Individual Asset Protection Lawyer
More than one million lawsuits are filed each year in the state of California,
according to California Citizens Against Lawsuit Abuse. With such a high
number of cases, California is one of the most litigious states in the
nation. As an individual, you need to utilize methods of asset protection
to ensure that your finances and property are safeguarded throughout all
of life's legal challenges. At Barth Calderon LLP, our
asset protection attorneys in Orange can implement legally sound strategies to safeguard your assets and preserve
your financial well-being. We represent a variety of individuals who seek
to protect their wealth from people and circumstances that threaten to
siphon off their assets. Our goal is to help clients insulate their wealth
through the implementation of various strategies such as creating special
trusts and comprehensive financial plans.
Benefits of Asset Protection
The team at Barth Calderon LLP assists people with assessing options to
protect their assets; identifying potential threats they need to insulate
their assets against; and determining the best plan of action for a specific
individual or small business owner's concerns. Based on this type
of comprehensive evaluation, we can implement various strategies to successfully
protect your assets. Our firm's individualized approach enables us
to anticipate our clients' needs and serve their long-term interests.
We can help you organize your financial affairs to safeguard your assets
for situations pertaining to the following:
Spouses and Other Family Members
In the event of divorce, you will want to ensure that your assets are
protected from being taken by or distributed to your current spouse. Asset
protection, in this circumstance, must be accomplished prior to the start
of divorce proceedings. With careful planning and consideration before
marriage, you can obtain a prenuptial agreement to protect your assets.
If you are already married, you can obtain a postnuptial agreement to
serve the same purposes. Additionally, pre- and post-marital agreements
also enable individuals to protect assets on behalf of their future beneficiaries,
such as children from a previous marriage. Domestic asset protection trusts
can also clearly delineate each spouse's interests in regard to their
individual finances and assets and their community property.
If you are unable to pay your debts, your creditor can get a judgment
against you from the court. With such a judgment, liens can be placed
against your assets. There are various ways to legally protect your assets
from creditors, including the formation of a limited liability company,
family limited partnership, or an asset protection trust. If you have
properly established an asset protection strategy prior to being in default,
you can legally insulate certain assets from creditors' claims without
committing tax evasion.
Asset protection also can help you safeguard your finances and property
against lawsuits. Certain types of property can be protected in the case
of a lawsuit by arranging finances, real property, and other assets in
a way that reduces their vulnerability to litigation and court orders.
By implementing a unique strategy, we can help ensure that you maintain
your financial well-being and that your assets are not depleted by people
or companies suing you.
How Our Orange Individual Asset Protection Attorneys Can Help You
You likely do not expect to be sued, but this is a possibility for many
individuals, and therefore, you should take action to avoid financial
loss in the future. By allowing us to help you prepare a sound asset protection
plan for you, you can prevent loss of your personal property, inheritances,
and small business assets. We can help you structure your property and
finances through the creation of a financial plan, estate plan, and other
tools as part of a thorough strategy to protect your individual assets.
With professional guidance from our firm, you can implement defenses against
future lawsuits, divorces, and creditor actions. We can help you take
advantage of techniques that are available to protect your assets and
earnings. You must, however, take action at your earliest convenience
to ensure that you are prepared and ready for future legal battles or
other circumstances that you cannot predict. Fill out a
free case evaluation form for assistance with understanding what asset protection techniques are
appropriate for your situation. Contact Barth Calderon LLP today for effective
guidance through this process.