You’ve worked hard to build wealth. Working with an estate planning attorney will ensure you have the peace and security of mind that your wealth is being taken care of. A well-rounded asset protection strategy includes:
- Insurance: Be sure your current policies adequately protect your assets. Beyond liability coverage, you should also have an umbrella policy to cover shortfalls.
- Pre- or Post- nuptial agreements: When used wisely, these can be used as effective tools to transfer assets between spouses.
- Trusts and state exemptions: A strong asset protection strategy can help you find tools perfect for your situation.