Wealth Preservation is process by which you and your attorney should discuss various strategies in protecting your assets from creditors, lawsuits, future generations’ poor decision making, and excessive taxes. Often, this is accomplished with the use of one or more trusts, LLCs, or other devices.
This plan should be coordinated with your Financial Advisor, Accountant, and any other professionals managing your assets.
There are many options available to protecting assets, such as:
Alaskan Dynasty Trusts
Asset Protection Trusts with Spendthrift Provisions