Asset Protection Planning

Lubbock Asset Protection Planning Attorneys

Texas is a place where people who owe money can go to escape their debts. For over a hundred years, the saying that someone “has gone to Texas” could mean they moved there, but it often meant they left their hometown to avoid paying their debts.

This tradition still exists today.

The Texas Constitution, the Business Organizations Code, and the Property Code have laws that allow individuals and businesses to create legally solid structures to protect their money and assets from a plaintiff taking them in a lawsuit.

These laws make Texas a good place for protecting your assets. Our Lubbock asset protection lawyers will help you understand this fascinating part of Texas history and how it applies to your assets.

Get started today with our dedicated attorneys. Call (806) 531-3542 or send us a message to schedule a consultation.

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Hear From Our Happy Clients

At Beck Law Firm, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

    "They Made It Easy"

    The Beck Firm made setting up our wills extremely easy. What should have been a lengthy and intimidating process was made very simple. They were very thorough explaining the process and answering any questions we had.

    - Trevor M.
    "I'll Definitely Be Back"

    The Beck Law Firm is composed of a caring and kind team of legal experts who go above and beyond to understand and resolve your legal concerns. They were knowledgeable, resourceful, and efficient.

    - Former Client
    "They Were Efficient and We Are Happy"

    Good communication all the way through the process. All of our questions were answered quickly and in a way that made a somewhat complicated process easy to understand.

    - Anthony G.
    "Incredible Service"

    I recommend them to anyone who needs an attorney, they take care of business and they are on top of it!

    - Delma D.
    "Worth Every Penny"

    Beck Law Firm helped me get two LLCs set up in no time for a great price. I will definitely be back.

    - Jonathan B.
    "Hands Down the Best"

    Hands down the best law firm... in the state and in Lubbock. I highly recommend coming here for all your legal needs!

    - Elijah S.
    "Excellent Experience"

    This is a great law firm, Kristen Beck helped our family navigate the probate process for our Mom's estate. I highly recommend!

    - Jeannie D.
    "Knowledgeable and Informative"

    Kristen represented me and immediately went to work. We settled out of court. She is extremely professional, knowledgeable, and informative.

    - David R.

Examples of Protected Assets in Texas

  • Real Estate: Homes, rental properties, and land can be safeguarded using mechanisms like homestead exemptions, LLCs, or trusts.
  • Business Interests: Ownership in businesses or partnerships can be shielded with LLCs or family limited partnerships.
  • Financial Accounts: Proper structuring and trusts can protect Bank and investment accounts.
  • Retirement Accounts: Under Texas law, IRAs, 401(k)s, and pensions receive some creditor protection.
  • Personal Property: Valuables like vehicles, jewelry, and artwork can be safeguarded through titling, insurance, or trusts.
  • Intellectual Property: Copyrights, trademarks, and patents can be protected through legal registrations.
  • Life Insurance: Policies and cash value are often protected from creditors.

State laws change without warning. Always consult an estate planning lawyer to ensure you have the most up-to-date information possible.

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