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, even just driving a car or owning a home, can put your assets at risk, especially if you own a business.
Are you:

  • a board member, officer or director of a public or private business; or
  • a board member of a charitable, school private foundation or other board; or
  • selling a business and replacing recurring income with a single lump sum?

Do you:

  • have assets that would be difficult to replace if lost or reduced; or
  • you own your own business; or
  • have other professional liability; or
  • own income-generating assets like investment real estate that come with liability risk?

Common Issues

Let’s take a holistic review of your situation and family dynamics and answer your questions about asset protection, which might be:

  • Does the planning I already have in place protect my assets, business and family?
  • I’m selling my business, how can I protect my payout so that my family remains secure?

Let’s Stay Connected

Whether it’s estate planning, legal guidance for your business, or both, our regular newsletters keep you connected and informed with practical tips, updates, and encouragement to keep your plan up to date, your business in the right direction, and your mind at peace.