Asset Protection and Trust-Integrated Planning.
For a Texas business owner, physician, professional, or investor, asset protection is rarely one trust. It is a coordinated legal architecture that may include entity structuring, insurance, contracts, marital planning, ownership design, and trust provisions for a spouse or next generation. We identify lawful, practical options before a problem arises; we do not sell ‘gimmick’ trusts or promise protection from existing claims.
Texas business owners, physicians, professionals, and investors seeking lawful, coordinated protection planning before a problem arises.
Texas does not have a self-settled domestic asset-protection-trust statute; any strategy must be evaluated carefully under applicable Texas and other law.
- LLC and Series LLC coordination with the overall plan
- Business-interest ownership and voting/non-voting design
- Real-estate holdings and titling review
- Creditor-risk review for the client's practice or industry
- Beneficiary-protection provisions for a spouse and next generation
- Insurance architecture and umbrella coordination
- Succession and incapacity coordination with the plan
- Fraudulent-transfer risk screening before any transfer
The Lone Star Counsel process, adapted to the matter.
- 01Understand
Family, assets, and objectives.
- 02Design
Legal architecture appropriate to the matter.
- 03Draft
Trust and companion instruments.
- 04Fund
Assets and beneficiary designations aligned.
- 05Maintain
Reviews as life and law evolve.
About asset protection & trust planning.
- Does Texas allow self-settled domestic asset-protection trusts?
- Texas does not have a self-settled domestic asset-protection-trust statute. Some other states do. Any planning must be evaluated carefully under Texas law and any other law that may apply.
- Will an asset-protection plan defeat an existing claim?
- No. Transfers made with the intent to hinder, delay, or defraud a known creditor can be set aside under the Texas Uniform Fraudulent Transfer Act and similar law. Effective planning is done before a claim arises, not after.
- Is a Texas LLC enough asset protection by itself?
- An LLC is one component of a coordinated plan. Charging-order protection, capitalization, contract terms, insurance, and operating discipline all matter. No single instrument is a complete answer.
A confidential conference with Darryl V. Pratt, Esq., CPA.
Nearly 30 years of business, estate, trust, and succession counsel. Frisco headquarters, or by secure video across the state of Texas.