Asset Protection Planning for Business Owners and Professionals
Asset protection planning is essential for safeguarding the wealth you have worked hard to build. Business owners, professionals, and property owners face legal and financial risks every day. A single lawsuit—whether justified or not—can put your personal and business assets at serious risk.
Professionals such as doctors, lawyers, accountants, real estate investors, and small business owners have heightened exposure to liability. In today’s legal environment, lawsuits are common, and relying on insurance alone is often not enough. At The Law Office of Steve Ortega, PLLC, we help clients create comprehensive asset protection strategies designed to minimize risk and preserve long-term financial security.
Who Needs Asset Protection?
Asset protection planning is especially important for individuals and businesses with increased liability exposure, including:
-Business owners and corporate officers
-Medical, legal, and financial professionals
-Property and rental property owners
-Entrepreneurs and high-net-worth individuals
If you provide services to the public, manage employees, or own valuable assets, you may be vulnerable to claims that threaten your financial future.
Common Lawsuits That Put Assets at Risk
Assets can be exposed through many types of legal claims, including:
-Professional malpractice lawsuits
-Personal liability of corporate officers and directors
-Disputes with former business partners or shareholders
-Personal injuries occurring on business or rental property
-Accident-related injury claims
-Lawsuits involving alleged misconduct or negligence
Without proper planning, these claims can jeopardize both business and personal wealth.
Developing a Strong Asset Protection Plan
At The Law Office of Steve Ortega, PLLC, we work closely with clients to develop customized asset protection plans tailored to their unique circumstances. Our goal is to legally shield assets while maintaining flexibility and compliance with Texas law.
Asset protection strategies may include:
-Specialized trusts
-Properly structured business entities
-Strategic ownership and title planning
-Integration with estate and business succession planning.
We take a proactive approach—planning before a claim arises is critical to effective asset protection.
More Than Insurance: A Proactive Legal Strategy
While business and professional liability insurance is important, it often has limits and exclusions that leave significant gaps. A comprehensive asset protection plan goes beyond insurance by placing legal safeguards in place to help reduce exposure and protect your estate.
We consider key factors such as your business goals, age, health, family situation, and overall estate size to develop strategies that evolve as your life and business change. Our firm remains available to update your plan as laws change or new opportunities arise.
Protect Your Assets and Your Future
Your assets represent years of hard work and dedication. Taking steps now to protect them can prevent devastating losses later.
Contact The Law Office of Steve Ortega, PLLC today to speak with an experienced Texas asset protection attorney and begin building a plan that secures your business, your practice, and your legacy.