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Services - Asset Protection

We believe that all areas of your financial plan should work together in a closely coordinated manner that focuses on achieving your specific goals. We provide a full range of services including, Asset Protection, Income Tax Reduction, Estate Planning, Charitable Giving and My Wealth Plan 360º.

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Guard your wealth the right way

You’ve worked hard for what you own, and you want to keep it. Unfortunately, malpractice, lawsuits, and other liabilities can quickly devastate assets that you’ve spent a lifetime building. A comprehensive asset protection plan uses multiple legal techniques to deter would-be creditors from taking your assets. If you are a physician or surgeon, asset protection planning is especially important. A 2011 study by the New England Journal of Medicine showed that 99% of physicians in a high-risk specialty will have had at least one malpractice claim by the age of 65. If you own a business or rental properties, having the proper legal entities and LLC’s in place can protect your personal assets from any claims against the business or property. In addition, the assets owned by an LLC are protected from the personal liability of any of the members. The overarching goal of any asset protection plan is to make your assets as difficult as possible to get in a liability claim. At Wealth Planning Network, we utilize a variety of tools including LLC’s, family limited partnerships, holding corporations, management corporations, and irrevocable trusts to protect the assets our clients have worked hard to accumulate.


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Additional Information

Trust Owned Life Insurance- How to Effectively Use Insurance For Estate Planning

Aug 17

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What are Charitable Remainder Trusts?

Jun 15

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Have You Considered Buying Life Insurance?

Apr 11

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Selling the Family Business?

Apr 11

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Protecting Your Most Valuable Asset Using Disability Insurance

Feb 19

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Concerned About Market Volatility?

Jan 26

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Do I Need a Large Estate to Have an Estate Plan?

Oct 19

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Using Trusts for Estate Planning

Oct 19

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Estate Planning for Foreign Nationals

Sep 21

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September is Life Insurance Awareness Month!

Sep 21

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Market Volatility- What You Need To Know

Aug 25

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Is Your Portfolio Too Risky?

Aug 10

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Business Succession Planning: What You Need To Know

Jul 28

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The Importance of Multidisciplinary Wealth Management

Jul 10

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Considering a Spousal Limited Access Trust?

Jun 23

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What is Premium Financing and How Can it Benefit You?

Jun 09

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The Problem With Probate

May 08

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The Real Story Behind 770 Accounts

Apr 28

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President’s Proposed 2016 Budget Could Substantially Affect Estate Planning

Apr 02

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Who Needs Estate Planning?

Mar 24

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Have You Completed Your Annual Financial Checkup?

Mar 17

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