Wealth Preservation & Asset Protection

Wealth preservation is one of the most significant concerns for families that have worked hard to build a nest egg. Estate Planning not only involves planning for the distribution of financial assets, but should also include wealth preservation and asset protection to help maintain financial security. With the proper strategy and plans in place, a family can feel more comfortable about their long term financial future no matter what happens.

We work closely with accountants and other financial professionals to help minimize the legal tax responsibility of an individual’s estate. Structuring and protecting your assets correctly can significantly decrease the tax burden on your loved ones.

No one has worked harder for your financial success than you. Preserving that wealth allows you to protect your family’s future, ensuring that your success stays with your family and not the government. There are a variety of wealth preservation tools and strategies available to today’s family. The key is determining the right tool and having it drafted properly.

Certain trusts can help reduce confiscatory estate and gift taxes, and offer protection for the future.

The best time to engage in asset protection is before you have any known or ascertainable creditors. Understanding your liabilities and mitigating a potential creditor’s access to them can avoid hassles in the long run and keep those assets in your hands. There are many asset protection tools and strategies available depending on your situation.

Advanced creditor protection techniques, including family limited partnerships, irrevocable trusts in certain states, and other ownership structures may be an option for situations where a family has significant or diversified assets.

Proper estate planning and asset management are simply preventive steps should the unexpected happen. Naturally, we all think that something unfortunate will never occur. At the same time, we all know of family members, friends, and neighbors who have suffered the loss of a family member. Certainly, no one wants to leave their beloved family in a difficult situation. A proper estate and wealth preservation plan is the best way to avoid placing these difficult decisions on your family.

We are happy to discuss how our comprehensive wealth preservation and asset protection services can help protect your family’s future.