When you have worked hard to be successful in life, protecting your assets is likely important to you. Leaving your assets unprotected can expose them to creditors, liability and estate taxes, diminishing their worth and leaving less behind for your loved ones.
Fortunately, there are many ways to ensure that your assets are kept safe and intact. At The Johnson Firm, P.C. in Richardson, Texas, we can help you create a strategy that will best protect your specific assets.
At our firm, we understand the importance of doing what is best for your family. Our attorneys are a family-focused father-daughter team. We can help you fulfill your goals for supporting your family.
Start Planning Now
Advance planning is crucial when it comes to asset protection. If a lawsuit is filed against you or a creditor comes calling, it is difficult to quickly move your assets into a protected state — and some judges may even order you to reverse your efforts.
Instead, it is best to start now. Our attorneys have decades of combined experience helping people throughout Texas ensure that their assets are protected. We will work with you to understand your goals and help you determine which methods of protection will best support them.
What Are Your Options?
There are several ways to protect personal assets. Often, placing assets into a trust can ensure that they are protected in case of unexpected circumstances. Trusts can also avoid probate and estate taxes, ensuring that your loved ones are left with more. Other asset protection options include family limited partnerships, LLCs, and Spousal Lifetime Access Trusts (“SLATs”).
After carefully reviewing your financial situation, including all of your assets, our attorneys will recommend your best options for safeguarding those assets. We will work with you to ensure that your final decision supports your current and long-term goals.
Don’t Wait To Protect Your Assets
In your initial consultation, we can learn more about your situation and begin determining your best options. To schedule a time to meet with our estate planning team, please call us at (972) 299-3488 or contact us through our website.
