Asset Protection Strategy
Creating A Perimeter Of Defense Around Your Wealth
Most of our clients work an entire lifetime to accumulate the assets they have today. These can include a primary home, vacation home, automobiles, collectibles of many kinds (like firearms, musical instruments, gold, antique furniture) and other items of high value. These types of assets should be protected from unjust seizure and accidental loss.
Most of our clients protect assets by way of legal structures, like trusts and estate plans, and by way of insurance products. But the challenge with insurance products, including life, health, property-casualty and others, is that they can be quite expensive, complicated to understand and quite possibly not appropriate to the goals people want to achieve. Many of our clients wonder if they have enough insurance, too much insurance or the wrong kinds of insurance. Those are reasonable questions.
At Strait & Sound, we believe asset protection is an important strategy for achieving complete financial independence. Without the best possible asset protection plan in place, the assets you’ve worked so hard to acquire could be gone in an instant. This is especially true for resident of the US West Coast, where many of our clients live. This coast has been prone to unprecedented wild-fires that have ravaged many families. But no one wants to pay more than they should for these products or discover that once they need them, certain stipulations prevent them from recovering what they’ve lost.