The above quote is attributed to John D. Rockefeller and is the most important aspect of asset protection. If you do not own the asset, it cannot be taken away from you.
Assets are anything of value that can be seized by another person resulting from a lawsuit, divorce, court order or through the action of a government agency. We firmly believe that if the asset was worth earning, it is worth protecting. Individuals and businesses work very hard to achieve success. However, they often take no action to protect their assets or to preserve their wealth. Many people believe that insurance coverage is a great way of providing total security for themselves and their family. While adequate life, property, casualty, liability and disability insurance are all important, insurance has little to do with control of your assets and is usually paid to compensate the insured for an incurred loss. Unlike liability insurance with its coverage exclusions, asset protection “insures” the asset itself and often protects assets that some insurance policies do not cover.
Keystone Wealth Strategies LLC, located in Exton, PA services individuals and businesses in the Philadelphia region. As a Certified Asset Protection Planner (CWPP™) and a Certified Wealth Preservation Planner (CWPP™), we work with attorneys who specialize in asset protection to develop strategies that better protect your assets from judgments and claims of creditors and also develop strategies to better protect your assets from market downturns.
After completing a thorough summary of your assets, liabilities, estate planning and retirement goals, we will create a summary explaining how you can better protect your assets, reduce your income and estate taxes, and reach your retirement goals. We then will work with your asset protection attorney to implement our recommendations.
Business owners need to consider the best type of legal entity ownership when forming a new company, the pros and cons of operating as a corporation versus a limited liability company (LLC), single member versus multi-member LLCs, and considerations of operating as a Pennsylvania versus a Delaware company.
Individuals need to understand that without proper tax planning, income and estate taxes can consume 75% to 80% of an estate’s value upon death. Proper utilization of Family Limited Partnerships (FLPs), irrevocable life insurance trusts, stretch IRAs, and other advanced planning techniques can effectively supercharge the amount of money that pass to your heirs by reducing the amount of taxes paid to the IRS.
Why work with a Certified Asset Protection Planner?
Anyone can call themselves an “asset protection planner,” but only those with the education and experience to be tested and certified by a national accreditation organization have earned the title Certified Asset Protection Planner (CAPP™). This designation is your assurance that you are working with a trained, experienced professional held to nationally recognized ethical standards.
Assets are anything of value that can be seized by another person resulting from a lawsuit, divorce, court order or through the action of a government agency. We firmly believe that if the asset was worth earning, it is worth protecting. Individuals and businesses work very hard to achieve success. However, they often take no action to protect their assets or to preserve their wealth. Many people believe that insurance coverage is a great way of providing total security for themselves and their family. While adequate life, property, casualty, liability and disability insurance are all important, insurance has little to do with control of your assets and is usually paid to compensate the insured for an incurred loss. Unlike liability insurance with its coverage exclusions, asset protection “insures” the asset itself and often protects assets that some insurance policies do not cover.
Keystone Wealth Strategies LLC, located in Exton, PA services individuals and businesses in the Philadelphia region. As a Certified Asset Protection Planner (CWPP™) and a Certified Wealth Preservation Planner (CWPP™), we work with attorneys who specialize in asset protection to develop strategies that better protect your assets from judgments and claims of creditors and also develop strategies to better protect your assets from market downturns.
After completing a thorough summary of your assets, liabilities, estate planning and retirement goals, we will create a summary explaining how you can better protect your assets, reduce your income and estate taxes, and reach your retirement goals. We then will work with your asset protection attorney to implement our recommendations.
Business owners need to consider the best type of legal entity ownership when forming a new company, the pros and cons of operating as a corporation versus a limited liability company (LLC), single member versus multi-member LLCs, and considerations of operating as a Pennsylvania versus a Delaware company.
Individuals need to understand that without proper tax planning, income and estate taxes can consume 75% to 80% of an estate’s value upon death. Proper utilization of Family Limited Partnerships (FLPs), irrevocable life insurance trusts, stretch IRAs, and other advanced planning techniques can effectively supercharge the amount of money that pass to your heirs by reducing the amount of taxes paid to the IRS.
Why work with a Certified Asset Protection Planner?
Anyone can call themselves an “asset protection planner,” but only those with the education and experience to be tested and certified by a national accreditation organization have earned the title Certified Asset Protection Planner (CAPP™). This designation is your assurance that you are working with a trained, experienced professional held to nationally recognized ethical standards.
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