Asset Protection Planning
Many times we think of Asset Protection Planning only with respect to potential creditors who might sue us. However, in the event that you have substantial separate property and are planning to remarry you may want not only to consider a pre-nuptial agreement, but an Asset Protection Planning structure in addition. Many affluent and wealthy investors, executives and celebrities have found out that divorce can be very expensive in spite of the pre-marital agreement. Building a protective plan should be a top priority for individuals of high net worth. Everyone who has any assets should examine their situation from the perspective of protecting and preserving their assets against claims of creditors and possibly second spouses. Asset Protection Planning is required and should be reviewed by everyone who has assets that can be attacked. Jeffrey Matsen of our firm has written a very concise and topical book published by the American Bar Association entitled “The ABA Consumer Guide to Asset Protection”. This book can be obtained on Amazon or through the American Bar Association library.
Learn more about Asset Protection at Bohm Wildish & Matsen, LLP today.