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On this site, our law firm presents a detailed discussion on a range of asset protection strategies designed to shield and insulate our clients’ wealth from personal and business liability risks.
Our clients are physicians, corporate officers, business and real estate owners who wish to practice their business or profession without jeopardizing the assets they have accumulated over the years. A thoughtful, carefully tailored asset protection legal plan can generally accomplish this worthwhile result.
The latest version of our book “Asset Protection for Physicians and High-Risk Business Owners” is available for a free download and provides detailed discussion of key issues in asset protection planning.
Provided in this site are detailed examples, diagrams, real life case studies and the pros and cons of popular asset protection techniques such as the Family Limited Partnership, Limited Liability Companies, Family Savings Trusts , Offshore LLC’s, Offshore Trusts, Offshore Corporations, Privacy Plans, Private Retirement Plans, Equity Stripping techniques for Real Estate and Accounts Receivable and many other popular asset protection strategies.
ASSET PROTECTION NEWS – May 2013
Up to date asset protection and estate planning news and comments on the latest cases and legislation.
New State Laws Allow Residents to Shield Assets From Creditors
Protect Assets From Unexpected Medical Expenses
California Private Retirement Plans: Asset Protection Benefits
In the coming weeks and months we will be highlighting the pros and cons of the latest tax shelter techniques as they are developed in response to the new tax program for high earning individuals.
Key asset protection issues and solutions
How can I protect what I save from the risks of my business?
One often overlooked tool for asset protection is a Private Retirement Plan. California allows for the creation of a Private Retirement Plan, which is entirely exempt from judgments and bankruptcy. That is, retirement savings plans which are not IRS Qualified Plans, may be protected under state law if certain requirements are satisfied. Read more
I’m in good health but worry that an injury or illness might create medical bills that would wipe out everything I own. Is there a way to protect my home and savings from future medical expenses?
An issue of increasing importance in the legal community addresses the question of how to protect accumulated savings from medical expense related liability risks. Stated simply, a brief stay in the hospital can cost tens of thousands of dollars. A serious injury or illness lasting weeks or months has the potential to bankrupt all but the wealthiest hedge fund managers. Read more
I’ve heard about Piercing the Corporate Veil but does an LLC have the same vulnerability?
The purported protection of the LLC law is often and increasingly disregarded by the courts under a variety of legal theories leaving personal assets exposed and unprotected from business risks – exactly the result that the owner was attempting to avoid. Read more
