You’ve worked a lifetime accumulating assets and property, it is crucial that you take proactive measures to ensure that everything you have worked so hard to achieve is protected. Unforeseen circumstances, such as a lawsuit, a debilitating illness, or an attack from creditors, can quickly erase your lifetime of savings and assets. Fortunately, a skilled asset protection attorney in Orange County can help you safeguard your wealth and give you peace of mind.
At McFarlin LLP, we can work with you to evaluate your assets and develop a unique legal protection strategy best suited to your financial circumstances. To learn about your legal options, please do not hesitate to contact us today at (888) 728-0044. Your first consultation with us is free, where we will analyze your financial situation and recommend a course of action.
What is Asset Protection?
Asset protection is a legal structure that allows individuals and businesses to protect economic resources, such as savings, assets, investments, and property from claims made by creditors.
Some examples of tools used by asset protection attorneys include:
- Corporations and LLC’s
- Irrevocable and SPA Trusts
- Land Trusts
- Limited Partnerships
- Strategic Liens
- Other Entities (Foreign or Domestic)
The Irvine asset protection lawyers at McFarlin LLP can help you successfully shield your wealth and assets from outside parties, as well as ensure that your financial wishes are carried out in the event of your passing.
Why Do You Need Asset Protection?
Asset protection generally only works when the plan is put into place and assets are transferred before any type of potential liability event or lawsuit takes place. Asset protection after the fact often does not work well and may be subject to fraudulent transfer challenges by creditors.
Some common circumstances where asset protection can help:
- Lawsuits by creditors or former business partners
- Negligence or injury claims exceeding your insurance coverage
- Collection lawsuits
- Catastrophic medical bills
- Orderly distribution of assets at time of death
Far too often, unexpected circumstances can occur that may greatly impact your current and future financial security. That is why it is essential to establish an asset protection plan before the worst happens. Contacting a skilled and knowledgeable asset protection attorney today can secure your future financial wellbeing and a comfortable retirement free of worry.
Finding the Right Asset Protection Attorney
Whether you have a multi-million dollar estate or only a few assets, it is crucial to protect your assets against creditors and lawsuits. The Irvine asset protection attorneys at McFarlin LLP can develop the legal strategy you need to meet your goals and secure all that you’ve worked for. Contact us today to learn more about your legal options for asset protection; one of our knowledgeable asset protection attorneys will analyze your financial circumstances and recommend a course of action. Please call us at (888) 728-0044.