Asset Protection Attorney in Chicago
AV Preeminent® Attorneys. Over 115 Years of Combined Experience. Premier-Firm Results at Competitive Rates.
Asset protection is the legal process of structuring what you own so that future creditors, claimants, and judgments can’t easily reach it. For Chicago business owners and real estate investors, the exposure is real: an LLC dispute, a tenant claim, or a commercial contract gone wrong can threaten personal holdings if no separation structure exists. At Regas & Dallas P.C., we build asset protection plans from within an active commercial litigation, corporate formation, and real estate practice. The attorneys who draft your LLC operating agreement and defend creditor’s rights disputes also structure your protection plan.
The single most important rule in asset protection: it must be in place before a claim arises. Under Illinois law, transfers made after a lawsuit is filed, or made with intent to hinder creditors, can be unwound as fraudulent conveyances. Planning after the fact is legally constrained. Planning now isn’t.
If you’re a business owner or real estate investor in Chicago, contact Regas & Dallas P.C. to schedule a consultation. Call us at (312) 702-1809 and we can respond the same day.
Asset Protection Services We Provide
Our firm has served Chicago’s business and real estate community since 2003. Our client base includes small and medium-sized businesses, real estate investors, commercial developers, and banks, and our asset protection work reflects that range. We address business entity risk, real property exposure, and personal wealth, coordinating structures across the full business lifecycle.
The legal instruments we use depend on what you own and what you’re protecting against. Common structures include:
- LLC formation: A properly structured LLC separates personal assets from business liabilities and is one of the most widely used starting points for business owners.
- Irrevocable trusts: Unlike a revocable living trust, an irrevocable trust removes assets from your direct control, making them less accessible to your personal creditors.
- Illinois land trusts: A recognized mechanism for real estate investors that allows property to be held so the beneficiary’s identity doesn’t appear in the public chain of title.
- Family limited partnerships: Used to consolidate business or investment assets under a single structure with transfer restrictions that can discourage creditor claims.
- Retirement accounts: IRAs and 401(k)s carry statutory protections under federal and Illinois law and are often part of a comprehensive strategy.
Asset protection planning doesn’t operate in isolation. We coordinate these structures with business succession planning and estate planning so they can function across your lifetime and beyond.
Why Chicago Clients Choose Regas & Dallas P.C.
Our attorneys carry over 115 years of combined legal experience and have earned the AV Preeminent® rating from Martindale-Hubbell®, the highest peer-review rating available. That recognition reflects what clients and peers have said about the quality of our work across commercial transactions, litigation, and planning matters.
We’re a boutique practice. Clients receive direct attorney attention from the first call, not a hand-off to junior staff. We return calls and messages the same day, and we approach every engagement with the practical, common-sense thinking that commercial clients need when the stakes are real.
Our fees are below those of other premier downtown Chicago firms. For clients who want sophisticated legal structuring without the overhead of a large institutional practice, that difference matters.
Start Your Asset Protection Plan
The right time to build a protection strategy is before you need it. We work with Chicago business owners and real estate investors to assess their current exposure and put appropriate structures in place. Consultations are available by phone or through our online contact form.
Contact Regas & Dallas P.C. today to speak with an asset protection attorney in Chicago. Call (312) 702-1809 for same-day follow-up.
What Sets Us Apart?
A Proven Record of Success Guided With a Century of Combined Experience
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Attorneys achieved the highest rating of AV Preeminent® Attorney by Martindale-Hubbell®.
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Over 115 years of combined legal experience between our professional team of attorneys.
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Client-focused advocacy. We take the time to understand your case.
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Same-day follow up to your calls and messages.
A Reflection of Our Firm
Our Clients Share Their Experience
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Bill Dallas helped me so much with a former employer, he listened to my concerns, asked good questions and was able to explain things clearly to me. He was able to find a resolution and resolve my problem before the weekend even came! The response was quick and very efficient, I hope I never have to work with an attorney again but if I do, it will be Bill Dallas!- Sarah A.
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Bill did an amazing job of guiding me through the process of forming my PLLC, as well as providing me insight and clarity about how to keep myself and my practice safe and thriving. Great communication and service throughout. Highly recommended- Scott R.
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I had a complex legal issue relating to Contract Law, which on first glance, there was no good solution. I am an attorney, but I am not a specialist in Contract Law. I contacted Bill Dallas because I understood that he is an expert in Contract Law. Bill took my initial call, was very nice, listened attentively, and the next day, I received an email with the answer that I needed. Bill, and his associate, Nicholas Lacourt, looked at the issue, and found the answer that I needed to proceed and to eventually resolve the issue to my satisfaction. I highly recommend Bill Dallas, Nicholas Lacourt, and their entire firm.- Dianne O.
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Bill Dallas has help us so much over the last year. He made the whole process of starting our new business very easy. The whole team is very knowledgeable and wonderful to work with!- Elise J.
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Bill Dallas helped my company, and me, resolve a contentious business issue that had been plaguing us for months. Bill was attentive to every detail, responded quickly to my communications, and secured for us a very satisfactory outcome. I highly recommend Bill Dallas and his team. True professionals who really do care about their clients.- Kevin C.
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Regas, Frezados & Dallas has represented me on numerous cases, ranging from real estate transactions to employment contract negotiations. I have worked directly with both Bill Dallas and Steven Dallas, and they have delivered an exceptional result on each occasion. Their experience and strategic approach make them effective in anticipating and navigating negotiations, and they consistently put me in a position of confidence and leverage. RFD has my trust and my recommendation, and they will continue to be my firm of choice for all future matters.- Andrew W.
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Mr. Dallas is an affable professional who assertively handled our case and availed an excellent outcome! I highly recommend him.- Pilar T.
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I have had the pleasure of working w bill dallas and his legal team for over 15 years- Amarik S.
He has provided legal counsel for me and my family on both personal and business matters
Whatever the issue, he has a solution
I highly recommend bill to anyone in need of legal advice.