Then you can afford an extra measure of asset protection via your regular fire insurance policy on your home. Most of us call it homeowner's insurance policy, but the agents call it fire insurance. In any event, I made a visit to my local insurance agent to review my policy. I was on my way [...]
Estate Planning, Southern California Attorney
Category Archives: Asset Protection
That Little Umbrella Insurance Policy Isn’t So Little.
Here's an idea for you for the New Year. Check to see if you have an umbrella liability insurance policy. And if you don't have one, get one!
It's been said over and over again, but you cannot have too much insurance. And an umbrella insurance policy can be a life saver and a great way [...]
Forming an LLC for Rental Properties
It is worth repeating…
Forming an LLC is a good business and personal practice if you own rental property. It can be also be incorporated into your estate plan. A good estate planning attorney will address this aspect as they review your holdings and look for ways to protect you and your loved ones.
Of course, [...]
Entity Formation as a Form of Asset Protection.
Yesterday I posted about umbrella liability insurance policies as being a good start towards a complete asset protection strategy. Today’s post deals with entity formation as another measure of asset protection.
The most commonly used entity formations including
corporations, limited partnerships and limited liability companies. Entity formation can offer some degree of
asset protection.
A corporation can protect personal assets [...]
How About Insurance First?
Asset protection is always a hot topic. It’s very dynamic too as the legislature is trying to get one step ahead of current asset protection techniques. But before getting into asset
protection protection measures, clients must be counseled that having adequate insurance coverage
is the best form of asset protection.
This includes insurance for real and personal property, [...]
Homesteads Redux.
I’ve posted about homesteads before, but I thought I’d blog about it again as it is really an interesting concept.
Homestead exemptions refer to the protection given against a home from creditor
claims. Some states have very generous
homestead exemptions including Florida and Texas.
In California, every homeowner has an automatic homestead exemption of at least $50,000 for
his or [...]
