Asset Protection - Your Legacy Legal Care

What Is Asset Protection? Who Am I Protecting My Assets From?

Asset protection is the legal action taken to protect your assets from creditors, divorce lawsuits, and judgments. For the most part, we consider a person's needs to determine the best angle or solution when it comes to asset protection. For…

What Is the Difference Between a Trust and an LLC?

Trusts and limited liability companies (LLCs) are both legal vehicles that can be used to manage and protect assets, minimize taxation, and avoid probate. Whether a trust or an LLC is a better choice may depend on the type of…

How to Include NFTs in Your Estate Plans

There has been a lot of discussion in the news lately about NFTs. Short for “non-fungible token,” the term refers to digital assets that can’t be replaced with something else – even something of equal value. While you might be…

Guarding Your Estate Plans Against the Impact of Inflation

It seems the word “inflation” is on everyone’s lips these days. While some experts believe our current inflation trends are the temporary result of pent-up pandemic demands, others worry we are on a trajectory of inflation that could last years.…

Are My Retirement Assets Protected From Creditors?

Texas offers excellent creditor protection compared to other states. Our Texas bankruptcy laws are better than the federal ones when it comes to protections, but retirement is protected even under the federal program. Until recently, retirement benefits were not protected…

Family Matters: Planning Mistakes Small Business Owners Should Avoid

Small business owners are nothing if not hard workers. Many spend a lifetime pouring their blood, sweat, and tears into their businesses. Without smart planning, all that work can be lost through disability, retirement, or death. If you own your…

Estate Planning During the Biden Era

New presidents often mark the beginning of a new era of tax laws. For President Biden, the estate tax is a very likely target for change. The impact of potential changes reaches far beyond the estate tax, though. With Democratic…

Asset Protect That Doesn’t Depend On Your Aim

Asset Protection That Doesn’t Depend On Your Aim – There’s an old saying that goes something like, “God made man, but Sam Colt made them equal.” In the rough and tumble West, a revolver made it possible to protect your…

Houston Asset Protection Lawyer: Learn How To Reduce Your Chances of Being Sued

As a Houston asset protection lawyer, I can report that statistics show that there were approximately 20 million lawsuits last year. Let that sink in a minute. 20 million lawsuits. There are many con-artists and scammers just waiting to take…

When a “Fair Share” May Not Mean “Equal Share” | Houston Will and Trust Lawyer

As a Houston will and trust lawyer, I can confidently say that estate plans are not one-size-fits-all. Just because most of the people you know have divided their assets evenly between their children, does not mean that is the right…