Dallas-Fort Worth Asset Protection Lawyers

Knowledgeable & Reliable Legal Guidance

Crain & Wooley helps clients protect their hard-earned assets with the right legal documents and planning strategies. If your goal is to shield your wealth from nefarious parties and ensure your legacy is preserved, then please don’t hesitate to reach out to our skilled legal professionals to get started drafting a comprehensive estate plan that can achieve your unique goals.

What Is Asset Protection?

The goal of asset protection is to strategically insulate your assets to prevent costly lawsuits and devastating losses. While many people think that asset protection strategies are only for the wealthy, homeowners of all backgrounds benefit from asset protection because it allows them to take control of what they own.

Potential Risks to Your Assets

Our asset protection attorneys can help you understand and plan for potential liability risks property owners might face in the future. Crain & Wooley is here to use our extensive resources to help you protect your personal and business assets from:

  • Liability arising from misconduct
  • Personal injury sustained on your premises
  • Professional malpractice liability
  • Lawsuits filed by former business partners
  • Personal injury resulting from a car accident
  • Personal liability of corporate officers and directors

Asset Protection Tools

When you choose Crain & Wooley to represent you, we will devise a detailed plan that will preserve your wealth and avoid business and tax losses. We can protect your entire fortune with the following asset protection tools:

  • Asset Planning: Real estate, stocks, and pensions are valuable components that need to be considered in your estate plan. Our lawyers can help you account for all of your assets and add the right protections to your plan.
  • Liability Protection: We can recommend strategies to minimize various risks from state and federal tax liens, claims from creditors and collection agencies, and former marriage partners or business partners.
  • Limited Partnerships: A family limited partnership can be used to shelter wealth and still retain control over the assets.
  • Domestic Asset Protection Trusts: This type of trust is an irrevocable trust that can be established to protect your assets from creditors while retaining access to the assets.
  • Third-Party Discretionary Trusts: Sometimes called “spendthrift” trusts, this allows a relative to create a trust fund with certain restrictions. Spendthrift trusts are suitable for people who are worried their loved ones might recklessly spend the funds.
  • Limited Liability Companies: An LLC is a business entity that is entirely separate from the owners. This type of business entity protects your personal assets if the LLC is a defendant in a lawsuit.

If you would like to speak with an experienced lawyer to determine which asset protection strategy is right for you, then please call (972) 560-6288 today fill out our convenient online schedulerto request a free consultation.

  • We highly recommend you and Crain & Wooley.

    “Thank you, Justin, for giving us peace of mind in securing the future of our son. We received exemplary service from you and all of your staff. During our meetings, we appreciated the attentive way ...”

    - Cathey & Charles Pinnell
  • The whole process was very well organized.

    “We hired Crain & Wooley for estate planning purposes. Justin interviewed us to find out our needs and desires. Documents were prepared that accurately reflected what we had specified in the interview. ...”

    - Richard & Jeannine Williamson
  • We would recommend Crain & Wooley Law for your estate planning needs.

    “Thank you to Justin and the entire office staff for creating our estate planning portfolio. They were very helpful in answering all of our questions throughout the process. The office was very ...”

    - Don & Cathy Mitchell
  • We were entirely pleased with the whole process of getting our trust prepared.

    “Justin, we are very pleased with the service we received from your law firm. We did not feel pressured or rushed during our initial consultation. Our documents were prepared in a timeline manner. We ...”

    - Diane Yurasits
  • Everyone was very helpful and knowledgeable.

    “Setting up our Family Trust went very smoothly. All of our questions and concerns were answered. Everyone was very helpful and knowledgeable.”

    - Janet Duranso