Asset Protection in estate Planning

Protecting what you worked so long to earn
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Asset Protection Attorney In Oklahoma City, Oklahoma

Personalized Development Of Legal Tools For Asset Preservation

While estate planning is an invaluable process to safeguard your assets and finances in situations of incapacity or passing, asset preservation also stands as a crucial tool to shield your wealth and properties. It constitutes a facet of financial planning aimed at preventing wealth loss, capitalizing on tax benefits, and avoidingg unfavorable circumstances like asset seizure.


Engaging a seasoned asset preservation attorney can significantly enhance your planning endeavors. At Terrell Law Firm, I formulate sophisticated strategies for asset preservation catering to individuals and business proprietors in Oklahoma.


With an experience spanning over thirty years, I have gained a comprehensive outlook on asset preservation based on my experience in estate planning. My goal is to provide you with all the options and potential scenarios to help you make the best decisions to preserve your assets.

Contact The Terrell Law Firm to schedule a consultation with a lawyer today. 405-767-0020

Protect Yourself From Potential Creditors

Proactively establishing strategies for asset preservation can significantly influence your financial well-being. Whether your assets belong to your family or are integral to your business, I will assist you in assessing your alternatives to shield your assets against creditors or limit your liability from your business operations.  Additionally, I can help you determinr the most effective tools to tranfer property to your loved ones efficiently.


Some of the most common asset preservation tools include:

  • Revocable and irrevocable trusts: These instruments allow a settlor (the individual or entity setting up the trust) to manage their property even when it's no longer under their name. This shields the property from the settlor's creditors.
  • Tenancy by the entirety: This pertains to joint ownership of real estate by a married couple. In the event of one spouse's demise, the surviving spouse inherits the deceased partner's share of the property.
  • Insurance policies: Individuals and businesses can employ insurance policies to safeguard their assets against accidents or liabilities, such as professional or employment-related liabilities.


Estate planning and asset preservation are interlinked; while asset preservation focuses on sustaining your assets and their value, estate planning dictates the beneficiaries and how to transfer those assets. I, attorney Dave Terrell, am ready to help you navigate the intricacies of asset preservation and estate planning and implement the most suitable legal tools according to your needs.

What Benefits Does Asset Protection Provide?

Your real estate properties, business interests, and financial accounts number among your most precious possessions. Outright ownership or putting those assets into a revocable living trust won’t protect them from your creditors. When you transfer your assets into a well-structured LLC, irrevocable trust, offshore trust, or partnership, it’s like putting a shield of invisibility around your assets. I can help you maintain control, access, and full use of those assets without exposing them to the risk of seizure by your creditors. Additionally, asset protection can also help you minimize both estate and income taxes.

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