Many people accrue assets throughout their lives. From financial success to real estate, and everything in between many folks should invest in protecting their assets. Though there are quite a few people who think of protecting their assets in the event of a divorce or perhaps they want to shield their only assets from creditors or simply want them keep them out of the equation if a lawsuit should ever happen, but what people should consider is overall protection for their assets, not just segmented protection. Today, we at Advanced Private Investigator & Security of Miami, FL would like to discuss asset protection.
Protect Your Assets from Creditors
When it comes to the topic of asset protection, the old adage “an ounce of prevention is worth a pound of cure” holds true. Using the law to commandeer your hard-earned assets, creditors could be at your door before you even realize the depth of what is happening. You can steer the law to your own side and protect your assets before creditors or other deviants come your way. Where you may feel you have done some of the proper steps to protect your assets, you need a professional on your side to prevent an attack on your assets and safeguard them.
Asset Protection After Judgement is Too Late
If you wait until it is too late, you can do nothing. Trying to protect assets after a judgement can be illegal. Once someone or an entity has set a claim in motion you will likely be powerless to do anything about it. Any property transfers, for example, could put you in further legal jeopardy and trying to get any estate planning measures in place would not be applied to the asset in question.
Asset Protection Examples
Your property and wealth can be safely and legally put into a trust or other suitable entity in your favor that keeps it safe with the help of an asset protection service delivered by a professional. You are spared from any claim that future creditors or other personas that they may have when the asset is separated from your individual person. In a nutshell, with professional assistance, your assets, while still being legally entitled to your wealth, are safeguarded. Including the ability to refinance, sell, place a mortgage upon, and divide them with a properly created trust that can still give you abundant control of your assets.
A few examples of protectable assets include, but are not limited to, the following:
1) Retirement Accounts; such as 401(k), IRA, etc.
2) Real Estate; like vacation homes, primary residence, investment properties, raw land, etc.
3) Liquid Assets; for example, savings and checking accounts money market accounts, etc.
4) Personal Possessions; including motor and recreational vehicles, boats, jewelry and collectibles, life insurance policies, etc.
Private Investigator & Security Services in Greater Miami, Sunny Isles, Fort Lauderdale, Boca Raton, Weston, Plantation City & Miami Gardens Florida
It is crucial to contact a trusted professional for all of your asset protection and estate planning needs for the sake of your financial security. On the other side of the coin, Advanced Private Investigator & Security of Miami, FL offers asset search services.Call Advanced Private Investigator & Security of Miami, FL today to learn more.
