Creative Asset Protection Strategies, Inc

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WHAT IS ASSET PROTECTION & WHY YOU NEED IT NOW! Asset Protection Strategies are the walls that stand between your assets and income streams and the excessive and predatory claims of others or overzealous government officials. The most important points to keep in mind are: -What you do not own cannot be taken from you! -Own nothing and control everything - indirectly! -It is generally too late to protect your assets and income stream after a claim/suit is filed. We recommend that you click on Avoiding Fraudulent Transfer Issues to gain a better understanding of the issues and how to avoid having the court reverse all that you do to protect your assets. -Carefully structured asset protection strategies pay for themselves with immediate savings and provide a means through which to earn protected income for future needs. -Asset Protection programs should include a careful review of the contracts and procedures utilized by your business, including hiring procedures, employment contracts, how and by whom vehicles are used; and should include a review by independent commercial insurance professionals. "What do asset protection plans cost?" -A well designed plan should result in sufficient tax reductions so that your actual result is a savings. One of the unique aspects of our firm is that our staff includes business and tax specialists that will work with you to reduce your exposure to liability and provide you with important income and estate tax savings which are generally far in excess of our fees. We are frequently able to assist our clients to utilize the assets they have protected to earn substantial returns -- often in a tax-free/deferred environment. -"Less that the cost of losing all or most of your assets, or the cost of extended litigation!" -Asset Protection Plans should be created for your specific asset, business, family and future plans, so no two plans should be alike, although many plans contain similar elements."My assets are too small; my business is too new!" -The best time to setting up your asset protection program is now, before something happens to endanger what you have. Your base business or investment strategy should be reviewed and changes made to provide you with the best protection available. The foundation of your business and wealth accumulation program must be secured. Then, as your business and investments grow and diversify, additional measures may be employed. -Creating a secure and tax-efficient structure, or series of structures, provides a safer and less expensive platform for building wealth and for transferring that wealth to future generations. -Gifting assets and interests to heirs should be generally done as soon as possible to minimize the tax costs of the transfers, to start the "clock" running on the transfer, and to allow the growth to be attributed to the heir, rather than the benefactor. Other reasons will appear depending upon the age and health of the benefactor, the beneficiary, the type asset transferred and the income stream that flows from the subject asset. "What does a tax-efficient asset protection plan look like?"

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