Asset Protection Lawyer San Diego
Asset Protection Lawyer San Diego
Asset Protection Lawyer San Diego
Asset protection is a constituent of financial planning intended to protect a person’s or business’s assets from third-party claims, such as creditor claims. In other words, asset protection aims to protect assets that third parties such as creditors could otherwise seize. Indeed, no asset protection plan can guarantee 100% impenetrability, but having an asset protection plan in place is an excellent lawsuit deterrent.
At Bagla Law Firm, our asset protection lawyer San Diego provides individuals and businesses with legal counsel on asset protection based on a thorough understanding of California and federal laws.
The Best Time to Act
If you do not want to lose your assets to third parties in the future, the best time to act is NOW. Asset protection planning is something that should be done before a lawsuit arises. Indeed, it is possible for you to protect your assets after a lawsuit is filed, but it is best to protect your assets beforehand. If you wait until you are in the middle of a lawsuit to act, you might experience difficulties blocking third parties from accessing your assets.
Enlist the help of a qualified asset protection lawyer San Diego at Bagla Law Firm and get started on your asset protection plan.
Asset Protection Strategies
When it comes to asset protection, there are different strategies that can be used. An experienced asset protection lawyer can help you determine the strategy that will work for you. Generally, a good asset protection plan is a combination of financial and investment instruments that an asset protection lawyer designs for a client depending on their unique situation. A strategy that works for one client might not work for another. Different types of assets can also be approached a variety of ways. Asset protection for real estate, for example, can have a different strategy than other forms of asset protection. That’s why it’s important that you consult with an asset protection lawyer San Diego to determine the best course of action for your circumstances.
Offshore Asset Protection
One of the most commonly used asset protection tools is offshore asset protection. You might assume your assets are too little for you to go down this route, but the reality is that offshore asset protection is not only a tool for the super-rich. Indeed, it is not a tool for just anyone. However, it would be best to allow an asset protection lawyer San Diego to advise you on whether or not this tool is right for you.
Offshore asset protection involves forming a business entity or trust in another country with favorable legal jurisdiction. Offshore jurisdictions usually add a layer of protection over an individual’s or business’s assets. Generally, the greater the distance between assets and opportunistic third parties, the safer the assets. An asset protection lawyer San Diego can help you understand more about offshore asset protection.
Asset Protection Trust
A domestic asset protection trust is another tool that can help with asset protection. Giving up some control over your assets can help you stay in control of them. With a trust, you have a wall of protection around your assets. The trust owns your assets, and so if a third-party lawsuit arises, the assets in the trust are beyond their reach. There are different types of trusts and it’s important that you choose the right one in order to actually protect your property. An asset protection lawyer San Diego can explain the complexities of the trust and ensure you set it up properly to get the most protection for your assets.
Talk to an Asset Protection Lawyer San Diego at Bagla Law Firm
Having a qualified asset protection lawyer guide you through asset protection is crucial as there is no “one size fits all” asset protection plan. The skilled and dedicated asset protection lawyer San Diego at Bagla Law Firm can help you determine which asset protection strategy is best for you. Contact us to learn more about how we can help with asset protection.
About Kelly
Kelly is an international award-winning corporate and securities attorney who has been providing expert legal counsel to domestic and international clients for over 17 years. Kelly’s passion is helping entrepreneurs start, run, and grow their businesses with the right legal structure and the right legal contracts.
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