What is Asset Protection?

Asset protection is defined as the safeguarding of personal wealth from attack by future creditors.

Why do I need asset protection?

There are thousands of lawsuits filed daily in the U.S. The chances of being on the wrong end of a lawsuit is very likely. And if you are a business owner or a professional, the chances are much greater. Lawsuits often far exceed insurance policy limits.

An asset protection plan will legally limit the exposure of your personal assets, as well as, protecting your business assets by reducing the claimant's financial incentive to sue.

When should I set up an effect asset protection plan?

You must set up an asset protection plan before the threat of litigation arises.

Who is qualified to provide asset protection services?

There are many advisors that provide asset protection services, however, there are very few who know what they are doing. There is a lot of misinformation and just plain wrong information being spread around.

And there is usually too much subject matter for a single asset protection planner to handle by himself, not to mention conflicts of interest. In fact, we find the subject to be so broad, that we provide a team approach. Of attorneys, tax planners and CPA's.

Things to look for are experience in the field and education. Look for advanced degrees in law and tax with concentrations in specific areas.