Let’s start with what Asset protection is not. Asset protection is not hiding money, giving money to relative, moving assets while under duress or avoiding taxes in any way.
What asset protection really does is use legal structures to protect and preserve your assets for your family and future generations.
There are people who cleverly use our legal system to devise ways to find and seize your money and property. We refer to them as the professional takers.
This is the reality: professional takers hunt down and corner people with unprotected assets.
While some of the professional takers may be obvious such as creditors, the simple truth is most of them are a little closer to home. Families may not talk to each other for years over money. Business partners have completely bankrupted companies to stop one another from getting at assets.
Opportunistic employees have sued companies over small, insignificant things only to come up with a nice return on investment. The truth is, even if you have the best intentions you are bound to meet professional takers and frivolous lawsuits in your lifetime.
How do you stop this litigation explosion? The answer is you cannot, you can only go and protect yourself and your family. The idea is stop the professional takers in their tracks by making it too difficult and too expensive to take your assets.
Simply stated, Asset Protection keeps your valuable assets (business, savings, house, cars, stocks, bonds, etc.) from creditors—legitimate or otherwise—that want to legally steal them from right under your nose.
There are many ways to go about protecting your assets and there is really no one size fits all system or program. You need to mindful that when you are looking at ways for your individual situation that you explore all options. There really is no one size fits all model.
We use legal time tested strategies and leave no stone unturned in the quest for protecting and preserving your net worth.
Asset Protection and Estate planning
Asset protection and estate planning are extremely important life events. While both go together hand and hand they are separate from each other. They share a common thread of life and of passing assets on to future generations.
No one likes to think of end times but consider that asset protection is the living side of estate planning. While you are accomplishing the protection and enjoyment of your assets today, it is also worth noting that your plan will help marshal those same assets to future generations.
Planning now can protect your nest egg in many ways. Health, divorce, partner disputes and more can all have a devastating affect on your net worth. Remember, as long as there are lawyers there will be litigation.