Wealth preservation has become a significant issue as our lives become increasingly litigious. Both individuals and businesses are at risk of sometimes frivolous claims, so more and more people are ensuring that their assets are well protected. Let us help you protect your hard-earned assets.
In simple terms, a wealth preservation strategy separates assets from risks. Traditional strategies involve ‘gifting assets’ or complex ownership structures. Whilst these may be part of the solution, they may not address risks such as taxes and duties (both at the time of transfer and into the future) or provide full asset protection.
When considering your financial plan, it is important to have an expert in your corner to ensure you get the balance right between wealth preservation, tax efficiency and estate planning needs. Each option has pros and cons.
Ask yourself the following questions to help highlight possible pitfalls in your current strategy (or lack thereof!):
Consider the following questions as a starting point for considering the level of wealth preservation you require.
We will ensure you have the right plan in place, for you, your family and your business.