Asset Protection

1. Good planning is essential to a sound asset protection plan.

2. You must start with the reality that you can at any time face a wealth-robbing crisis from any direction. Without an asset protection plan you are vulnerable.

3. Asset protection is legal and ethical financial self-defense using structures and strategies approved for that purpose by our legal system.

4. Asset protection planning requires you to involve family members and other trusted individuals who will play a role in or be affected by your plan.

5. Prioritize your financial objectives so your plan properly integrates tax, estate planning and investment goals.

6. Make asset protection a lifelong commitment. It is too easy to relax your protection once a danger passesand that only makes you vulnerable once again.

7. You need asset protection professionals to design your best plan. That means involving your tax advisor and financial planner as well as an attorney who specializes in this field.

8. Make certain that you protect all your assets and not only the most obvious ones.

9. Keep a low profile. Good planning includes learning how not to attract the wrong kind of attention.

10. Protect yourself before it's too late. The time to protect assets is before you have creditors.