Asset Protection Lawyers Sacramento
You have worked hard to accumulate assets and property, it is imporant to make sure these assets and properties are protected. Our Asset Protection Lawyers Sacramento are experienced in helping their clients protect their assets.
What is Asset Protection?
Asset protection consists of methods available to protect assets from liabilities arising elsewhere. It should not be confused with limiting liability, which concerns the ability to stop or constrain liability to the asset or activity from which it arises.Assets that are shielded from creditors by law are few (common examples include some home equity, certain retirement plans and interests in LLCs and limited partnerships (and even these are not always unreachable)).
Assets that are almost always unreachable are those to which one does not hold legal title. In many cases it is possible to vest legal title to personal assets in a trust, an agent or a nominee, while retaining all the control of the assets. The goal of asset protection is similar to bankruptcy, and the two practice areas go hand-in-hand which is why it is even more important when selecting an asset protection attorney to select one who has experience in bankruptcy as well. When a debtor has none to few assets, the bankruptcy route is preferable. When the debtor has significant assets, asset protection may be the solution.
Whether you consider yourself wealthy or lower or upper middle class, the fact is that you own valuable property that you want to keep. For that reason, it is well worth your time to meet with one of our qualified asset protection attorneys at the StoneCrest Law Firm to discuss protecting your assets.
Not surprisingly, since everyone has different assets, there is no “one size fits all” protection plan that will adequately safeguard your property from creditors. Rather, effective planning requires a proper fit between what you should protect and how you should protect it. The structure of an asset protection plan can be relatively simple or highly sophisticated, depending on such variables as:
- whether you are in a high-risk profession: one that is prone to lawsuits (such as stockbroker, doctor, financial planner, etc.)
- whether you have material (over $500,000) liquid assets or total assets over $1 million
- whether you are an owner or partner in a closely held business, and
- whether you are married or contemplating marriage.
An effective plan may incorporate several protection elements that address your needs. To begin the planning process, you will first need to identify your assets and which ones are most at risk or likely to be the focus of a lawsuit. You can read more about how we can help you with your asset protection needs.
Experienced Asset Protection Lawyers Sacramento
We are experienced Asset Protection Lawyers Sacramento. We have helped hundreds of individuals and families plan for the inevitable through estate planning techniques including the preparation of revocable and irrevocable living trusts, spendthrift trusts, special needs trusts, wills, powers of attorney for medical and business, living wills, medical directives, and guardianship provisions for minor children.
We are also experienced Sacramento probate and Sacramento trust administration attorneys and understand the difficulties of settling estates once your loved one has passed. Our estate planning attorneys are experienced and caring and will walk you through how to make and express some of the difficult decisions you need to make. You will have a great sense of relief and satisfaction once your estate planning documents have been finalized. Our Asset Protection Lawyers Sacramento can guide you with great legal advice and the strategy needed to get you the results you want. Contact us today to schedule your complimentary attorney consultation by clicking HERE or by calling 916-999-1376. We look forward to helping you with all of your Sacramento asset protection planning needs.
