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Estate Planning & Probate in Southern California
Asset Protection Chart Your Course with Confidence

Fullerton Asset Protection Attorneys

Serving All of Orange County & Southern California

Asset protection planning involves making prudent decisions today to protect yourself, your business, and your hard-earned assets from loss due to lawsuits, creditors, or bankruptcies. This type of legal planning is especially prudent for professionals and business owners whose personal assets could be at risk due to the nature of their employment.

Statistically and anecdotally, we all know that the number of divorces, lawsuits, and bankruptcies is staggering. While no one believes lightning will strike them, wealth created through a lifetime of work, saving, and investing can be lost overnight if these forms of man-made lightning do strike. To protect your assets from unexpected disasters, proper risk management strategies should be given careful consideration. These strategies include exempting your assets from the claims of creditors, limiting your liability through legal entities, and transferring your risk through insurance. Our asset protection attorneys in Fullerton can assist you with all of these strategies.

Call (800) 220-4205 or contact us online to learn more.

Exempting Assets in California

State and federal laws exempt some of your assets from creditors’ claims. Note that while some states allow you to choose either the state or federal exemptions, in California you must use the state exemptions. Federal bankruptcy exemptions are not available.

Once you have identified the protected asset classes available to you under applicable law, you may want to maximize your protection by converting non-exempt assets into exempt assets.

Limiting Liability for Professionals & Business Owners

Many entrepreneurs operate their businesses as sole proprietors rather than through a legal entity like a corporation or a limited liability company. Whether their business is home-based or in the Fortune 500, these business owners are attracted by the informality of sole proprietorship. They also want to avoid incurring the fees associated with creating and maintaining a legal entity. However, in addition to other advantages, conducting business through a legal entity may offer substantial risk management benefits.

Lawsuits brought against a sole proprietorship are actually lawsuits against the owner’s personal assets, while lawsuits against a properly established and maintained legal entity are considered lawsuits against the entity’s assets. Nevertheless, the selection of an appropriate legal entity is critical for managing your risk.

Transferring Risk with Insurance

When was the last time you reviewed the details of your liability insurance program with your insurance company? Are your policies current? Are the coverage limits adequate and are the deductibles reasonable? Have you scrutinized the policies for loopholes? Remember: The fundamental philosophy of any insurance coverage is to pay a premium you can afford to transfer a risk you cannot afford. Take time to understand both the risks you have retained and the risks you have transferred.

Fighting to Protect You & Your Business

With decades of experience, the Fullerton asset protection attorneys OC Elder Law will be able to smoothly guide you through any legal issues you may be facing. We know how important your assets are and will do what it takes to protect you effectively. With offices in Fullerton and Newport Beach, OC Elder Law serves clients throughout Orange County.

Discuss your rights and options with our team by calling (800) 220-4205.

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Meet the Crew

Compassion, Experience & Integrity
  • Marty  Burbank Photo
    Marty Burbank

    Attorney

    Marty Burbank wants to live in a world where children are healthy and safe, where seniors live without fear or pain, and where veterans are cared for and respected. Marty is a featured expert in estate planning and elder law by Forbes and was recognized by the Orange County Register as one of the 100 most influential people in Orange County. He frequently speaks about seniors, our military veterans, their benefits, and the legal issues related to their care and quality of life. Marty has ...
  • Erlinda  Vasquez Photo
    Erlinda Vasquez

    Of Counsel

    Erlinda Vasquez received her bachelor’s degree in economics and political science from Loyola Marymount University. In college, Erlinda was involved in many extracurricular activities, including the Harvard Latino Leadership Initiative (LLI). As an LLI Scholar, Erlinda partnered with Harvard Kennedy School to create a community service project in Los Angeles. She later received her juris doctor from Loyola Law School where she discovered her passion for elder law . During her first year of law ...
  • Bryce  Letterman Photo
    Bryce Letterman

    Attorney

    For more than 25 years, Attorney Bryce Letterman has provided dedicated representation to clients in a wide variety of legal matters. Mr. Letterman assists clients primarily with estate planning and probate . He also has experience in several other areas, including business and civil litigation. His decades of experience in estate planning have ranged from simple wills and powers of attorney through complex planning including Medi-Cal , asset protection , and strategies to maximize the after-tax ...
  • Tessa  Gardner Photo
    Tessa Gardner

    Of Counsel

    Tessa Gardner received her bachelor’s degree in international business from Pepperdine University. While studying at Pepperdine, Tessa played lacrosse and developed her philanthropic purpose as a member of Alpha Phi. Tessa later went on to get her juris doctor from the University of Denver Sturm College of Law. During her time at law school, Tessa interned for the District Attorney's office in the Family Violence and Cold Case units where her passion for seniors' rights developed. Tessa then ...
  • Michael  Lawlor Photo
    Michael Lawlor

    Attorney

    Michael has practiced estate planning and trust litigation in California since 1981 except for the few years he took off to sail around the world with his wife on their boat Traveler. He attended USC for his undergraduate studies and earned his J.D. from Western State School of Law.
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OC Elder Law

What Sets Us Apart
  • Over Three Decades of Experience & Service the Community
  • Home Visits Available for Those Who Are Unable to Travel
  • Services Available in Spanish & Korean
  • Free 30 Minute Evaluation
Protect Your Treasures

Work with compassionate and experienced Estate and Elder Law attorneys who will help you plan for the unknown and protect your and your loved ones.

800-220-4205

Start Your Jourey

Contact us today for your free evaluation. We can help avoid the choppy waters of not having a plan in place for you and your loved ones.
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