Do not rely on secrecy or concealment to prevent creditors from learning about your assets. You can be forced to testify under oath, and if you attempt to deny or conceal ownership you will be committing the crime of perjury.

With the use of computers and investigations that are available modernly it is not difficult for creditors to locate assets, including those that have been kept overseas.

You are only required to disclose your assets when a creditor (a) obtains a judgment against you, (b) when you are sued for punitive damages and the assets are relevant to the award, and (c) when you are involved in litigation involving the fraudulent conveyance and the assets are relevant to the discovery.

Creditors that are entitled to discovery of the assets of a debtor have great discretion in their examination and procedures.

Spouses can be forced to disclose their finances to a judgment creditor whether or not they are involved in the litigation.

Insurance companies may be required to disclose information about your assets to judgment creditors.

About Matt Mullhofer

Since 1999, Matt Mullhofer has been an attorney licensed by the State Bar of California and a member in good standing.

Matt Mullhofer has extensive experience in the area of estate planning and asset protection, which includes the formation of trusts, wills, family limited partnerships, limited liability companies, and domestic corporations.

Additionally, Matt Mullhofer has formed numerous corporations, trusts, and private family limited partnerships. Matt Mullhofer has been a featured speaker at many estate planning and asset protection seminars. Matt Mullhofer has extensive experience in business and corporate law, civil litigation, probate, and real estate law. Matt Mullhofer has negotiated many commercial and residential real estate leases and transactions. Matt Mullhofer has also experienced success in representation of taxpayers regarding collection efforts by the Internal Revenue Service, Franchise Tax Board, and State Board of Equalization.

BEGIN WITH REALITY – You must face the reality that your wealth may be threatened at any time and without adequate warning.

OPERATE LEGALLY – Asset protection is a legal tool available to you in order to protect your wealth, however, you must use competent professionals who are familiar with the legal system.

MAKE A COMMITMENT – Asset protection requires that you involve your family members and other individuals in a life long commitment of estate planning and investment strategizing.

PRIORITIZE – Consider all of your life long financial objectives and make a plan that includes all of them.

USE PROFESSIONALS – To design the most effective plan possible you need to include all of your financial professionals including your tax advisor, financial planner, and an attorney who specializes in the field.

PROTECT EVERYTHING – Check to make sure that you have protected all of your assets, not just the major ones.

LOW PROFILE – Don’t draw any unnecessary attention to your assets.

ACT NOW – Effective and successful asset protection takes place before there are creditors, and before there is a threat to your assets.

About Matt Mullhofer

Since 1999, Matt Mullhofer has been an attorney licensed by the State Bar of California and a member in good standing.

Matt Mullhofer has extensive experience in business and corporate law, civil litigation, probate, and real estate law. Matt Mullhofer has negotiated many commercial and residential real estate leases and transactions. Matt Mullhofer has drafted and negotiated numerous business contacts and sale agreements for business owners. In the area of Intellectual Property, Matt Mullhofer has acquired extensive experience representing corporations in the acquisition, licensing, and registration of their trademarks and copyrights.

Matt Mullhofer has also experienced success in representation of taxpayers regarding collection efforts by the Internal Revenue Service, Franchise Tax Board, and State Board of Equalization. Matt Mullhofer also handles Chapter 7 Bankruptcy cases with an emphasis in discharging taxes in bankruptcy.

Matt Mullhofer is admitted to practice before the Supreme Court of California, the United States District Court, and the United States Tax Court. Matt Mullhofer received a Juris Doctor Degree from Western State University, College of Law, emphasizing in estate planning and taxation. Matt Mullhofer received a Bachelor of Arts Degree in Political Science and English minor from California State University at Chico.