Asset Protection
You have worked hard to build your wealth. Protect it from lawsuits, creditors, and unexpected claims with proactive legal strategies. Our experienced attorneys create comprehensive asset protection plans that preserve your wealth for you and your family.
Proactive Strategies to Preserve Your Wealth
Asset protection is not about hiding assets or evading legitimate obligations. It is about using legal tools to minimize risk and protect what you have rightfully earned. At Texas Estate Attorneys, we help clients understand their vulnerabilities and implement proven strategies to shield their wealth from potential threats.
“What sets Texas Estate Attorneys apart is our personalized approach to legal representation. We understand that every case is unique, and we take the time to understand your specific needs and goals.”
Matthew Sanderson
Founding Attorney
Plan Before Problems Arise
Timing Is Everything
The most effective asset protection happens before any claims exist. Once you are sued or face creditor action, options become severely limited. We help clients identify risks and implement protection strategies while they have full flexibility to act. Do not wait until it is too late to protect what matters most.
Protection Strategies
Asset Protection Trusts
Irrevocable trusts can place assets beyond the reach of future creditors while still providing benefits to your family. We create domestic asset protection trusts and other trust structures designed to preserve wealth across generations.
Business Entity Structuring
Proper use of LLCs, corporations, and other entities creates liability barriers between business risks and personal assets. We help structure your businesses to maximize protection while maintaining operational flexibility.
Lawsuit Protection
Professionals, business owners, and high-net-worth individuals face elevated lawsuit risks. We develop comprehensive strategies to minimize exposure and protect your hard-earned wealth from potential litigation.
Creditor Protection
Before financial difficulties arise, we help restructure assets to take advantage of Texas exemptions and legal protections. Proper planning can preserve significant wealth even in worst-case scenarios.
Family Wealth Preservation
Protect family wealth from divorce, spendthrift heirs, and outside claims. Dynasty trusts and spendthrift provisions keep assets within your bloodline while providing for beneficiaries' needs.
Texas Homestead Protection
Texas offers some of the strongest homestead protection in the nation. We help you understand and maximize this valuable exemption as part of your overall asset protection strategy.
Medicaid Asset Protection
Protect your life savings from nursing home costs while maintaining Medicaid eligibility. Through proper advance planning, we help preserve wealth for your spouse and heirs while ensuring you receive needed care.
Insurance Planning
Proper insurance coverage is a critical component of asset protection. We coordinate with insurance professionals to ensure adequate liability coverage, umbrella policies, and life insurance trust structures.
Professional Practice Protection
Doctors, dentists, attorneys, and other professionals face unique liability exposure. We create customized protection strategies for professional practices, including proper entity structure and malpractice planning.
Frequently Asked Questions
Asset protection planning involves using legal strategies to shield your wealth from potential future creditors, lawsuits, and other claims. This includes proper business structuring, trusts, insurance, and other tools. The key is planning before any claims arise—after a claim exists, options become limited.
Yes, asset protection is completely legal when done properly and in advance of any claims. The law recognizes your right to structure assets in tax-efficient, liability-limiting ways. However, transferring assets to avoid existing creditors can constitute fraudulent transfer. Timing is critical—plan early.
Texas law provides strong protection for certain assets: your homestead (with unlimited value but acreage limits), qualified retirement accounts, life insurance cash values, annuities, and certain personal property. Understanding these exemptions is the foundation of Texas asset protection planning.
A properly structured LLC creates a legal separation between business and personal assets. If your business is sued, creditors typically cannot reach your personal assets. Conversely, if you are personally sued, charging order protection may limit creditors' access to LLC interests.
Yes, with proper advance planning, you can protect assets while potentially qualifying for Medicaid to cover nursing home costs. Strategies include irrevocable trusts, Medicaid-compliant annuities, and proper asset restructuring. However, Medicaid has a 5-year lookback period, so early planning is essential.
Protect Your Hard-Earned Wealth
Every case is different. Past results do not guarantee future outcomes.