Asset Protection

If you have one or more corporations or LLCs, this subject should be of importance to you.　The general rule in every state is that a creditor of a corporation or LLC cannot reach the assets of the owners unless the owners have signed a personal guarantee, or unless the creditor can pierce the corporate veil.

For most of us, protecting our home is paramount We do this through the acquisition of homeowners insurance, fire insurance, flood insurance, personal liability insurance, burglar alarms, fire alarms, frightening dogs, and an assortment of high powered weapons In addition to all the above, you should consider legal asset protection planning for your home.

I have a client who works in a high risk occupation My client has a recurring nightmare that he will incur serious personal liability and have a sheriff come to his house with a judgment in hand, kick his family out, and attempt to take furnishings or other personal items from the house to satisfy the judgment He wants to be sure that his wife and children don’t experience this kind of invasion of their peace, privacy and personal belongings, but what are his options?