Mission Viejo 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.
Mission Viejo Asset Protection Lawyer
When you’ve worked hard for the life you have, keeping those earnings and assets safe is important to you. You want the fruits of your career to help your family currently and for the years to come but it can be worryingly easy to lose what you’ve worked hard for. Complications like litigations and legal cases about bankruptcy or struggles with creditors are all common threats to your wealth.
The more assets you have, the more imperative it is that you protect them for your family and your way of living. By hiring asset protection lawyers to work with you on asset protection planning, you can ensure your finances and property stay legally in the right hands. Qualified Mission Viejo asset protection attorneys can expertly help you safeguard your investments and assets from legal claims.
DeArmey Law Can Keep Your Assets Safe
With over 100 years of combined experience, our firm has the experience and resources needed to protect your assets from harm. Because asset protection planning is still a growing field, not every firm has the skilled background to undertake the legal challenge it brings. DeArmey Law does. We’ve been protecting the investments, monetary assets, and properties of our clients for many years.
It’s important to you and your life that your legacy stays secure, and it’s important to us to use the right asset protection strategies to maintain your financial stability safe from legal action. Our seasoned attorneys can help you secure your present and future with trust administration, estate planning, and asset protection planning.
Why Do I Need Asset Protection?
As the need for asset protection in California grows, it’s become more common in branches of law. However, not many people know what it entails. An asset includes any high-value item you own, such as real estate and properties, investments, stocks, savings, accounts, and any other expensive or valuable item that can further generate wealth for you.
Asset protection is when you work with an asset protection attorney to detail a plan to keep those assets safe from legal claims. Legal cases, liability, and creditor disagreements can all bring loss to your assets. These legal issues have higher occurrences the more property or wealth you have. With proper legal protection, you can mitigate or eliminate the dangers of losing your assets in court.
What Does an Asset Protection Lawyer Do?
If you’re unfamiliar with the legal scope of asset protection planning, as many people are, you’ll find it a difficult area of law to navigate on your own. Though you may believe you have everything under control and understand all the necessary regulations, asset protection law is always changing, which further complicates the scene. Taking chances by completing asset protection planning on your own with incomplete understanding could lead to unexpected issues and disastrous results.
The intricacies of asset protection law are well understood by asset protection attorneys, and we want to work with you to keep your properties and finances safe. Our asset protection lawyers can detect vulnerabilities in your financial strategy, and we can offer advice on ways to keep them safe. Further, we can assist with estate planning, which helps protect your assets for your family after you’ve passed on. Professional estate planning attorneys can help prevent your assets from going through probate court, and instead, keep all your hard-earned assets in the hands of your beneficiaries.
Asset Protection Strategies We Employ
Every plan for asset protection is unique, and our attorneys at DeArmey Law want to work with you to understand your circumstance, goals, and instructions for asset protection. That way, we can develop a plan that suits your specifications and remains flexible for any future needs. The tools and methods available in asset protection planning are varied, and a strong plan uses a combination of such methods, tailored to you. Our strategy can include:
- Limited Liability Company (LLC). In the case of owning a business, an LLC will separate your personal and business assets. This helps should you face a legal claim against your business, as it protects your personal assets from being seized in litigation.
- Trusts. This method involves three parts: a trustor, a trustee, and a beneficiary. In trusts, the trustor allows the trustee to hold their property and/or asset titles for the beneficiary. This is also a method in which you can keep your assets out of probate court. This can ensure your chosen beneficiaries receive your assets as intact as possible.
- Liability insurance. If you are part of a legal case in the future, liability insurance can limit the amount of money you may be forced to give in such a case. This method of asset protection is a strong way to protect against legal action, and although it doesn’t eliminate the financial losses of a claim, it does effectively buffer them.
- Retirement account contributions. This can be an effective way to protect your assets from legal disputes, although it does make it difficult for you to access them. Our attorneys can help you determine if this is the best alternative for you.
International vs. Domestic Asset Protection Planning
These methods and strategies for asset protection are domestic. This means your finances and investments are protected within the country. The main difference between international and domestic asset protection planning is that international options for protection apply outside of US jurisdiction. It adds a significant layer of security and can make your assets nearly impossible to access by plaintiffs or creditors. Contrary to what most people believe, you don’t need to be extremely wealthy to integrate this modality of asset protection. Our lawyers can help you decide if this is a proper choice for your and your family wealth’s safeguarding.
Protecting your Assets with DeArmey Law
Our qualified team firmly believes in the importance of hard work and protecting the assets of such work. Contact DeArmey Law today to see what a personalized plan for asset protection might look like for you. Let us help you ensure that you keep your assets safe from harm and that they are available to your beneficiaries in the future.
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.