Protect Your Assets: Asset protection is the use of smart, legal strategies to protect your assets. Most people have insurance to protect them against risk, but no insurance can cover every possible scenario, and you may not know which insurance is needed to protect against the unique risks you face.

Think asset protection doesn’t apply to you? Think again. If you have assets in your name, you could be at risk. There is no surprise that protecting assets against frivolous creditors and lawsuits
is increasingly becoming a common concern. To avoid significant losses, it is important to have reliable and effective asset protection strategies so you can continue to grow your wealth and achieve your financial objectives.

What are the safest asset protection
strategies?

• What is the risk without having
  asset protection strategies in place?
• Do I still need asset protection if I
  have insurance?

What’s the best approach to protecting your assets? | The Investax Solution

There are several myths and mistakes regarding asset protection – in particular, owning assets in individual names, the use of company ownership, and the improper use of certain types of trusts in the absence of sound tax planning and estate planning advice.

The best way to protect your assets is to be aware of all the tax and legal ramifications of using particular types of property investment trusts and structures and ensure you get personal tax advice from an asset protection specialist with regard to your investment portfolio and wealth creation plan.