusts to binding financial agreements and business structures, based on your needs.
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.
Start protecting your assets today
Our estate planning solicitors across Newcastle, Maitland, Lake Macquarie, the Central Coast and Sydney can help you put the right strategies in place to safeguard your valuable assets for the future.
With tailored advice and a clear, practical approach, we work with you to protect your wealth and provide long-term security for you and your family.
Get started in 3 simple steps
If you need assistance with asset protection, contact our experienced lawyers today. We take the time to understand your circumstances and provide the dedicated care and attention your matter deserves.
Book a consultation
Call our friendly team on 1800 994 279 or contact us today.
Tell us your story
Your asset protection lawyer will take the time to understand your needs, providing clear, valuable advice to help you make confident decisions.
Receive the right support
Receive dependable support at every stage of the legal process, with solutions tailored to suit your financial circumstances.
Frequently asked questions
Asset protection is a legal approach to safeguarding your personal or business assets from potential threats such as financial insolvency, relationship breakdowns, legal disputes or estate challenges.
With the right structures, you can minimise the risk of claims or liabilities, take control of issues before they arise (i.e., bankruptcy) and secure your assets for the long term.
If you're a business owner, have property, investments or intellectual property, or work in a high-risk industry, an asset protection strategy is worth considering. It helps prevent exposure to creditors, legal claims or unforeseen financial risks.
Every day, individuals face risks to their assets (such as the family home) 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.
Establishing an asset protection strategy early can help safeguard your wealth before potential risks arise. These strategies are particularly valuable in situations such as:
- Financial challenges or business insolvency
- Lawsuits or legal actions against your business
- Breakdown of shareholder agreements, joint ventures or business partnerships
- Claims from creditors, divorce proceedings or personal bankruptcy
- Divorce or bankruptcy of your children, particularly if they are beneficiaries in your will
Being proactive with asset protection can be vital to avoiding significant legal and financial risks.
Waiting until a threat arises can leave you exposed, as Australian bankruptcy laws prevent transferring assets to defraud creditors and liquidators can reverse transactions up to five years prior. Planning ahead protects your assets from potential risk before problems occur.
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.
While professional indemnity insurance offers some protection, policies may not cover all claims or only protect up to a certain amount, leaving you personally liable for the excess. Reviewing your policies carefully ensures you understand coverage, exclusions and potential gaps.
Superannuation generally offers strong protection from creditors during bankruptcy, as funds are typically shielded up to a certain threshold. However, any amount above this limit may be at risk.
It's important to note that contributions made to your superannuation account could be reviewed under bankruptcy laws. If these contributions are deemed an attempt to avoid paying debts, they may be reclaimed by creditors.
Obtaining professional legal advice is essential to understand how to protect your superannuation effectively while remaining compliant with Australian law.
Discretionary trusts, testamentary trusts and other structures can protect assets from claims and provide tax efficiency. Our team can help you choose the right trust arrangement to align with your goals.
Liability limited by a scheme approved under Professional Standards Legislation