Who needs asset protection?

Who needs asset protection?

You need asset protection if: you are facing a lawsuit; you are in a profession with a high degree of liability (doctor, lawyer, financial advisor, landlord, real estate developer, real estate investor);

How can a business owner protect their personal assets?

Purchase adequate liability insurance. Structure your business appropriately. Minimize the amount of cash in your business. Take advantage of the asset exemptions provided by the law in your state.

How can I hide my assets?

For your personal assets, such as your home you can hide your ownership in a land trust; and your cars you can hide in title holding trusts. These documents can keep your association with these items out of the public records.

How can you protect liquid assets?

Asset protection trusts (a.k.a. self-settled spendthrift trusts) can work extremely well to protect liquid assets. The asset protection trust is one of the strongest devices available to keep wealth away from judgment creditors. The most powerful of all of these is the offshore asset protection trust.

What’s the best way to protect your assets?

Bear in mind that other tax-protected accounts such as HSAs and 529s provide much more limited asset protection. Know your state laws. Here’s another great way to protect assets from your creditors–give them to someone else. If you don’t own it, your creditors can’t take it from you.

What do you need to know about asset protection planning?

Technically, asset protection planning is the debtor’s side of creditor-debtor law. While creditors are concerned about the strategies and techniques of collection, debtors are interested in the strategies and techniques for protecting their most valuable assets from potential creditors.

Who is AssetBuilder and what does it do?

AssetBuilder is for clients who want the most out of their managed investments but at a lower cost. AssetBuilder can provide that for a variety of investors, through its eight model portfolios filled with DFA funds. With DFA funds, AssetBuilder can make portfolios that perform well throughout the ups and downs of the market.

Do you have to pay fee to use AssetBuilder?

To use AssetBuilder’s robo-advisor services, you’ll have to pay an annual management fee. This fee is a percentage of your assets, and the more assets you have, the smaller the percentage you pay. This is the only fee you pay to AssetBuilder, since it does not charge commission or set-up fees.

Previous Post Next Post