Asset Preservation

Based out of Woodside, at the Law Offices of Brett Lytle, our team has had years of experience in wealth preservation and asset protection. Typically, asset protection involves the transfer of assets from an unprotected form of ownership, such as direct individual ownership, to a protected one. Limited liability companies (LLC’s), limited partnerships, corporations (“C” and “S”), charitable remainder trusts, irrevocable life insurance trusts, domestic asset protection trusts and/or offshore asset protection trusts are all good examples of the latter.

 

Two factors help ensure the ultimate success of asset protection. First, asset protection must be preemptive. If there is a lawsuit already in the works, it is usually too late to reorganize. state laws frown upon individuals who transfer their assets out of their names with the intent to hinder, delay, or defraud creditors.

 

Second, asset protection must be part of a comprehensive wealth preservation strategy, one that integrates estate and financial planning with long-term strategic goals.

 

If you are a resident of the San Francisco Bay Area, Silicon Valley, the Law Offices of Brett Lytle will help you organize your assets in ways that anticipate risk and guard against exposure. Located in Woodside, our law firm has assisted clients seeking asset protection within the San Francisco Bay Area, Greater Los Angeles Area and the Greater San Diego Area and the Central Valley.