Oswego Asset Protection Attorneys

Lawyers for Property Owners and Rental Property Ownership in Oswego and Kendall County

Asset protection and estate planning are critical for property owners and rental property investors. At Gateville Law Firm, our real estate attorney understands that the most significant concerns for our clients who are property owners and landlords are estate planning and asset protection. On a weekly basis, we get phone calls from family members of deceased loved ones who lacked proper estate planning. The second biggest concern is a lack of asset protection for rental property investors. Most rental property owners with two or more properties have their rental properties placed in their personal name (or their spouse's name along with their name), which can expose them to liability.

Recessions bring lawsuits and change. In 2008, our founder worked with rental property owners that were former millionaires. These clients were former millionaires because they lost all their properties in the financial crisis. One lawsuit can threaten a lifetime of good decisions. We can help you prepare for the unexpected and protect against these types of losses.

Oswego Asset Protection Attorneys for Rental Property Owners and Landlords

Asset protection consists of financial planning for lawsuits. The purpose behind asset protection (otherwise known as "Wealth Preservation Planning") is to shelter one's rental properties and assets beyond the reach of creditors. Asset protection is for normal people who work hard to build up a rental property portfolio.

Rental property investments are an excellent way to build multiple streams of income. These streams of income are produced by different properties that have liability risks and concerns. CPAs or financial accountants are not qualified to assist with these matters. In most cases, real estate and estate planning attorneys are ill-equipped to devise an asset protection plan. Our lawyer has the necessary experience to handle these issues and ensure that our clients have the protection they need.

Our asset protection planning strategies are devised from working with rental property owners and business owners who have faced legal judgments. These issues can occur during recessions, and landlords and property owners will need to be prepared for a potential housing decline. However, these situations can also create opportunities for wealth creation activity for real estate investors and property owners. We can provide guidance on the best strategies to protect assets and preserve wealth, regardless of what may happen in the future.

LLC Attorneys in Oswego for Real Estate Investors and Rental Property Owners

A proper business structure utilizes Limited Liability Companies, otherwise known as "LLCs." Holding companies and subsidiaries may be utilized to maximize profitability and minimize liability concerns. Asset protection is a proper business expense. The trick is combining your estate planning and asset protection goals together to produce a good financial plan. Real estate legacy law is the combination of estate planning and asset protection goals coupled together to assist rental property owners and real estate investors.

Real Estate Attorney for Rental Property Owners in Oswego

As real estate attorneys, we work with real estate investors and property owners with regard to flips, investment property purchases and sales, 1031 like-kind exchanges, and real estate evictions. Our real estate team has handled thousands of closings in a variety of different scenarios. We couple our real estate, estate planning, and asset protection experience to assist landlords, real estate property owners, and rental property investors.

Oswego Asset Protection Attorneys for Property Owners and Rental Property Investors

Whether you are purchasing or selling property or need a residential eviction attorney, Gateville Law Firm is a full-service boutique law firm for rental property owners. The key difference in our boutique law firm is our comprehensive real estate knowledge and experience surrounding rental property ownership. Call us today at 630-780-1034 or send a message via our online contact form.