Asset Protection 101
“Start Your Journey Here”
While this site has a great deal of information for those needing asset protection and their advisors, there are some basic due diligence issues that every successful person should understand. We’ve broken down some of the most common issues into short, easily digestible summaries at the links below that will provide a good starting point to preserving your wealth.
Who Needs Asset Protection?
RISK FACTORS OF THOSE NEEDING ASSET PROTECTION
- They are high net-worth, high liability, or they will be soon (i.e. new doctor, rookie, athlete, new business owner)
- They drive a vehicle and/or own a home
- They are a board member, officer or director of a public or private business
- They are a board member of a charitable, school private foundation or other board
- They have assets that would be difficult to replace if lost or reduced
- They have employees
- They own their own business
- They have professional liability
- They own liability generating assets like investment real estate
- They are highly visible locally or nationally and are perceived to hold substantial wealth
- They have children, spouses and other extended family in their homes and driving their vehicles
- They are selling a business and replacing recurring income with a single lump sum
Common Questions
Top Categories
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- View All
- Asset Protection
- Asset Protection for Doctors
- asset protection strategies
- business legal planning
- business survival
- financial literacy
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Business owners, doctors and entrepreneurs are often targeted with asset protection sales pitches from unqualified advisors. Let’s review some of ...
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Protect Your Business or Medical Practice From Internal Fraud
Business and medical practice owners and managers must be aware of internal fraud and embezzlement that often capitalizes on recurring year-end ...
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When An Estate Plan Isn’t Asset Protection
In a previous post I shared the details of the incomplete (if not financially fatal) advice one physician got from a ...
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Protecting Your Business From Cyber Liability
Data Breach and Cyber Liability insurance is a vital first line of defense against a variety of exposures for any ...
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EPLI Insurance is Asset Protection for Employers
In part two of a 5 part educational video series for entrepreneurs, Asset Protection and Wealth Preservation expert Ike Devji ...
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Asset Protection: What Your Umbrella Policy Covers
Understanding the Vital Role of Your Umbrella Policy (And Why It is Not Enough On It’s Own) Financial columnist Steve Savant interviews asset protection attorney ...
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