ASSET PROTECTION

Texas Asset Protection Attorney Serving Dallas/Fort Worth

 

Asset Protection includes legal and financial strategies used to secure your individual and business assets. We provide legal solutions to protect your personal and business assets from creditors, lawsuits, excess tax liabilities, and other judicial proceedings.

We spend a tremendous amount of time and effort on accumulating assets and building our fortunes, but we spend very little time learning how to protect those assets. That’s where a Dallas asset protection attorney comes in to help you understand how to legally protect your assets. 

Our Attorney at Law, Matthew G. Messerli, can assist you in developing a comprehensive plan to protect your personal and business assets from creditors, divorce, lawsuits, and liability. 

Why You Need to Protect Your Assets

While creditors may not be able to make claims against your home, life insurance proceeds, and certain other assets, you could lose business interests, a second home, stocks, bonds, and many other assets if they are not properly protected. 

It is essential to work with an experienced asset protection attorney who will conduct a thorough evaluation of your personal and business assets to determine which of them need protection. Your attorney will help you take measures to protect your assets from creditors and the risk of loss in litigation. 

How an Attorney Can Help You Protect Your Assets

The specific plan for protecting assets depends on the size and types of your assets and the circumstances requiring asset protection. After analyzing your particular situation, a Dallas asset protection attorney may implement one (or several) of the following strategies to shield your assets from various financial risks:

  • Family Limited Partnerships (FLPs) and Limited Liability Corporations (LLCs). Texas law limits creditors’ right to make claims against and seize assets held in an FLP or LLC. 

  • Inherited individual retirement accounts (IRAs). While creditors cannot file claims against your individual retirement account, they may be able to go after accounts inherited by your beneficiaries. In that case, your attorney may advise you to execute and designate a Trust as an IRA beneficiary. 

  • Transferring assets to a Trust. This one is a common asset protection strategy in Texas. When you transfer your assets to a Trust, the assets held in the Trust are generally protected from creditors. 

  • Cash and investments held in a life insurance policy or annuity. Your cash and other investments held in a life insurance policy or annuity are beyond the reach of creditors. 

  • Adding an umbrella liability policy. An umbrella liability policy is an addition to your homeowners, automobile, or watercraft policy coverage that protects your assets and savings if you lose a lawsuit for a sum that exceeds your insurance policy limits. 

  • Prenuptial, postnuptial, non-marital, or marital property agreements. Since any marriage or romantic relationship can end when you least expect it, it is critical to have an attorney draft an agreement to protect your assets from your spouse or significant other. 

Schedule a Consultation with a Dallas Asset Protection Attorney

At The Messerli Law Firm, we focus on providing quality and personalized asset protection solutions to meet your individual needs. 

Your life’s achievements and the assets you have worked so hard to accumulate deserve high-quality service to ensure they are protected. Our Dallas asset protection attorney is ready to discuss your unique situation to create a strategy tailored to your particular needs. 

Call (972) 813-9531 to schedule a consultation to determine how to best protect your assets against creditors, lawsuits, judgments, and other risks. 

OUR SERVICES:
 

ASSET PROTECTION STRATEGIES


BUSINESS ENTITY FORMATION
TYPES OF TRUSTS
FOR PHYSICIANS & HIGH RISK BUSINESS OWNERS
OFFSHORE HAVENS

OFFSHORE ASSET PROTECTION TRUSTS
FAMILY LIMITED PARTNERSHIP
LIMITED LIABILITY COMPANIES

LEARN MORE...

Construction workers on work site