What is Asset Protection?
Asset protection includes the careful creation and use of Wills, Trusts, Durable Powers of Attorney, Gifting, Estate Tax Planning, and Living Wills to protect you and your assets while you are living and to protect your heirs after you pass away. These documents can also protect your beneficiaries from unnecessary taxation that can drastically reduce their inheritance.
Not Just for the Rich
Do you believe that only wealthy people need to worry about asset protection? That’s not the case. Anyone with a house, a car, retirement accounts, and bank accounts should consider protecting their assets from creditors, predators, and the high cost of long-term care. You can even protect the inheritance you leave to your children from their creditors and their spouses in the event of a divorce.