Asset Protection Review

Asset Protection Review

Asset Protection Review

Do You Need an Estate and Asset Protection Planning Checkup?

As a general statement, most of the general public who earn a good living and/or have amassed wealth, do not have the proper estate or asset protection plan.

The following are statistics about the more affluent general public when looking at a group of ten.

*Provided by the Wealth Preservation Institute

The need for estate planning documents is obvious.  You need a will, especially if you have minor children, to make sure the appropriate people receive custody of the children in the event of a terrible accident killing both parents.  You need durable powers to make sure the living spouse or other loved ones do not have to go to court to make life-sustaining decisions or to sign legal documents for someone who is incapacitated. Living trusts are needed to maximize estate tax exemptions and to avoid probate.  FLPs are needed to centralize governance of family assets and discount the value of the estate for estate tax purposes.  An ILIT is needed to pass the death benefit to your heir’s estate tax-free.

If you do not have the above-mentioned tools you need a checkup.

What about asset protection planning

Ask yourself the following questions:

If you answered no to any or certainly most or all of the above questions, you are in serious need of a checkup.

What about protection from stock market losses?

Ask yourself the following questions:

If you answered yes to the first two questions and no to the last two questions, you should contact our office for a checkup and learn about the unique wealth-building tools you can use to reach your financial goals with the least amount of risk.

If you would like our firm to outline your asset and estate planning needs and help you position your wealth to grow in the least risky manner possible to meet your financial/retirement planning needs, please click here or phone 704.464.2426. To sign up for a free consultation or to just get more information click here.

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