“Liability insurance is a must. But, it is often insufficient. That’s where the Asset Protection Plan comes in.”
“There is no ‘one-size-fits-all’ asset protection plan. And, doing nothing is the road to disaster. Many plans and planning tools work well for a majority of clients. Some work well for many clients. Others work well for only a few. Only an experienced attorney knows the difference and how to design, prepare, implement and operate a customized asset plan appropriate for a given client and their circumstances. And, what should be done must be done before a creditor’s claim arises. After that point, it is usually too late.” STEVE YAHNIAN, Attorney/CPA, Yahnian Law Corporation
Use a Tax Attorney/Asset Protection Planning Attorney. Asset Protection Planning must take into account the tax aspects of every situation. An attorney must analyze the tax issues of each client situation and applicable asset protection plan strategy before embarking upon the design and implementation of the plan. Many asset protection planners forget this rule and advise clients on asset protection plans that are infeasible from a tax perspective. Such faulty plans and deficient services cause the client tax problems and potentially increased tax liabilities. That’s why you should use a Tax Attorney/Asset Protection Planner. Steve Yahnian is an Attorney/CPA with advanced degrees and Certificates in Taxation and decades of experience. At Yahnian Law Corporation, we are skilled and experienced in tax planning (as well as Asset Protection Planning) and how the same impacts upon and is interwoven with the asset protection strategies that are available. Few attorneys who hold themselves out as asset protection planners can offer this necessary conjunctive service.
YAHNIAN LAW CORPORATION performs the following Asset Protection Planning services:
Asset protection planning is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of all asset protection planning is to insulate assets from claims of creditors without concealment, tax evasion or violation of applicable fraudulent conveyance laws.
In summary, Asset Protection Planning involves legal ways to preserve your assets.
It is the process of:
Properly analyzed, designed and implemented, asset protection can provide significant advantages to
Through proper and timely planning before a debt arises, assets can be protected during the owner’s life and during the life of beneficiaries or heirs.
Planning must be done ahead of time and before a lawsuit arises. Asset Protection planning is not effective and may be unlawful with respect to debts, lawsuits, or the facts giving rise to the same, have already occurred.
Maximum asset protection can be achieved through the use of:
Although there is no absolute form of asset protection, proper and timely planning can
High-net-worth individuals and families often find themselves the targets of predatory lawsuits in California. At YAHNIAN LAW CORPORATION, we work with you to protect your wealth by setting up legally permissible barriers between your assets and the people who might want to take them away from you. A well-devised plan to protect the wealth you have accumulated is vitally important to you and your family. We use the appropriate legal tools and structures to limit you and your estate’s risk of exposure to lawsuits and future potential creditors.
Asset Protection planning involves several areas of law in the review, analysis, design, preparation, implementation and operation. It depends upon, requires knowledge in, draws upon and draws together the areas of Business Law, Estate Planning Law, Real Property Law and, many times, Taxation Law, Family Law, Bankrutpcy Law and Personal Injury Law, among others.