WEALTH PLANNING STRATEGIES: WHY YOU NEED ONE

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The Essential Guide to Asset Protection

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  Asset protection is a strategic arrangement to safeguard wealth from future claims and creditors. It involves separating from specific assets early enough, ensuring no pending claims at disposition, and remaining solvent for a particular period afterward.  Various legal environments offer opportunities for asset protection. For instance, business corporations can separate business and private wealth, directing potential liability claims to the corporation rather than the individual. Similarly, some jurisdictions protect family homes from creditor-forced execution and bankruptcy proceedings. Trusts are traditional tools for safeguarding family wealth over generations. Trusts can protect from creditors by transferring legal ownership of wealth to a trustee to benefit specific beneficiaries. Life insurance policies, particularly private placement, and universal life insurance, can also offer wealth preservation benefits. Foundations, legal entities without shareholders, members...
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Turning data into insight on successful family offices

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    Image Original Source: www.centrolaw.ch The current state of the global economy, rise in inflation, low-interest rates and higher public debts are just some concerns for investment management and wealth planning. Investment success often lies in family offices’ investment strategies and asset allocations. Data about their investment strategies can tell us how they perform investments in private equity and venture capital and achieve outstanding results. Original Source: https://www.centrolaw.ch/en/insights/detail/turning-data-into-insight-on-successful-family-offices
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How asset protection safeguards wealth for current and future generations

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  Wealth is vulnerable in many ways, and some of the most significant threats are lawsuits, divorces, and creditors. Asset protection is an arrangement to safeguard wealth from future claims and creditors' access. Your specific economic and legal environment will shape the rule set for asset protection. Starting early with asset protection and conducting an ongoing wealth planning analysis with regular reviews enables a solid asset protection plan that keeps family wealth safe in turbulent times. Engaging your family in the process will ensure awareness and alignment to protect wealth for the long haul. Your circumstances and wealth may change over time, and thus, being prepared for risk events is crucial. Check our blog: https://www.centrolaw.ch/en/insights/detail/asset-protection-to-safeguard-wealth
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