Asset Protection Strategy Near Hammond

Asset Protection Strategy Near Hammond

For those who have acquired or inherited high-value assets, protecting those assets is of the utmost importance. At Harvest Financial Planning, LLC, our services pertaining to asset protection strategy near Hammond are designed to ensure that your assets are protected against common threats, such as divorce and litigation. Reach out to our Certified Financial Planners (CFPs) and financial professionals today for personalized services.

What Is Asset Protection?

High-asset individuals are often the focal point of actions that target their wealth. For example, assets can be lost and minimized as the result of a divorce settlement or another incident of personal liability, as well as due to a lawsuit against the high-asset individual’s business. Taxes, poor investment strategies, and the failure of a financial fiduciary to manage money as required can all result in lost assets, too. Asset protection strategies are designed to protect your wealth and shield you from liabilities. 

Asset Protection Strategies Near Hammond

When you choose Harvest Financial Planning, LLC, you are choosing a team of professionals who understand the value of your wealth and how to best protect it. We will create a strategy or set of strategies that are personalized to you. Some asset protection strategies that we have implemented for clients in the past include:

  • Using trusts to hold assets, thereby mitigating taxes and removing the assets from the risk of personal liability;
  • Ensuring that you have a pre-nuptial or post-nuptial agreement to shield you from liabilities in the event of a divorce;
  • Using business entities, such as the formation of a Limited Liability Corporation (LLC) to separate your personal assets (and liability) from business assets;
  • Ensuring that you are well-insured in the event that something happens, including emergencies, natural disasters, personal injuries to others, etc.;
  • Reviewing jointly held accounts and remembering that assets held jointly could be up for grabs should the other party face challenging financial circumstances, such as being named in a lawsuit; and
  • Starting the planning process early – don’t wait until assets are at risk to design an asset protection strategy.

In addition to helping you or your business implement asset protection strategies, we can also work with you to design personalized individual and business wealth management strategies. Smart investments, intelligent use of insurance liability policies, and the development of plans for the future are all critical.

Reach Out to Our Team for Asset Protection Strategies Near Hammond

Finding a financial professional to assist you with developing an asset protection strategy near Hammond is strongly advised, especially if your wealth is growing or if you have recently acquired assets unexpectedly. By working with a financial planner, you can gain an understanding of the best strategies for both protecting your assets and growing your wealth.

At Harvest Financial Planning, LLC, our new client process starts with a no-cost consultation where you can ask our Certified Financial Planners (CFPs) questions and we can learn more about your financial situation and the services you need. Please reach out to our team today by phone or online to learn more.

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