Asset Protection Planning

Asset Protection PlanningYou have worked hard for your money. Make sure it is available for you and your family.

Did you know you can take steps to protect your assets from inheritance taxes, an overly aggressive creditor, catastrophic medical bills, or even an ex-spouse?

Some ways to protect what you’ve earned include the use of

There is usually a trade off—the stronger the level of asset protection, the more control you give up over your assets and potentially the more expensive and complicated the asset protection devise becomes.

Asset protection can be as simple as giving your children annual exclusion gifts each year to using offshore trusts in the Cook Islands. Asset protection can mean many different things depending on the circumstances, but the general rule, is that once the liability has arisen, it may be too late to effectively protect your assets.

The safest course is to take precautionary steps now, before the liability arises and while the coast is clear.

Related Posts:

Webinar: Using Annuities as an Asset Protection Tool
Revocable Trusts vs. Irrevocable Trusts: What the Difference?
Annuities as Asset Protection for Couples: Smart Move If You Do It Right
Irrevocable Life Insurance Trusts: Make Sure Your Kids Get What You Paid For

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