Effective Asset Protection Lawyers in Bellaire, TX
Nobody expects to be sued. Just ask the 20 million people involved in lawsuits last year.
The Consequences of Unpreparedness
Divorce, inheritance, health issues, creditors, employees, theft, changing markets, malpractice suits, sexual harassment claims, natural disasters and disgruntled business partners 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.
Increasing Concerns about Asset Protection
Americans are now more concerned than ever about protecting their assets from creditor claims, taxes, divorce and other disasters. Rightly so.
The more success you have (especially in business, professional practice or real estate activities), the more at risk you are as others see your success grow.
Assessing Your Risk
The more success you have (especially in business, professional practice, or real estate activities), the more at risk you are as others see your success grow.
Here’s some of the “risky behavior” you may be engaging in right now:
- Signing loan documents, a personal guaranty, or a lease
- Owning rental properties or employing others
- Working as an attorney or physician
- Engaging in construction or professional services
- Getting married with children from a prior marriage or separate property assets
Balancing Risk and Reward
Here’s the thing: all of these activities are activities we want to see you do more of! They are, in many ways, the spice of life. But we don’t want that spice to become too hot and impact your life negatively.
Maximizing Risk with Minimum Worry
That’s where we come in. We can set up your business and life structures to ensure that you can take maximum risk with minimum worry.
We assist our clients in determining the appropriate level of asset protection planning for their particular circumstances. We will consider insurance, prenuptial agreements, asset segregation, choice of jurisdiction, gifting, LLCs, partnerships, corporations, and asset protection trusts. Customized combinations are layered depending on the needs of the client and as appropriate.
Finding the Right Strategies – Contact a Bellaire, TX Asset Protection Attorney Today
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 for a Family Wealth Planning Session.
Related: Key Differences Between an Independent Administration and Dependent Administration