It’s tough to determine which investments to use if you don’t know your own risk tolerance. That’s why we use a program to help clients find their own risk tolerance and to score investments so they match up accordingly.
We want to introduce you to Asset Protection World.
Through educational courses, ebooks, books and videos, we serve to inform you on the most up to date concepts for preserving your wealth. We can also assist you implementing a solid asset protection plan, along side your local advisors.
Asset Protection Planners come in all varieties. Attorneys, Accountants, Financial Planners, Enrolled Agents and so on. Because the field is a relatively new offshoot of Debtor-Creditor Law. Law and accounting have been known for centuries, the barrister and the bean counter have long paved the way for all types of Asset Protection Planners.
With the emphasis in volatile markets and increases in litigation, Asset Protection has become a studied and researched field of practice. Thus, you should choose a planner who is educated, certified and practiced.
Asset Protection Planners often have other certifications and specialties since part of the field involves strategizing with legal and accounting tools and techniques. An Asset Protection Plan without a comprehensive Estate Plan is incomplete. There are two sides to a solid plan;
1) Asset Protection – The living side of estate planning
2) Estate Plans – What happens at death
Until we have real tort reform in the US, litigation will continue to get worse. Unfortunately, many people don’t think they have any exposure until it is too late. It is a common notion that many people are not aware that they could lose their home or have a lien attached in a lawsuit.
This is why you need to choose more then an expert; someone who can be effective in accomplishing the results you want when it comes to Asset Protection and Estate Planning. Many times a person gets a will from an attorney who specializes Revocable living trusts, but not asset protection.
Here are some of the following criteria that we use in qualifying our Asset Protection Planners.
Certification and Education – In order to be an Asset Protection Planner, you have to have a certain repertoire of techniques and tools. This is often the combination of multiple talents all with their own specialty. An Asset Protection Planner is generally the one who coordinates the plan while the client arranges for the transfer of assets. Therefore, the planner should be certified and have superior knowledge of titling, protection law, accounting, taxation codes, both domestic and if necessary international and succession.
A word of caution for the consumer; everyone who is certified in other fields such as law and accounting is not necessarily an expert in Estate Planning or Asset Protection.
Reputation – It is not enough to get a reference from a friend here. You should have a team of professionals working for you and this may mean as little as your accountant or attorney just checking the documents to more complicated matters and estates that require more work from the professional team.
Fees – As with all professionals, fees vary. However, the billing is calculated, you need to have a fee agreement in place. When planners do not put fees in place, it is not a good sign.
Retainer – An Asset Protection Planner may charge a retainer with a deposit due and then a collective fee agreement for certain benchmark accomplishments. This should be very clear in a agreement. Watch out for the use of a retainer and then the continuing added and often surprise billing.
Flat Fee – This again is a flat fee for a service. The client knows exactly what to expect for how much money.
Billable Hours – Sometimes an Asset Protection Planner acts as a consultant to an attorney or another Estate Planner. Often these consultations are by billable hours to provide maximum use of the client’s money. Usually there will be a ballpark estimate on hours and if you want, you can set a limit. This again should be contracted.
Experience – The experience of the planner is very important. It is hard to fathom that a planner could recommend offshore and international investments and not even have a passport or not have any affluence of the world. Be careful with planners who “profess” to be knowledgeable, but in fact, they are just good readers in the information market, which is so easily accessible by all.
Technology – When we speak of technology, we do not refer to the latest in computers; we refer to the experience with the latest tools available as granted by the IRS and by changes in legislation that may affect you plan.
Our asset protection company combines the strength of structure and diversity of creativity in the field of law, tax compliance, asset protection, estate planning and wealth preservation.
In the quest for a solid asset protection plan, we leave no stone unturned.
Our firm’s core strength is in our people and their diversity. Meeting the needs of domestic and foreign clients in the global economy is a dispensation that requires top-notch diligence and expertise. As a company we reside where your estate meets wealth preservation . We employ and coordinate tax compliant, legal strategies designed to work within the framework of your life and strive to surpass your expectations.
Each Asset Protection Plan is exclusive and therefore we do not hesitate to bring together outstanding expertise in specialized fields from across the globe to create your personal environment of prosperity resulting in absolute protection. We utilize Attorney’s, CPA’s, Financial Planner’s, Estate Planner’s, Tax Advisor’s, Insurance Company’s from all 50 states and all Global Financial Centers to help build a plan that meets your needs and stand the test of time.
We do not limit our planning to domestic structures and we gather the best global options to implement whatever asset protection strategy is needed to complete a custom solution that meets your goals.
As a company, we do not favor any one particular structure or paradigm, but prefer to assess your situation before deciding what wealth preservation strategy may work for you. It is important to note that we invite your local advisors and financial planners to part of the process.
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Financial Risk Analysis
Investments Too Risky?
It’s tough to determine which investments to use if you don’t know your own risk tolerance.