Orange County Asset Protection Planning
Nobody Expects to Be Sued
Just ask the 20 million people involved in lawsuits last year.
Divorce, inheritance, health issues, creditors, employee disputes, theft, changing markets, malpractice suits, sexual harassment claims, natural disasters and disgruntled business partners – these are just a few issues that can result in devastating lawsuits for unprepared business owners.
The highest level of risk falls on those who think they are immune.
Americans are now more concerned than ever about protecting their assets from creditor claims, taxes, divorce and other disasters. And rightly so.
Liability can arise in any number of ways including:
- Personal injury, such as a car accident or a slip-and-fall at your home, business or rental property
- Personal debts or Business debts
- Rental property tenant claims
- Error or malpractice resulting from professional services
- Liability as an officer, director, board member or partner
- Guarantee of a debt of another person or entity
Asset protection planning is not achieved by any one specific strategy. Nor is there a “one-size-fits-all” solution. The strategies that are right for protecting your assets can be achieved once we assess the type of assets you own, your specific risk factors, and the level of protection you desire.
We assist our clients in determining the appropriate level of asset protection planning for their particular circumstances. We will consider insurance, prenuptial agreements, LLCs, corporations, gifting, asset segregation, and asset protection trusts. Custom combinations of strategies may be layered depending on the needs of the client and as appropriate.
Proper Planning Can Protect You and Your Beneficiaries
Proper advance planning with smart asset ownership structures can help place a strong defensive shield around your assets that may discourage those who consider suing you and also give you leverage in settling matters.
There are many different strategies to accomplish the protection of your assets while you are alive and after you are gone.
To find out which strategies may be right for you, Contact Us or Book a Call to discuss your specific needs and next best steps. If you need find an estate planning attorneys in Orange County, you are on the right way.