You work hard to build assets that will allow you to do the things you want to do now and when you retire and eventually leave assets to your family or charities. The more successful you are at doing this, the greater your chances are that others will try to take it away from you. Insurance is only a partial solution to this problem. We will show you how to guard against unwarranted claims by setting up an Asset Protection™.
Asset protection planning should be considered to be lifetime planning. A good asset protection plan will focus on the management and preservation of property during life and after death. With litigation, divorce rates skyrocketing, and the various taxes projected to escalate, asset protection planning is an essential component of wealth management.
Asset protection planning is particularly important for high net worth individuals, business owners, or those whose professions create the appearance of deep pockets.
Asset protection planning can help to protect personal assets from legal business and personal legal threats, professional and business liability, regulatory liability, and personal and family activities. Asset protection planning may also be used to limit public or family knowledge of wealth, encourage family harmony, deter litigation, and deter criminal activity against a client's family. Asset protection planning has also taken on increased significance in response to reductions in the protective capability of liability insurance.
Unlike most asset protection planners, Law Offices of Travis Bowen, PC has developed a proprietary Asset Protection System™ to accomplish far more than asset protection. The Asset Protection System™ achieves multiple planning objectives, including:
- Protection of Assets from Lawsuits
- Reduction of Income and Employment Taxes
- Reduction or Elimination of Gift and Estate Taxes
- Retention of Control of Assets: Management Prerogative
- Succession Plan: Business Exit and Retirement Strategies
- Charitable Giving Flexibility
- Avoidance of Probate
- Integration of Insurance Coverages
Law Offices of Travis Bowen, PC comprehensively integrates your Asset Protection System™ with your additional planning needs, such as: Risk Analysis, Tax Planning, Insurance Planning, Business Services and Transactions, Estate Planning, Asset Transfer and Titling, Succession Planning, and Succession Planning.
Law Offices Travis Bowen, PC also provides solutions for maintaining and updating your Asset Protection System™ with our unparalleled Maintenance Program.
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