San Jose Asset Protection Attorneys

Offering Clients Legal Ways to Shield Their Assets

If you own valuable assets, your plan is likely to pass them on to your beneficiaries at the end of your life. Unfortunately, there may be individuals or groups looking for ways to take ownership of those assets for themselves. If you want to protect what’s yours, contact Trust Law Legacy Group, APC to learn how to use asset protection strategies to your benefit.

What Is Asset Protection?

Asset protection involves the use of legal and financial strategies to safeguard assets from risks like lawsuits, creditors, or bankruptcy. It’s considered vital for anyone with significant wealth or high-risk professions.

If this describes you, and you’re concerned someone will try to take your assets from your estate, contact an experienced lawyer at our San Jose law firm to review your asset protection options.

What Are Some Common Asset Protection Strategies?

When you hire experienced San Jose advanced planning lawyers, you’ll learn about the many strategies available to protect your assets. The most common options include:

Irrevocable Trusts: Transferring ownership of your assets to a trust protects them from lawsuits
Qualified Personal Residence Trusts: Putting your home in this type of trust lets you keep living in it despite no longer having ownership
Spendthrift Trusts: Limit your beneficiary’s access to the assets in the trust while protecting them from creditors
Limited Liability Companies (LLCs) and Corporations: These separate legal entities can limit personal liability
Insurance: Policies like liability and umbrella insurance will defend against claims
Exemptions: Some assets are protected under federal or state laws
Gifting & Estate Planning: Transferring assets to family can shield them from potential threats

If you need help deciding which of these strategies would be best for your estate planning goals, contact our California law firm for legal advice from caring lawyers who serve clients throughout San Jose.

Who Should Seek Asset Protection Assistance?

If you’re worried about the possibility of someone trying to take your hard-earned assets, it’s a good idea to consider asset protection options. In our experience, most people can benefit from having a plan in place to protect their assets from potential threats, including creditors, lawsuits, and bankruptcy.

That being said, some people are at higher risk of these issues than others and should prioritize asset protection strategies. This is the case for you if any of the following are true:

You have a high net worth, with numerous valuable assets to protect
Your career as a doctor, lawyer, or similar professional makes you a frequent target of lawsuits
You own a business
You’re underwater on your mortgage
You have a high amount of credit card debt

In short, if you have reason to believe you could face lawsuits, bankruptcy, or constant calls from creditors, you should speak to our San Jose lawyers about protecting your assets. We can let you know which strategies we recommend and help put them in place once you decide to create an asset protection plan.

Are You Ready to Contact San Jose Asset Protection Lawyers?

If you need help safeguarding your California estate, we encourage you to come to Trust Law Legacy Group, APC for legal support. Our legal team has spent years providing clients with advice on protecting their property through the use of trusts, insurance policies, LLCs, and more. If you’re worried that your wealth could end up in the wrong hands after you pass away, our attorneys can help you create a plan that ensures your money is safely transferred to your beneficiaries according to your wishes.

We can also find additional ways to secure the financial future of your family, whether by assisting you with tax planning, creating a living trust, or exploring all other estate planning options. If you want to learn more about how our legal services can benefit you, call our California law firm at 669-201-4368 to speak with a trusted San Jose attorney.