OUR SPECIALTY: AGS ASSET PROTECTION - ARE YOU PROTECTED? Many business owners are extremely busy doing what they do best – running their business. Often this means that they dont adopt appropriate strategies to minimize the loss of well-earned assets. Without realizing, owners could be potentially exposing their assets to risk, via trading or third party threats. Some business owners are also more vulnerable because of the industry they are in. Ongoing planning and advice from our asset protection team(top advisors and attorneys specalizing in wealth/estate planning - transfer and asset protection) can reduce or eliminate this exposure to risk. Essentially, well help you give your assets that hard shell they need to weather adverse conditions and unknown peril. Asset protection is all about managing risks to both you personally and to your business. When considering if asset protection strategies are necessary for you, ask yourself some very simple questions: How do I?: Postpone; Reduce; transfer; and/or Eliminate risk Some broad questions... 1.) Do you believe you have adequate personal insurances in place for your business and your family? 2.) If you do believe you have adequate insurances do you know the amount the policies would pay out, who owns them and when they pay out? 3.) Are assets and property titled properly(in trust or out)? 4.) Are you at risk of being sued personally or work in an occupation that is classified high risk - ex; Doctors, Surgeons, etc.? 5.) Do you hold a significant dollar value of assets in your own name? 6.) Do you have an up to date will and enduring power of attorney to protect your assets in the case of death or incapacity? --------------------------------------------------------------------- For your businesses: Have you considered what strategies are in place to protect your business if something goes wrong? WE CAN HELP YOU WITH: 1. Personal asset protection reviews 2. Business asset protection reviews 3. Structure/entity risk reviews 4. Business risk reviews 5. Business risk planning 6. Restructures – removal of personal assets to protected entities/trust 7. Equity strategies – removal of equity from trading businesses to protected entities 8.) Tax mitigation planning 9.) Risk management reviews 10.) Monitoring - of risk plans and asset protection strategies 11.) Estate - wealth transfer planning - incorporating testamentary trusts and enduring powers of attorney to ensure your assets go to the correct people and entities owned by you are left in the control of the right people. MJG Direct: 610-724-2461
Posted on: Thu, 08 May 2014 15:23:56 +0000
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