Asset Protection Review (APR)

If you are unsure about what steps to take with regard to entity formation or asset protection generally, we would be glad to assist you with an asset protection review.

What is an APR?

This is the description of the APR process from elsewhere on our website: 

The APR is an analysis of circumstances and goals with recommendations for action. It is a good starting point if a client is uncertain about what action to take regarding a business/investment structure or defending assets. We ask that you provide us in advance with a concise list of assets liabilities (not full financials) as well as any legal action that may be pending or threatened. Note that the APR is a dialogue between attorney and client (rather than a formal report) which must occur within the immediate time frame (three days) to be included in the flat fee.

In terms of format, the APR is a dialogue between attorney and client (rather than some sort of glossy formal analysis or report).

APR Process

The APR is conducted entirely online, supplemented by phone if necessary. It is not necessary to set a specific appointment time. The APR must occur within the immediate time frame (three days) to be included in the APR flat fee. Per our Fees & Policies, it may take up to 1.5 hours of attorney time and is subject to our usual reasonableness standard as to its content, scope, and duration.

Note that Mr. Willis no longer practices either federal or U.S. bankruptcy law (it is a specialty nowdays) and therefore may only offer general comments in those areas. Our focus is more on the state exemptions and maintaining/defending them in state court. We can refer you to a bankruptcy specialist in the Houston or Dallas area if that is needed.

APR Fees

APR fees are $350 for sales price/issues up to $600,000; $550 from $600,000 to 1.1M; $375 for 1.1M to 5M; and $1,500 in excess of $5M.

It is payment that puts your task in the queue and causes us to open a file, make a record of any case information you may send, and/or download any of your attachments. Response time is one to two business days from the time we receive all necessary information and payment from the client.

What We Need from the Client

If you would like to proceed with an APR, we would ask that you provide us with a concise list of assets and liabilities (not full financials); a concise summary description of your current entity/asset protection structure, if any; and a description of legal action that may be currently on file or threatened, along with copies of the pleadings (Original Petition and Original Answer) in any pending lawsuit.

If litigation is pending, we would need to know if any discovery (interrogatories, requests for production) has been served upon you.

You would then need to go to "Payment" on the website and handle the applicable legal fee.

Transmission of Supporting Documents

Copies of supporting documents can scanned/emailed or faxed to (832) 201-5321 Please email or fax copies of these after making payment (not before, since we will not yet have set up your file). Professional courtesy requires that each document be transmitted in conventional scan/email fashion, as a single document, rather than sending multiple pages all as separate attachments (very cumbersome and time consuming for the recipient). For this reason, please do not use jpeg format. And please avoid "data dumps" by including only relevant items. Very large document transmissions may result in our switching from a flat fee to our $350 hourly rate (two-hour minimum).

If you have any questions about the APR process, please do not hesitate to ask. We look forward to assisting you.