The Absolute Necessity Of Asset Protection Planning
Nobody expects to be sued. Just ask the 20 million people involved in lawsuits each year. Divorce, inheritance, health issues, creditors, employees, theft, changing markets, sexual harassment claims, natural disasters and disgruntled business partners are just a few issues that can result in devastating lawsuits for unprepared business owners. The highest level of risk falls on those who think they are immune.
Americans are now more concerned than ever about protecting their assets from creditor claims, taxes, divorce, and other disasters. Rightly so. The more success you have (especially in business, professional practice or real estate activities), the more at risk you are as others see your success grow.
Here are some of the “risky behaviors” that you may be engaging in right now:
- Will you be signing loan documents, a personal guaranty, or a lease?
- Do you have rental properties or employees?
- Are you an attorney or physician?
- Do you work in construction or perform professional services?
- Are you getting married having children from a prior marriage or separate property assets into the marriage?
Do not wait for calamity to strike! Schedule a 60-minute consultation with us today!
Creating Protective Structures For Your Assets
Here’s the thing: all of these activities are activities we want to see you do more of! They are, in many ways, the spice of life. What we do not want is for that spice to become too hot and impact your life negatively.
That is where we come in. We can set up your business and life structures to ensure that you can take maximum risk with minimum worry.
We assist our clients in determining the appropriate level of asset protection planning for their particular circumstances. We will consider insurance, prenuptial agreements, asset segregation, choice of jurisdiction, gifting, LLCs, partnerships, corporations, and asset protection trusts. Customized combinations are layered depending on the needs of the client and as appropriate.
There are different strategies to accomplish the protection of your assets while you are alive and after you are gone. To find out which strategies may be right for you, contact us for a Family Wealth Planning Session.
Learn How To Protect Your Wealth Today
The Mundheim Firm focuses on helping your family create estate plans that can withstand legal scrutiny. To learn more about our family wealth planning services, call us at 817-857-4433.