8 Tips For Planning

  1. BEGIN WITH REALITY. You must face the reality that your wealth may be threatened at any time and without adequate warning.
  2. OPERATE LEGALLY. Asset protection is a legal tool available to you in order to protect your wealth, however, you must use competent professionals who are familiar with the legal system.
  3. MAKE A COMMITMENT. Asset protection requires that you involve your family members and other individuals in a lifelong commitment of estate planning and investment strategizing.
  4. PRIORITIZE. Consider all of your lifelong financial objectives and make a plan that includes all of them.
  5. USE PROFESSIONALS. To design the most effective plan possible you need to include all of your financial professionals including your tax advisor, financial planner, and an attorney who specializes in the field.
  6. PROTECT EVERYTHING. Check to make sure that you have protected all of your assets, not just the major ones.
  7. KEEP A LOW PROFILE. Don’t draw any unnecessary attention to your assets.
  8. ACT NOW. Effective and successful asset protection takes place before there are creditors, and before there is a threat to your assets.