ASSET PROTECTION

Asset Protection Planning involves protecting your assets while you are alive and after death. You work hard to accumulate assets, and you want to preserve your wealth and safeguard your nest egg. 

However, along the way to financial security, some pitfalls can cause tremendous financial harm.

Apart from bad investments and fruitless business ventures, you are confronted with high taxes, lawsuits, and people who view the use of the legal system the same way others view a lottery ticket—let's go for the big one. 

Asset Protection Planning (sometimes called “Advanced Estate Planning”) takes into account your need to: 

• Protect assets during your life,
• Pass assets on in such a fashion as to minimize federal and state estate tax and
• Protect assets from attack by predators of your loved ones. 

So many people give their children assets via a living trust when they reach a certain age. Do you know who may get those assets if those children are sued? Do you want to protect your children’s inheritance? 

Attention must be paid to strategically positioning wealth and embodying that strategy in well-drafted documents.

Asset Protection is based on transferring assets into legal structures in which your ownership interest is shielded, minimized, or turned into a control (not ownership) interest. 

This reduces your financial vulnerability. The protection techniques that we use are strategies that have been court-approved by the legal system.

Basic Asset Protection tools include:

• Irrevocable Trusts
• Private Placement Life Insurance (PPLI)
• Private Placement Variable Annuities (PPVA)
• Revocable or "Living" Trusts
• Family Limited Partnership (FLP)
• Limited Liability Company (LLC)

To learn more about the basic asset protection tools listed above and explore some more complex solutions, don't hesitate to get in touch with us to receive our free eBook "Never Ever Lose Your Assets - Planning Beyond the Traditional."

You can also visit our PPLI library or PPVA page to learn more about their capabilities.