Best Lawyers Near Los Angeles

Why You Need California Asset Protection In 2022

Updated: Apr 20

What Is Asset Protection In California?

Asset protection assures that your investments, assets, and estate will not be harmed due to any unforeseen circumstances. After all, there's no way of knowing what happens with you, your business, or your family.

Here's a guide to what asset protection is, how it works, and what your possible options are.

estate administration attorney california

Asset protection is a broad word that refers to securing your assets before they are lost or damaged. In short, you'll want to make sure your assets stay with you or the individuals you intend to pass them on to before you face a lawsuit, divorce, or other legal issues.

Here are a few reasons why people seek the advice of prescreened Norwalk Estate Attorneys:

  • Protect your assets from your spouse and other family members. In the case of a divorce, you'll want to prevent your assets from being taken by or assigned to your current spouse. In this situation, asset protection must be accomplished prior to the initiation of divorce proceedings.

  • You can safeguard your assets by negotiating a prenuptial agreement with serious thinking and consideration before marriage. A postnuptial agreement can be utilized for the same purposes if you're already married.

  • Pre and post-marital agreements can also be used to secure assets for future beneficiaries, such as children from a previous marriage. Domestic asset protection trusts can also distinguish between each spouse's financial and asset interests, as well as their combined property.

estate planning lawyer california

  • Protect your assets against creditors. Your creditor can obtain a court judgment against you if you do not pay your debts. As a result of such a judgment, liens may be placed on your property. Legal techniques to protect your assets from creditors include the formation of a limited liability corporation, a family limited partnership, or an asset protection trust.

  • If you develop an asset protection strategy appropriately before going into default, you can legally shelter certain assets from creditors' claims without committing tax evasion.

  • Protect your assets from being taken away in a lawsuit. Asset protection can also aid in the protection of your finances and assets from legal action. Some types of property can be protected in the case of a lawsuit by structuring funds, real estate, and other assets in a way that reduces their vulnerability to litigation and court orders.

A Norwalk Estate Administration Attorney will help you keep your financial security and keep your assets from being squandered by people or companies suing you.

How Can You Protect Your Assets?

Here are some suggestions for developing your own asset protection strategy. Here are a few pointers to get you started:

  • Make a plan to protect your assets before you are sued

  • Keep your personal and business assets separate

  • It's crucial to keep in mind that being a sole proprietor is risky

norwalk estate planning lawyer

  • Use a registered corporation to secure your assets

  • Keep legal safeguards in place by satisfying your annual responsibilities

  • Make sure you have comprehensive commercial insurance coverage

  • Be careful of scams involving asset protection and low-cost incorporation

That said, not everyone has the same estate law need. One person could need a prenup, while another could need protection from possible business risks. The best way to resolve your current estate law concerns is to consult with a prescreened Norwalk Estate Attorney who will be able to look through your unique case and give you the best options.

Find An California Estate Lawyer in Lancaster is Certified by the California Bar Association to provide you with a Free Attorney Referral Service.

We can refer you to an experienced prescreened Estate Lawyer in California best fit to handle your case.

Contact us through our 24/7 live chat (or complete our case submission form) for a free initial consultation.

Best Lawyers Near Los Angeles

California State Bar Certified Lawyer Referral And Information Service is a California State Bar Certified and approved Lawyer Referral and Information Service.

We provide unbiased and impartial lawyer referrals. This service isn't owned nor operated by lawyers receiving referrals.


Our objective is that you receive the best comprehensive, high-quality legal representation while holding California attorneys to the highest standards of professional conduct.

Why Lawyer Referrals Matter


The California State Bar investigates on average 16,000 complaints of professional misconduct by attorneys annually.

We conduct due diligence by researching and recommending the best local attorney for your case. 


Our team of experts verifies that attorneys are in good standing and have the required experience in the type of law related to your legal issue. 

Learn more about attorney discipline here:


Our History 


Since 2005, we have assisted people who need legal representation but whose ability to locate reputable California Lawyers is frustrated by unreliable law firm marketing of self-promoting lawyers and biased legal advertising.

How the LRS Works 

Anyone seeking competent and honest legal representation in California, can request a FREE lawyer referral. 

Once you submit your case details online, our legal 24-hour legal department will review your claim and reply via email. Most cases are reviewed and answered within 15 minutes. 


A free 30 minute consultation with the attorney will be offered to each referred client. 

A representative will follow up a few days later via email with the client after receiving a referral for quality management purposes, or to obtain the status of the case. 

About lawyers from our network

California lawyers in our network are insured, in good standing with the California State Bar, and have substantial experience in their practice area.


Attorneys are available in most areas of law throughout Southern California. Every lawyer in or network has been vetted for:

  • Credentials

  • Education

  • Communication skills