As you plan for the future, it’s not just about who gets your assets—it’s about making sure those assets are still there to give. That’s where asset protection comes in. Whether you’re an individual with a growing estate or a business owner facing potential liability, an experienced asset protection attorney can help you guard your wealth against lawsuits, creditors, and financial pitfalls.

At The Terrell Law Firm, we help clients in Oklahoma City and surrounding areas develop customized legal strategies to preserve what they’ve built—and protect their peace of mind.

What Is Asset Protection?

Asset protection is a proactive legal strategy that uses tools like trusts, LLCs, and ownership structures to shield your property, finances, and business interests from legal claims and financial threats.

It’s not just for the ultra-wealthy. Anyone with savings, real estate, a small business, or investments can benefit from protecting their assets—especially in today’s uncertain economic and legal climate.

Asset protection works hand in hand with estate planning to:

• Minimize taxes
• Reduce liability exposure
• Preserve wealth for future generations
• Keep control in your hands—not the court's or your creditors’

Who Needs Asset Protection?

You may benefit from asset protection if you are:

• A business owner or real estate investor
• A professional in a high-risk industry (like healthcare, law, or finance)
• A person going through divorce or a high-conflict lawsuit
• A parent or grandparent planning to transfer wealth
• Anyone concerned about rising debt, legal exposure, or long-term care costs

The earlier you begin planning, the more options you have—and the stronger your legal defenses will be.

Key Tools for Protecting Assets in Oklahoma

At The Terrell Law Firm, we tailor asset protection plans using legal tools like:

🔹 Revocable and Irrevocable Trusts

Trusts allow you to transfer ownership of your assets to a legal entity while maintaining some level of control. A revocable living trust is flexible, while an irrevocable trust provides stronger protection from creditors.

🔹 Limited Liability Companies (LLCs)

LLCs are a common tool for business owners or property investors. They separate personal and business liability, helping to insulate personal assets from lawsuits related to business activities.

🔹 Tenancy by the Entirety

In Oklahoma, married couples can use this form of joint ownership for real estate. If structured correctly, it can prevent a creditor from seizing the property to satisfy only one spouse’s debt.

🔹 Insurance Coverage

Strategic use of umbrella policies, professional liability insurance, and business coverage can add another layer of protection against unforeseen claims.

Asset Protection vs. Estate Planning

Although closely related, these two legal strategies serve different—but complementary—purposes.

• Asset protection focuses on preserving your wealth from creditors and liabilities.
• Estate planning determines who receives your wealth and how it’s passed on.

Both are essential parts of a complete financial plan. At The Terrell Law Firm, we guide you through both with clarity and care, ensuring your legacy stays intact.

Why Work with an Asset Protection Attorney?

Asset protection isn’t one-size-fits-all. Using the wrong tool—or using the right tool too late—can actually put your wealth at greater risk. An experienced attorney can help you:

• Avoid fraudulent transfer accusations
• Navigate complex laws governing trusts and LLCs
• Stay compliant with both state and federal law
• Ensure your plan holds up in court

Attorney Dave Terrell brings over 30 years of legal experience in estate planning and asset protection to every case. With deep local knowledge and personalized strategy, our firm helps you stay protected—without giving up control.

Let’s Build Your Financial Shield

If you want to protect your assets, preserve your legacy, and plan for the future with confidence, now is the time to act. Don’t wait until there’s a lawsuit or crisis—the best time to protect your wealth is before you need to.