How To - Define Asset Protection Planning



Asset protection planning has been defined as:

“The process of organising ones assets and affairs in advance so as to safeguard them from the loss or dissipation by reason of potential threats or risks to which the assets would otherwise be subject”.

The potential threats or risks that most people understand can arise in various forms. The most common one is where your assets are subject to legal action by creditors or by a disgruntled party. Through careful planning you can protect your assets against these people as well as against changes that you have no control over.

Some of these changes could be regulations and law amendments as well as an unstable political climate or economic conditions that put your business or investments under pressure.

 


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