Planning to Protect Your Assets
When you are estate planning, one of the key considerations you need to think about is asset protection, because safeguarding your hard-earned assets from being lost due to overlooking something important is not a situation you would want to find yourself in. The most foundational level of asset protection is to plan for what will happen to your assets in the event of your incapacity or death.
If you become incapacitated or die without proper planning in place, your assets will get stuck in the court system and it could be some time for your loved ones to gain access to them. The assets could even be lost to your family completely in some situations. If it has been a few years since you have reviewed your estate plan, or if you haven’t made one at all, call us about setting up a Family Wealth Planning Session as soon as possible.
We can even help you plan to protect your assets before you become incapacitated or die. For example, if you have a business, we can help you make sure that you’ve fully separated personal and business assets, and that you are using your business entity properly and ensure that any business activities are kept within your business entity.
Keep in mind that asset protection is not reactionary, it’s preventive. It must be set up ahead of time to be effective, so if you want it set up right, do so now.
Protecting your assets takes know-how. If you’re ready to develop a smart asset protection plan, consider sitting down with a Personal Family Lawyer®. Our Family Wealth Planning Session guides you to protect and preserve what matters most.
This article is a service of Levi Alexander, Personal Family Lawyer®. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Family Wealth Planning Session, ™ during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Family Wealth Planning Session and mention this article to find out how to get this $750 session at no charge.
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