Protecting your assets is just as important as growing them. Just when you think you’ve got your finances well organized and secure, they can be threatened by creditors, judgments, divorce, and even claims from business associates. Planning in advance alongside our experienced professionals will protect your assets from these kinds of catastrophic loss.
At California Probate and Trust, we help clients to prevent legal problems and mistakes before they happen. Based in Sacramento, we serve clients statewide. If you’re looking for asset protection in California, contact our firm for a free consultation today. When discussing your situation, we’ll provide strategies tailored to your own circumstances and needs.
Asset protection prevents you from losing your assets if a person or entity files a claim or obtains a judgment against you. Few kinds of assets are off limits once a case goes to court – even if the claim is unjustified. Proper planning ahead of time safeguards against creditors and judgment holders.
Asset protection can serve as a single type of defense or as one component of a comprehensive estate plan created by California Probate and Trust. No matter your needs, our asset protection plan can protect your assets from unjustified claims from creditors, business associates, divorce, and more.
The asset protection process in California is as follows:
1. You select an attorney who is focused exclusively in this field. Protecting your own wealth and properties may seem straightforward, but even the slightest oversight or error can leave you unprotected when a legal issue arises. Your attorney will navigate the complexities and ensure your assets are safe.
2. Your attorney will consult with you to get a full picture of your assets and goals for them. There are a variety of tools and strategies available. You and your attorney will come up with a tailored plan based on the smartest moves and your level of comfort with them.
3. You and your attorney will implement the asset protection plan. It may involve transferring your assets to trusts, entities, or accounts that are protected from creditors.
It’s important to remember that the further you implement an asset protection plan in advance of a potential claim, the stronger the security will be.
Protecting your assets means rearranging and preserving them for yourself and for future generations of beneficiaries. To help protect your assets from creditors or judgment holders, you may need to change the ownership or location of them. The goal is to make as much of your wealth and properties unreachable as possible, while you can still benefit from them.
No plan is absolute, but working with the professionals at California Probate and Trust, can substantially limit the amount of your assets exposed to legal claims. Our firm always works within the confines of the law, and the strategies we implement are 100% legal.
When you consult with California Probate and Trust, we will discuss the assets and properties you want to safeguard. We will identify which assets are already protected by law and which are vulnerable to creditors, judgments, divorce, and claims from business associates, and more.
Your home, for example, may already have some degree of protection due to homestead exemptions. However, other assets do not fall under any exemption. Some of these assets include, but are not limited to:
The California asset protection attorneys at California Probate and Trust, can help you strategize for the most security possible.
Asset protection attorneys find ways for clients to legally shield their wealth and property from liabilities, divorce, creditor claims, bankruptcy, and lawsuits. If you live in California or have property there, a California asset protection attorney will understand the state laws surrounding your rights as well as trusts, taxes, probate, and more.
When you consult with California Probate and Trust, an experienced attorney will review with you which of your assets are at risk. Then, you’ll come up with a plan together that meets both your short and long term goals.
Some of your property and assets are at less of a risk of creditors, such as:
However, creditors may gain access to other property and assets, such as:
Business owners have more risks. The best thing to do is to consult with California Probate and Trust, to find out which of your assets could be up for grabs in the event of liabilities, divorce, creditor claims, bankruptcy, or a lawsuit. That way, you’ll be able to make an informed decision about whether you need asset protection.
Time is critical to properly protect your assets. At California Probate and Trust, we aim to fully understand your unique situation and goals, so we can help you move forward and achieve peace of mind. Call (916) 269-3158 or complete the form on this page to schedule a consultation. All information is confidential.
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