Any good Estate Planning lawyers out there who deal with layered asset protection specific to CCW holders?

Legal & Second Amendment
1

Interested to hear what other CCW’s out there have in place to protect their homes, IRA’s, investments, savings etc in addition to their USCCA plan.

I am in California, arguably the most letigious state in the union, and am looking into the most robust way to protect ALL assets in the unfortunate event of a use of deadly force incident, particularly a civil claim that exceed 2 million (USCCA limit).

Lets here your strategy? How much did it cost you to set it all up? Trust (revocable, irrevocable), Holding Company, LLC’s ?

California has a “PRP” , A PRP is a non-qualified (non-ERISA) retirement plan you create specifically for retirement purposes that makes things pretty much bulletproof (pun intended) but it may not be the “right” choice for some people. THey are fairly expensive to set up, require independent trustees and plan administrators.

Interested to see where this conversation goes.

3 Likes
2
1 Like
3

Just as a side note.

Word to the wise, just in case this helps and if your state allows it, dear all 50 state friends:

Get your health care power of attorney filled out and signed now, while you are ok, and of sound mind. The form is normally free to download.

Get your power of attorney for property and finance filled out and signed now. The form is normally free to download. However, might require it to be notarized.

3 Likes
4

Thanks, Burdo. My daughter mentioned it last week and I didn’t take her seriously. I’ll look at it now.

2 Likes