Asset Protection Check Up

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Do You Need an Estate and Asset Protection Planning Check-Up?

Many individuals who earn a good income or have accumulated significant wealth lack a proper asset protection plan. According to statistics from the Wealth Preservation Institute, here’s how the affluent population typically fares when it comes to essential estate planning:

  • 1-2 out of 10 will NOT have a basic will.
  • 5-6 out of 10 will NOT have Durable Powers of Attorney.
  • 5-6 out of 10 will NOT have marital living trusts.
  • 9-10 out of 10 will NOT have an LLC.

 

Without the right planning, key assets can be left exposed. Here’s why these tools are essential:

  • Wills ensure that, if something happens to both parents, the right people will take care of minor children.
  • Durable Powers of Attorney prevent the need for court intervention in life-sustaining decisions or legal matters if you become incapacitated.
  • Living Trusts maximize estate tax exemptions and help avoid probate, which can be time-consuming and expensive.
  • LLCs protect assets from lawsuits, centralize governance for family assets, and may reduce the value of your estate for tax purposes (especially with larger estates).

If you don’t have these tools in place, you could be at risk, and it’s time for a check-up.

 

Protection from Lawsuits

Consider these questions to assess whether your assets are at risk:

  • Do you own real estate in your own name?
  • Are stocks or bonds in your personal name?
  • Do you have significant equity in your home but don’t live in a state like Texas or Florida, which offer strong home protection laws?
  • Do you own high-value items like boats, wave runners, or planes without using an LLC?

If you answered "No" to any of these, you may need an asset protection check-up to avoid putting your assets in jeopardy.

 

Protection from Stock Market Losses

If you’re exposed to stock market risks, consider these questions:

  • Are you invested in assets vulnerable to market volatility?
  • Did you experience significant losses (25%-50% or more) during market crashes like those in 2000-2002, 2007-2009, or the 2020 downturn?
  • Do you have funds growing in wealth-building tools that are protected from market declines?
  • Do you have money growing at a guaranteed 5-6% return that provides lifetime income with no risk of losing principal?

If you answered "Yes" to the first two questions but "No" to the last two, you should contact our office for a check-up. We’ll show you safe wealth-building strategies that protect your assets from market downturns while still helping you achieve your financial goals.

 

Protection from Long-Term Care (LTC) Expenses

Many people are unprepared for the cost of long-term care, which can wipe out retirement savings. Without proper planning, LTC expenses can be a major financial burden.

If you want help building a solid estate, asset protection, and wealth growth plan—one that minimizes risk and ensures you’re prepared for future LTC costs—reach out to our firm. We’ll work with you to create a strategy tailored to your needs.

Email us at artie@BK-LLC.com to schedule a consultation us.

 

Note: Any guarantees mentioned are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to caps, restrictions, fees, and surrender charges as outlined in the annuity contract.