Earning a living is only part of the path to financial freedom. You also need significant money management strategies and solutions to make the most of your money. Many people are great at their jobs and at earning money, but most lack the experience and skills to achieve real financial independence. That’s where a good wealth management professional and an independent financial services firm can help.
At Preservation Wealth Management, we provide asset protection strategies that combine both legal protection and financial plans to prevent your assets from seizure in a lawsuit. We take a look at each client’s personal assets and determine the best plan to protect each. Because every situation is different, the plans for each client are specifically designed by our experts.
An asset protection trust is probably the most comprehensive of our asset protection strategies, and one that needs to be set up professionally in order to ensure that it’s protected in a court of law. In fact, asset protection trusts are the most powerful when they’re established offshore, which prevents courts in King of Prussia, Montgomery County, Chester County, Delaware County, Bucks County, and Lehigh County, PA, from having jurisdiction over your assets.
Offshore trusts are one of the few asset protection strategies that can still work after a lawsuit is filed. When these are constructed properly, the funds or physical assets are protected from creditors, while still allowing the owner to have access to the asset. Asset protection trusts can also protect from income taxes and even protect the bulk of the asset from an heir that might not manage the funds responsibly. Or, you can use an asset trust as part of your retirement planning, avoiding excess tax.
Preservation Wealth Management is a team of financial experts dedicated to helping our clients grow their investments, engage in tax minimization strategies, and develop a robust portfolio of investments to grow their wealth. We create custom investment plans to address your financial goals and help with education along the way, giving you greater insight into different investment plans.
Give us a call today to schedule your first financial planning session and analysis of your life insurance services and see how our asset protection strategies can help you protect your wealth and hard work. We represent clients in King of Prussia, Montgomery County, Chester County, Delaware County, Bucks County, and Lehigh County, PA. Contact us today for more information!