WHAT IS ASSET PROTECTION?
Asset protection is a way of protecting an individual’s assets in the event of legal proceedings being brought against the individual. There are a number of reasons why a person may wish to do this. A main factor is to limit the amount of assets that can be recovered if legal proceedings are put in place. Another is to protect how much monetary value is actually placed under one’s name. The less money or assets people know you have, the less likely they are to target you for theft or in a court case. The act of placing your assets into a business entity or trust means that another person cannot gain access to these assets. The assets also cannot be identified as yours by criminals who, on seeing your worth, may try to use identity theft to gain access to your assets. Anyone who has a substantial amount of wealth can find asset protection advantageous. It is particularly helpful to people who work in professions with a propensity towards litigation. Lawyers, doctors and business owners
If you want the technical answer, it’s the practice of taking very specialized steps to minimize or eliminate the risk of creditors or other claimants from being able to find and take your assets. Plain and simple: it’s keeping others from taking your stuff…ANY of it!” – Rob Lambert, Chairman of Trustmakers Financial Services What does Trustmakers Offer? A company that has done it before. A company that works only to create asset protection plans. A company that has an extensive track record with some of the wealthiest people on the planet. A company whose products have never been pierced. With a properly constructed and implemented Asset Protection Plan, you can normally prevent: Creditors from reaching your assets or the assets of the trust. You’re soon to be ex-spouse from taking you to the financial cleaners. Your business partner’s mistakes from ruining your nest egg. A disgruntled customer or employee from putting you out of business. The government from seizing and keeping you
