Life is uncertain. We want to make sure your savings, assets, and net worth are protected. You have worked too hard to leave your finances vulnerable. We work with clients to fully evaluate their financial position.
We take a conservative approach to protecting your assets, while still making sure you have the access you need to live the lifestyle you want.
When it comes to asset protection we:
- Identify Possible and Probable Threats
- Develop Risk Mitigation Options
- Help You Execute an Asset Protection Strategy
Schedule your complimentary consultation with Hundman Wealth Planning today.
Not all threats to your assets are equal. Our first step in developing an asset protection strategy is to discuss with you what your financial goals and worries are. Then we conduct a full assessment of your financial position. As part of this assessment, we look at all of the possible threats to your assets and analyze the costs of protecting your assets against the severity of the risk and the likelihood of the risk.
We take the time to get to know you and your specific situation. We do more than just look at balance sheets and account statements. We evaluate everything from your insurance policies to how you hold title to any properties. We create a customized risk profile to help you make the right decisions when it comes to protecting your assets.
Common threats to your assets include:
- Commercial Litigation
- Personal Liability Litigation
- Actions of Creditors
- Tax Issues
Risk Mitigation Options
After we have evaluated your risks, we begin looking for ways to mitigate against those risks. We present you with a full array of risk mitigation options. These options may include:
- Changing Corporate Structures
- Changing the Way Assets are Held or Titled
- Consolidating Holdings
- Creating New Investment Vehicles
- Altering Your Asset Portfolio
- Setting Up Trusts
We fully discuss with you the costs of each mitigation option and how any options will affect your access to your assets. We help you weigh the costs of taking an action against the risk of leaving your assets exposed.
Some of your assets may have significant value to you beyond their economic value. We look for mitigation options that are in line with your priorities.
Execute on the Strategy
After we have presented you with the risks and your options for mitigating those risks, we help you develop and execute an asset protection strategy. We make sure you have all the documents and legal formalities completed to protect your assets.
We can work with you directly, or with your other attorneys and advisors, to make sure your asset protection strategy is in harmony with your estate planning, tax planning, and financial planning priorities.
Once your asset protection strategy is in place, we notify you of any legal or market changes that we think may affect your strategy. Instead of developing a static asset protection strategy, we work with you to stay flexible and responsive to the changes in your life and in the world.
If you are interested in learning more about our asset protection services, please contact us today.