Asset Protection Planning: Shielding Your Wealth For The Long Term
Last updated on April 9, 2025
Asset protection is a vital component of comprehensive estate planning, particularly for those with high-value estates. The right tools can ensure that the fruits of your hard work are preserved for yourself and your loved ones. They can shield your wealth from threats like legal disputes, creditors and life’s unpredictable turns.
It’s important to develop an asset protection strategy that’s tailored to your unique circumstances and goals. Our asset protection lawyers at the Law Offices of Berge & Berge in California have the experience and credentials to help you do so. Our lead attorney, James Berge, is a board-certified specialist in estate planning, trust and probate law through the California Board of Legal Specialization. He also holds a certification in public accounting (inactive) and an advanced tax law degree (LL.M). Based in San Jose, our estate planning team is well-equipped to help people throughout the South Bay area address the legal and financial complexities of asset protection.
Trusts And Other Tools For Asset Protection
We utilize various trusts designed to provide robust creditor protection, including:
- Irrevocable trusts, which remove your assets from your estate, protecting them from creditors and preserving them for beneficiaries
- Qualified personal residence trusts (QPRTs) to shield your home from potential creditors
- Foreign asset protection trusts, which can offer numerous advantages that domestic trusts can’t
- Spendthrift trusts, which protect your beneficiaries from their own potential recklessness
Our lawyers can help you evaluate these and other asset protection trusts to craft the right vehicle for your situation. We can also help you explore options like limited liability companies (LLCs), family limited partnerships (FLPs), strategic real estate titling and comprehensive retirement planning. We understand how to establish these tools in meticulous compliance with legal standards to avoid accusations of fraudulent transfers.
Begin Safeguarding Your Assets With Our Asset Protection Planning Law Firm Today
The path to protecting your wealth starts with a conversation. Contact us today at 669-244-3546 to discuss how to best shield your estate and ensure that your legacy endures.
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