An important concern in this age of often frivolous litigation is the protection of assets. Very few assets are actually exempt from the claims of potential creditors. The major categories of assets exempt in Texas are the primary residence, retirement benefits, life insurance, and annuities. Assets not protected include cash, stocks and bonds, bank accounts, certificates of deposit, second residences, ranches, real estate, oil and gas properties, and closely-held businesses.
Techniques used to limit assets’ exposure to potential creditors include:
Our attorneys in Dallas and Frisco can work with you in creating an asset protection plan that best meets your needs.