Asset protection

Are there other ways than transmutation and postnuptial agreements to protect my assets from creditors?

Yes. One vehicle is forming a limited liability partnership to hold your assets. Although it is quite technical, there are many advantages to holding title to your assets in an LLP as opposed to a corporation. It is also possible to set up a foreign trust to hold title to your assets.

None of these vehicles can provide 100% assurance that your assets will be protected from creditor claims. The goal is to make it so difficult and expensive to challenge your plan that most creditors will simply abandon the claim, or be unsuccessful in their collection efforts. It has been estimated that two-thirds of creditors faced with a well-drafted asset protection plan will abandon the claim, and that only a small percentage of the remaining third will be successful.

Consultations

Have a question about your own situation?

Prospective clients are welcome to schedule an initial consultation, in person at our Indian Wells office or by video conference, to review their circumstances and available options.