Asset Protection
Our appoach - Planning, Preservation, Protection
A strategic approach to protection of your, assets, your salary, your future.
Asset Protection is a very interesting area of the Law. It is filled with marketeeers charlatans and major international banks pushing the limit on Swiss banking laws and IRS evasion.
We are not going tell you that if you put your assets into a make believe trust in some central american bank all your problems will go away. We are going to focus on strategies which work. As an attorney licensed in California and Florida, I am aware of many if not most of the legitimate asset protection strategies. (and if you have a "cutting edge one" I will review it with you for no charge. I am always willing to learn new concepts.)
Before you begin your loan workout, short sale or foreclosure walkaway, you need to determine your potential exposure to a deficiency or debt.
Short Sales, Foreclosure WalkAways and other loan workout options
do not necessarily protect you from deficiencies or deficiency judgments.
You must pair those strategies with staturtory or contractual protections.
As many of you know by now, CA has a complex set of anti-deficiency laws.
You want to avail yourselves of your protections under California laws.
Do not believe someone who tells you that a short sale automatically protects you. Do not give a lender a road map to your assets unless you have a plan b. (only 20% of short sales close- you need a plan B and a Realtor who can negotiatiate your release of deficiency in writing).
We approach asset protection in a three step process.
First we assess your risk of liablity for your loan or note.
Then we structure a strategy to achieve you best workout options.
(with backup plans)
Then we look at other ways to protect you assests if we determine your assets or you future salary are at risk.
For more about our Asset Protection, Planning and Preservation program fill out the form below. We present you with your loan workout options (if they are availiable to you) which insulate your assets and future salary from your lenders.
Note - we see a lot of interesting advice about trusts on the net. Most of the claims are unfounded. Before you move your assets into or out of trust, make sure you really understand the law and the purpose of a trust vs a corporation.