| Asset Protection | | | | from the concept of the charging order limitation, |
| Despite the relative large number of lawyers that | | | | addressed in more detail below. Even basic digital |
| presumably would handle divorce, adoption and child | | | | cameras can offer quite advanced features |
| custody matters, Texas reported that of 77,056 | | | | nowadays. The final available alternative to protect a |
| attorneys, only 697 in the entire state were certified in | | | | personal residence is by contributing the residence to a |
| family law (which is, arguably, the applicable specialty). | | | | qualified personal residence trust ("QPRT"). |
| Assets owned by a debtor through a legal entity are | | | | Specialization in patent law is administered by the |
| not deemed owned by the debtor because legal | | | | Office of Enrollment and Discipline of the USPTO, |
| entities have a separate juridical existence. Other | | | | which imposes stringent requirements for applicants to |
| states allow indirect indications of specialization (in | | | | become registered as patent attorneys or patent |
| forms of advertisements such as "our practice is | | | | agents. |
| limited to . While this technique affords the client the | | | | Engaging in after-the-fact asset protection planning |
| best possible protection, it is also the most radical and | | | | may be deemed to be a fraudulent transfer allowing |
| may result in additional income taxes. By contrast an | | | | the creditor to set aside the planning. A properly |
| attorney-at-law, or lawyer, is a person trained and | | | | structured asset protection plan allows the debtor to |
| licensed by a relevant jurisdiction to practice law: to | | | | reveal the nature and the structure of the plan without |
| represent clients in legal matters and to give legal | | | | sacrificing its efficency Categories: Business law | |
| advice. | | | | Personal financeViewsArticle Discussion Edit this page |
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| The vast majority of lawyers practicing in a particular | | | | Navigation |
| field may typically not be certified as specialists in that | | | | The license is available for work with (1) a legal aid |
| field (and state board certification is not generally | | | | bureau, legal assistance program, organization or clinic |
| required to practice law in any field). The protection | | | | chartered by the State of Illinois or approved by a law |
| afforded by LLCs and limited partnerships is derived | | | | school approved by the American Bar Association. |