ASSET PROTECTION AND ESTATE PLANNING

It is unfortunate that in today’s society, we all must think about protecting our hard-earned assets from the litigious nature of others, as well as preserving them for generations to come. This is accomplished by creating an estate and asset protection plan.

Estate and Asset protection planning involves putting in place decisions today to protect yourself, your business, and your hard-earned assets from loss due to lawsuits, creditors or bankruptcies, as well as ensuring your wishes are followed after you are gone. Estate and Asset protection planning is a must for business owners, high net worth individuals and professionals, such as doctors, whose personal assets could be at risk due the nature of what they do.

No one thinks it will happen to them, but we all know that lawsuits, divorces and corporate and individual bankruptcies are on the rise. Without a plan in place, your wealth created over the span of your life can be lost in an instant through one of these disasters. To protect your assets from such disaster, proper risk management strategies should be considered, including strategies to exempt your assets from the claims of creditors, limit your liability through legal entities, and transfer your risk through insurance.  Additionally, you must plan on what will happen to your assets when you pass so that your family and legacy is preserved.