Asset protection

You have created a lifestyle that you enjoy and that provides for your family and loved ones. But you know that losing what you have worked for could be just one unfortunate outcome, one malpractice claim, one verdict away. How can you protect yourself? By devising an effective asset protection plan before disaster strikes. Asset protection is the planning process that acts to preserve your assets from the claims of creditors through various legitimate planning methods.

Wegner employs some of the most advanced asset protection strategies to help clients protect their property from potential creditors and preserve their family's wealth. These include:

• Alaskan Domestic Asset Protection Trust
• Delaware Trusts
• Florida Domestic Asset Protection Trust
• Entity formation
• Family Limited Partnerships (FLiPs)
• Grantor Retained Annuity Trusts (G.R.A.T.s)
• Sales to Intentionally Defective Irrevocable Trusts (IDIT); and
• Many other traditional and non-traditional techniques.

Wegner normally provides asset protection to clients in conjunction with other services, such as estate tax planning or business formation; however, the firm does provide stand alone asset protection. Although we hope our clients never need to worry about loosing their assets to a creditor or in a lawsuit, for many individuals and companies, it is not prudent, or advisable, to go about their business without some proactive asset protection.

Most of the techniques we use are also effective estate planning tools so, while we hope that you never need to use the asset protection strategies we employ, you will be preserving your assets for future generations.