Below you'll find a list of all posts that have been categorized as “Wealth Protection”
KEY TAKEAWAYS Asset protection strategies are designed to deter lawsuits and safeguard your assets. Far too many successful business owners don’t have an asset protection plan in place. Start with the basics, such as umbrella policies, and build from there if needed. Success can come with a major downside: It can make you a potential magnet for lawsuits including frivolous …
KEY TAKEAWAYS Life insurance can help provide for loved ones. It can provide cash to help with liquidity problems. Certain business-related concerns can be addressed with life insurance. As an investor with significant assets, it’s important to engage in wealth planning that addresses the broad range of your goals, needs and preferences. One of the most versatile and often-used tools …
KEY TAKEAWAYS Even families with umbrella insurance coverage often don’t have enough of it. LLCs and trusts need to be named on insurance policies in certain cases. High-value assets such as art collections and rare automobiles need their own special coverage. It is quite easy for affluent families to make big mistakes with one of their largest assets: their homes. That …
