A. The answer to this question is another question. “How much are you willing to lose?” The less you are willing to lose, the more Asset Protection you need. There are different levels of protection and the techniques of protection vary depending upon the assets that need to be protected.
Q. Is Asset Protection expensive?
A. You should be able to get quality work for an affordable price.
Q. Will a trust benefit me?
A. A properly constructed trust will offer protection to some extent. The trust must be formed long before any threats or attacks and the longer the trust stands, the greater the protection. Trusts just like all Asset Protection must be set up before any problems have arisen.
Q. Will a domestic corporation protect my assets?
A. A domestic corporation can create protection and it can cause liability. Without proper design and structure, a domestic corporation may provide little or no Asset Protection. On the other hand, operating a business without registration can cause great personal liability. This is why you need advisors who are ready to present the best cutting-edge options for your benefit.
Q. What if I do not have an Estate Plan?
A. If you do not have an estate plan, your estate will pass into the probate courts. This means a judge will determine how to divide your estate and how much of the estate will be garnished by taxation. Often this results in losing over 50% of an estate and sometimes as much as 70%. The point is that complications and double taxation can be avoided.
Financial Risk Analysis
Investments Too Risky?
It’s tough to determine which investments to use if you don’t know your own risk tolerance.