What types of asset protection tools do your attorneys use?

At Romano & Sumner, we use a variety of asset protection tools, and we tailor each client’s strategy to his or her personal circumstances. No two asset protection strategies are exactly alike, and the tools we recommend for you will depend on a variety of factors relating to your business or profession, your risk profile, your accumulated wealth, and your estate plan. Generally speaking, however, the types of tools we use and recommend include:

• Limited liability companies (LLCs) established under Texas law and the laws of other states
• Domestic and foreign asset protection trusts
• Other legal entities and trust structures
• Overseas bank accounts and safety deposits
• Prenuptial and postnuptial agreements
• Qualified retirement plans under ERISA
• Umbrella, general liability, professional liability, and errors and omissions insurance