Asset protection planning involves structuring the client's assets to minimize the risk of loss. Some common risk areas are civil litigation, bankruptcy, divorce, and civil or criminal penalties.

This area of wealth planning is particularly important for clients who are practicing professionals, such as physicians, attorneys, and accountants. Professionals are not permitted to limit their personal liability for professional malpractice through the use of corporations or other business entities. Professionals must rely on alternatives, such as malpractice insurance, to limit their personal liability. Asset protection planning, as part of a broader wealth plan, can significantly reduce these costs.

Asset protection planning is not a single service or technique, but rather involves continuous strategic planning and placement of assets. This relationship requires constant review of the client's goals and risks. Some asset protection planning tools include:

  • limited liability partnerships
  • limited liability companies
  • buy-sell agreements
  • retirement benefits
  • domestic and foreign insurance contracts
  • domestic and foreign annuity contracts
  • domestic and foreign trusts
  • Pre- and post-marital agreements

    • Complete ourWill Intake Form to begin your Asset Protection Planning »