Asset Protection Basics Tell us why asset protection is so important?
We live in a law-suit crazy, financially risky world; one where people unexpectedly lose their assets. More families, individuals and businesses get sued or go bankrupt each year. It can happen to anyone! That’s why so many people today are anxious to protect their wealth; they seek financial security and want peace of mind! Isn’t asset protection only for the wealthy? Absolutely not! It’s true that America’s wealthiest families were traditionally deep pocket defendants who were most concerned about shielding their wealth. The social elites of past eras sheltered their massive wealth with trusts, family corporations and other protective entities which privatized or lawsuit-proofed their properties; however, they seldom referred to their financial strategy as ‘asset protection’. But the super-rich are no longer the only lawsuit targets – Americans with any assets now need protection! How can I assist my professionals? Become knowledgeable! To some extent, you must take your own counsel.
