Asset Protection for Everyone

Asset protection isn’t only for the rich. Does your business expose you to get sued and lose your assets to creditors? Is there an important heirloom you want to ensure stays with you and your family? In situations like these, there are strategies available to minimize your risk and make it more difficult for creditors and others to reach what’s important to you.

For those (and their advisors) who are concerned about protecting their assets, understanding the basic issues will guarantee a more successful outcome. Here are some common issues, designed in summary format with links that will provide the understanding necessary in order to preserve your wealth.

Who Needs Asset Protection?

COMMON RISK FACTORS OF THOSE WHO SHOULD CONSIDER ASSET PROTECTION

Some common situations can put your assets at risk.

• Do you drive a vehicle and/or own a home; and,
• are a board member, officer or director of a public or private business; or
• are a board member of a charitable, school private foundation or other board; or
• have assets that would be difficult to replace if lost or reduced; or
• have employees; or
• you own your own business; or
• have professional liability; or
• own income-generating assets like investment real estate that come with liability risk; or
• are selling a business and replacing recurring income with a single lump sum

Common Issues

Many do nothing because they don’t want to make Asset Protection Mistakes

• How safely learn if the Planning I have will Protect my assets, business and family?
• I’m Selling My Business – Why Do I need Asset Protection?