The world is becoming a lot smaller from a business and legislative perspective and asset protection is therefore becoming more important on a daily basis.
Lawsuits are filed today in unprecedented numbers against individuals, businesses and professional practices and indeed the average professional is likely to be sued or at least face a legal claim at least once in his or her career.
You do not need to be rich to be sued; especially if you are in a high-risk situation or business. Nor do you need to be sued to lose your assets – divorce, failed business ventures, economic instability and personal and business bankruptcy all pose a threat to asset security.
Asset preservation is a strategic process involving multi-level planning. The importance of integrating asset protection and wealth protection planning to fully protect and preserve your assets cannot be overstated. By itself, even the most sophisticated planning may not protect your wealth against the many unforeseen events and economic threats that exist today.
We consider integrating the wealth protection and the use of family trusts can help you and your family mitigate such threats.