Based out of San Mateo, at McDowall Cotter, our team of lawyers have had years of experience is 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.
And 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, McDowall Cotter’s wealth preservation and estate planning attorneys will help you organize your assets in ways that anticipate risk and guard against exposure. Located in San Mateo, our law firm has assisted clients seeking asset protection within San Mateo, Palo Alto, Menlo Park, Burlingame, Redwood City, Redwood Shores or within Alameda County or Santa Clara County.
About McDowall Cotter, APC: McDowall Cotter based in San Mateo has served clients in the greater San Francisco Bay Area for more than half a century. In that time, we have established a reputation in the courts and in the community, for ingenuity, integrity and a common-sense approach to the practice of law. Our knowledge of law ranges widely from business counsel to wealth preservation to dispute resolution and litigation. All of our services are rooted in a thorough understanding of the law, extensive experience with trials and appeals, and a longstanding commitment to protecting not only our clients’ interests but also their peace of mind.
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