#SecureYourAssets

Securing your assets is the effort to protect personal and business assets from threats, such as lawsuits, bankruptcy, and financial difficulties.

Ways to secure assets:

Asset protection trust: Handing over some assets to an independent trustee, so those assets are out of reach of most creditors

Retirement plans: Many retirement plans, such as 401(k) or IRA, are not accessible by creditors

Legal devices and strategies: Using protected legal forms of ownership, such as LLC

Benefits of securing assets: Reducing risks, Preserving wealth, Protecting future finances.

Threats faced by assets

Business liabilities, such as debt obligations, creditor claims, compensation claims

Financial risks

Unexpected circumstances

Asset protection can also be achieved by: Using offshore trusts, Using professional trustees, Using general legal entities, Using legislative laws.