Asset Protection Information

Jacob Stein specializes in structuring the ownership of your assets to make it difficult, or even impossible, for others to take them away. Creditors, plaintiffs, unhappy business partners, state and federal agencies - all can threaten those assets. Our asset protection planning can reduce, or even eliminate, those threats long before they appear. Our clients tell us that the peace of mind that asset protection brings is priceless.

Asset Protection for Accidents

The very nature of an accident is unpredictable and unintentional. Traffic accidents can happen anytime, to anyone, anywhere.

The sheer number of people out and about, driving cars and motorcycles; riding bicycles and skateboards, and running or walking, makes it highly probable that someone, somewhere will have a traffic accident. When combined with factors such as distractions, negligence, age, alcohol, and drugs, the possibility of an accident is quite significant.

About six million traffic accidents occur each year in the U.S with 6% of these ending in a fatality, 27% in a non-fatal injury, and 72% in property damage.

Unfortunately, as if accidents weren’t bad enough, they usually come hand-in-hand with a lawsuit. There is a significant plaintiff’s bar that looks to make a living off of traffic accidents. With traffic accidents claiming the highest number of personal injury cases, which could involve drivers, riders, and pedestrians, almost anyone on the road right now is in danger of a lawsuit.

We have represented hundreds of clients who were involved in traffic accidents. Our clients include those who have run over pedestrians or crashed into other cars and motorcycles, as well as bicyclists who have struck trees and cars. We have also represented a great many parents whose children were involved in accidents or illegal street races and who are facing lawsuits for a negligent entrustment of a car to a minor child.

The goal of a lawsuit is to get as much money out of the defendant as possible. Many times, the defendant is facing the possibility of losing everything they have. In fact, there are approximately 150,000 practicing attorneys in California alone. Many of them look to suing you and seizing your assets to make a living. We will make it a lot more difficult and a lot more expensive for the plaintiff’s lawyer to take your assets.

We encourage you to be proactive in protecting your assets before anything happens. We also encourage you to carry higher insurance limits and to acquire an umbrella policy.

If you have already been involved in a traffic accident and you are concerned that you may be sued, or you have already been sued, contact us immediately and we’ll explore your asset protection options together.