Planning to Protect Your Assets… Christine’s Family Wealth Secrets


We had an interesting evening Saturday with friends who had a winetasting party in their home. I love the opportunity to get together with friends, taste some great wines from Sonoma and eat wonderful food. I joined the wine club and I’m very excited because now, I have a reason to go to Sonoma, stay overnight in a beautiful hotel and taste wines for free! Now that were in the fall, one of my favorite ways to spend time is with family and friends, staying close to home.

Taking care of your family is why you create an estate plan in the first place; to make things easy, expeditious and maintain privacy. One major consideration when creating your trust is whether to build in asset protection. Yes, we can do that!!  If you value asset protection, we can easily shield a portion of your assets from creditors. The article today’s outlines ideas on asset protection. Let us know how we can help you.

Until next time,



Planning to Protect Your Assets

Asset protection planning is an important step to take in safeguarding your hard-earned assets from being lost, inadvertently, because you overlooked something important.

The most foundational level of asset protection is to plan for what will happen to your assets in the event of your incapacity or death because you are 100% guaranteed to have one or both of those happen to you.

If you become incapacitated or die without proper planning in place, your assets will get stuck in the court system, and could be delayed in getting to your loved ones, or even lost. If you have not reviewed your planning for death or incapacity in the past couple of years (or ever at all), you will want to call us for a Family Wealth Planning Session as soon as possible.

And, what about planning to protect assets from things that could happen during life, such as potential litigation, taking on too many debts, accidents or other mishaps?

First and foremost, buy insurance! Insurance can do two things an asset protection plan can’t: pay to defend you in the event a lawsuit is brought against you and pay to settle any lawsuits. Bottom line: insurance says I love you. And, if you need it, you’ll be glad you have it.

As part of your Family Wealth Planning Session, we will look at the types and amounts of insurance you have, and determine what else may be needed, or if you are even over-insured.

If you have a business, make sure you’ve fully separated personal and business assets. And that you are using your business entity properly, to ensure that any business activities are kept within your business entity, and that you have us review any personal guarantees before you sign something that could create personal liability for you.

If you need more thorough asset protection, due to an upcoming marriage, or engaging in other risky behavior, please contact us sooner rather than later.

Asset protection cannot happen after something happens. It must be set up ahead of time to be effective, and so it must happen now, if you want to get set up right.

Protecting your assets takes know-how. If you’re ready to develop a smart asset protection plan, consider sitting down with a Personal Family Lawyer®. As your Personal Family Lawyer®, we can help you with your asset protection planning needs. Our Family Wealth Planning Session guides you to protect and preserve what matters most. Before the session, we’ll send an Estate Planning Worksheet that will get you thinking about what you own, what’s most important to you, and what you can do to ensure your family is taken care of.

We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love.  That’s why we offer a Family Wealth Planning Session,™ during which you will get more financially organized than you’ve ever been before, and make all the best choices for the people you love. You can begin by calling our office today to schedule a Family Wealth Planning Session and find out how to get this $750 session at no charge. Mention this article and if you’re one of the 1st 3 people who call to schedule, and attend, a Family Wealth Planning Session, you’ll receive a $50 Amazon Gift Card. Use it for Halloween costumes, fall decorations or whatever catches your fancy!  

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