Hold and protect your assets
Banks and businesses plan their moves to make sure they maximize income while minimizing risk. Why shouldn’t you? I can help you structure and hold assets so that you are ready if times get tough. Remember, you have to make your hay while the sun shines. If you wait until you need to protect your assets, it’s probably too late.
Overview
The concept of financial shielding encompases many elements. How you hold title to assets, how you incure or manage debt, the nature of your investments and how you fund them all affect how vulnerable you and your family are should you ever come under financial attack. Through these services, I take a detailed appraisal of your overall financial situation. We will talk about what you have and what you want to do. I will then guide you in arranging your holdings in the safest and most advantageous way.
Financial shielding is important for everyone. In my experience, I have met many families who have depleted retirement accounts or borrowed against their home in order to pay off a credit card or other loan. I have seen people spend every dollar of their nest egg to avoid bankruptcy, only to file bankruptcy because they now have no means of supporting themselves in retirement. No one believes it can happen to them, and when it does, the results are painful, heart-wrenching, and, often, avoidable. A few hours with an attorney now can literally save your retirement.
How it works
Depending on the extent and status of your holdings, the process can be as simple as a single meeting, or as complex as the orchestrated effort of several professionals. Generally, we will meet first to get to know each other and determine if you have a need for this service. This meeting, like all initial consultations I hold, is free of charge. If we determine that there is some vulnerability that can be addressed, or that your affairs could otherwise benefit from further review, we will strike an agreement defining the goals and scope of the project. As needed, I will work with you, your CPA, CFA, broker, banker and other professionals to help arrange your affairs to meet your goals. I will also remain available to you for questions or further adjustments for a period of time after the goals are met.