THE IMPORTANCE OF ASSET PROTECTION

Here are a few compelling reasons you should have an asset protection plan.

Ensure Business Continuity

Asset protection provides an excellent means of ensuring your business is not affected by lawsuits and creditors. Enforcing asset protection for your company prevents creditors from seizing crucial company assets, thereby protecting core business operations.

Creditors will only have access to a regulated portion of your business’s assets, thus ensuring business continuity and better settlement terms in case your business defaults on a loan or credit.

Opportunities to Diversify Your Assets

Using offshore accounts to protect your assets presents several new opportunities to diversify your wealth. Often, if you keep your assets within the U.S. market, you may experience some trouble investing in certain markets, restricting your wealth portfolio.

A robust offshore asset protection plan has fewer restrictions since it’s typically detached from the American legal system, with more freedoms and excellent tax incentives. 

For instance, Caribbean nations incentivize investors to keep their assets within the country with a variety of tax incentives that can save investors a lot of money. A word of caution: it is important not to do business in a foreign country that reports to the USA or that will have you paying taxes on your Worldwide Income!

If you would like to have the best of both worlds, The Second Estate offers a program where you can have ALL the benefits of being offshore and NEVER have to actually go to another country! That is right….Your assets can stay in the great USA and still have the same protections, without any of the uncertainty. Ask us how…

Confidentiality

Asset protection plans keep your assets confidential and detached from the fiddling hands of creditors and American wealth management systems. Your assets are more protected and kept under wraps from prying eyes that might want to measure and seize them if you default on credit payments or get into a business dispute.

Safeguard Against Legal Threats

Anyone can sue a business, its owners, or an individual if they feel their rights have been violated. In these cases, you stand to suffer significant asset losses if the lawsuit is upheld and you’re forced to pay damages.

Asset protection ensures you don’t lose your assets from malicious lawsuits or the heavy financial burden of lawyers and other legal fees.

Learn About Ways You Can Protect Your Assets

Asset protection planning should be at the forefront of your wealth creation strategy. Learn more about asset protection and how a lawyer can ensure your financial security.