Asset protection services start with a professional risk evaluation and asset assessment then continue with the design of one’s overall strategy and service plan. Services include the formation and funding of the business entities and legal structures – annual maintenance, service plan updates and compliance services are included.
There are a number of legal tools available that are suited for various situations from long-term estate planning to immediate asset protection requirements. Choosing service elements depends on an individual’s needs, preferences and comfort level – and should be done with a qualified service planner.
Asset protection service plans will consist of multiple legal vehicles such as corporations, LLCs, partnerships, various types of trusts as well as private banking accounts. These vehicles will be selected and formed according to one’s desired level of protection.