You have worked very hard to acquire the assets you own, and you do not want to have to replace those assets due to an unnecessary lawsuit. However, people are getting sued more often than in the past, and it is entirely possible that you will get a judgment creditor against you during your lifetime. This is why asset protection planning is an effort that you need to begin making today.
This may come as a surprise to many, but very few assets are actually exempt from the claims of creditors. The major categories of assets exempt in Texas include:
Assets not protected include:
Once a creditor has an actual claim against you, it may be too late to implement a plan that will safeguard your assets.
Asset protection planning is a proactive legal action that is in place to protect your family’s future. No one wants to have their assets seized if a judgment swings the opposite direction, and that is why Houser Firm’s asset protection approach is your future’s best defense.
With Houser Firm on your side we will create sophisticated limited partnerships to own assets, use limited liability companies to own single purpose assets, utilize insurance products to protect assets, create trusts, and much more.
In 2017, there were thousands of general civil cases filed in Texas alone that resulted in putting people’s assets at risk. Do not let yourself be in the position fall victim to a negative judgment in 2018 if a suit arises. Get in touch with Houser Firm today to discuss every option available to your when it comes to asset protection. We believe in allowing you to keep control of the things that you own so that they can be passed on with your family’s legacy. Our asset protection attorneys are prepared to answer your questions.