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Asset Protection

Areas of Practice:

Wills
Trusts
Conservatorship
Power of Attorney
Probate
Elder Law
Asset Protection
Estate Planning in San Jose
Health Care Directive
Philantropy

Professional Affiliations

JDSUPRA - Your Legal Intelligence

Member of the State Bar of California

Santa Clara County Bar Association

Anthony Delas Is a Member of the Merchant Circle

Tony Delas Law on Yelp

 

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How likely are you to be a party to a law suit? Sad, but more likely than you are to end up in the hospital. About 24,000,000 lawsuits are filed in this country every year! Suppose you’re afraid of a lawsuit and want to protect what you have. Typically, your own homeowner’s insurance umbrella policy will cover up to $1M. Note that this is far more than your typical auto insurance policy and has to be purchased separately. What if the judgment against you is greater than the amount of insurance and you have the assets that the other party can go after. With high costs of today’s health care and rehabilitation, this money will not last long. Irrevocable trusts, Offshore trusts, Family Limited Partnerships, Spendthrift Trusts, A variety of vehicles, if used very carefully, may help with making you more law suit proof. 

First a few words about fraudulent conversion in U.S.A If you owe money to someone and try to transfer your assets to avoid payment in this country, the transfer can be judged ineffective and the creditor may be able to collect from you. You and your attorney may be found liable.