Anaheim Hills Asset Protection Attorney
With over 100 years of combined legal experience, our team is highly qualified to provide legal services for your most difficult family circumstances.
Anaheim Hills Asset Protection Lawyer
Increased status in the state of California seems to be related to an increase in civil cases, and legal claims, issues with creditors, bankruptcy, or other events can affect your wealth. Ensuring that your savings, home, and investments are protected is incredibly important for you and your family. An unfortunate truth is that there are many threats to your assets, and litigation could take what you value away from you. Even if you’re careful, issues can come up and interfere with the life you’ve built.
Asset protection is a growing field in law, though it’s been used to protect families and their lifestyles for many years. You can consider seasoned asset protection lawyers and see how Anaheim Hills asset protection can help you in safeguarding your wealth and way of living. You’ve worked hard for the legacy you’ve built, and you should be able to keep it.
What Are Asset Protection Law and Asset Protection Planning?
Asset protection uses specific strategies to ensure that assets are not unfairly taken or treated by bankruptcy, legal cases, or creditors. It takes a qualified asset protection attorney in Orange County to discuss with you the most appropriate alternatives for your scenario. By protecting your assets and lifestyle from possible legal threats, you can be sure that your finances are safe, and your rights are preserved.
Your assets include many things from real estate property to investments, accounts, any expensive or large item, or a resource that you own which could produce further income or be entirely turned into cash. Despite it being a vital part of keeping your investments, many people don’t know much about this area of law.
Do I Need an Asset Protection Attorney in Orange County, California?
Asset protection laws are complicated, and to make matters more confusing, they’re always changing. If you’re unfamiliar with asset laws, navigating them can be extremely difficult. Without legal training, you may proceed inadequately or misunderstand the steps you must take for your assets’ protection, failing to safeguard your investments and property.
You don’t want to take that chance with your assets and the life your family depends on. An experienced asset protection attorney can work with you to help you understand the laws surrounding Anaheim Hills asset protection. They can show you how specific factors could impact your unique circumstances. This personalized approach can make the difference between your peace of mind and sustaining significant losses. It allows you the capability to fully protect your assets from creditors.
Our attorneys at DeArmey Law have a keen understanding of the tools available for asset protection, and our experience helps us know which legal strategies can work best for your situation. We can present these solutions as we identify how you and your assets may be vulnerable because we understand how important it is to you that your work and finances are protected now and for the future.
How DeArmey Law can be your Asset Protection Planning Lawyers
At DeArmey Law, we know how important a role estate planning plays in asset protection. Our qualified attorneys understand California state laws thoroughly as well as federal laws, and how they affect estate planning and asset protection planning. Our firm boasts over 100 years of combined legal experience, and we want to work to protect your family’s lifestyle and assets.
Because asset protection is a lesser-known part of the legal system, few firms offer it, and even fewer firms have the experience necessary to practice it fiercely. Our office has the skills to create a unique plan to secure your finances and property for you and your family.
How Do I Protect My Assets from Judgments in California?
Asset protection planning entails several strategies. A good plan should be a tailored combination of some of these methods, specialized to fit your needs.
- Trusts. In trusts, a trustor gives a trustee the ability to hold property or asset titles for the benefit of a third party. They present an option to keep your assets out of probate court, and in the hands of your family and future generations. This step is useful and necessary for those with significant assets.
- Liability insurance. In case of a legal claim, liability insurance helps limit the amount of money you would have to give, and it can be used for both professional and personal assets. It will not erase the money you would have to give up in a claim, but it does mitigate the amount.
- LLC, or Limited Liability Companies. This alternative works well for those who own a business. It protects your earnings and investments from that company in the case of being sued or dealing with creditors. Though an LLC does not protect every financial issue with your business, it does separate those assets from your personal assets.
- Retirement accounts. In certain circumstances, retirement accounts are protected from financial liabilities. By putting liquid assets into certain retirement accounts, you could protect them from several types of claims.
To personalize your asset protection plan, it’s best to discuss the details of your situation with a DeArmey Law attorney. There are other strategies for protecting your investments and properties, and every plan for asset protection is unique to perfectly fit your goals, circumstances, and needs.
How Do I Protect My Assets in Estate Planning?
Estate planning is a separate process from asset protection, as it focuses entirely on what will happen to your assets after you die. Asset protection is done while you’re alive. There are steps within it, such as trusts, that still work to protect your properties in the future. That distinction made, asset protection should still be part of the estate planning process. The safety and security of your assets throughout the administration and probate process is crucial.
Protect Your Future
We have a professional team that works to protect your assets, in immediate circumstances and for the future. Contact DeArmey Law today to see how we can create a personalized asset protection plan for you.
Anaheim Hills Practice Areas
Trusted by the Southern California Community for More Than 40 Years
With over 40 years of combined legal experience, our team is highly qualified to provide legal services for your most difficult family circumstances.