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We live in a litigious society, and our attorneys can assist you in protecting the wealth you have spent a lifetime building.
Asset protection and estate planning go hand in hand. Our attorneys can develop a simple plan or a comprehensive asset protection strategy that is designed to give you peace of mind knowing that the wealth you have worked so hard to accumulate will be protected, preserved, and passed on to future generations.
Effective asset protection is a coordinated strategy designed to address your circumstances, your industry, your family situation, and your goals. Asset protection strategies must be implemented before trouble appears. Assets that are transferred after a crisis arises can be viewed as a fraudulent conveyance, undermining the protection you hoped to create.
The use of trusts in your Will protects assets from creditors of the trust beneficiary. This protection extends to divorce, so the property that you leave in trust under your Will would be protected from the ex-spouse of the trust beneficiary in the event of a divorce. Texas is a community property state, and a marital property agreement can be useful in defining separate property and community property, especially in blended families.
The use of entities, such as LLCs and partnerships, is another asset protection strategy that can protect valuable assets for our clients, as well as for their children and grandchildren.
At Oaks, Hartline & Daly, LLP we evaluate your personal and professional circumstances and create a plan to protect your assets during your lifetime, at your death, and for future generations to come.
Oaks, Hartline & Daly, LLP is located in Houston and proudly serves clients throughout Texas. We invite you to contact our law firm for more information and to schedule an appointment to discuss your needs and how we can assist you.
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