Asset & Wealth Protection
Asset and wealth protection is about empowering yourself with proven, legally sound strategies that will help preserve your wealth and safeguard your assets. Proper estate planning for asset and wealth protection is important because it affords you the ability to protect and secure your interests in the event of foreseeable and unforeseeable life changing issues.

Asset and wealth protection is about empowering yourself with proven, legally sound strategies that will help preserve your wealth and safeguard your assets. Proper estate planning for asset and wealth protection is important because it affords you the ability to protect and secure your interests in the event of foreseeable and unforeseeable life changing issues. A common misconception about estate planning is that it is only for the ultra-wealthy and elite. Your particular life circumstances, age, level of wealth, or other factors do not preclude your ability to leverage the value and importance of proper estate planning. The bottom line is that almost all people should have an estate plan in place to protect their property and assets. Estate planning will also serve the critical role of distributing property and assets to family upon death, rather than have those assets disputed over, taxed at higher rates, or held up in the court systems.

Comprehensive estate planning involves an alliance with an attorney who has a full understanding of probate, trusts, retirement accounts, and government laws. An experienced estate planning attorney will do everything within the law to protect your interests and ensure your property is transitioned in the right way to the right beneficiary in the event of death, incapacity, or disability.  Whether looking at asset protection from an estate or business-planning standpoint, two of the key benefits are control over the asset and protection from creditors. 

Estate planning is a prime opportunity for clients looking at implementing asset and wealth protection techniques. For years, people associated estate planning with having a will. While a will is an important part of any proper estate plan and while a will does accomplish the goal of disposing of your property after death, it might not handle all of your desires. What if you want to give money to your son, but he is not responsible or has a great deal of debt? What if you want to make sure that money goes to your daughter and then your grandkids, not her new husband? What if you want your loved ones to avoid the probate court process?When using a will to devise your estate property, you will lose control of the property after the initial bequest. A trust-based estate plan, however, and other proven legal strategies, will hopefully provide both control over the asset from beyond the grave and creditor protection for your beneficiaries.

You can trust Karen Schroeder to help you navigate the legal maze of asset and wealth planning. Karen has helped countless individuals and couples facilitate estate planning. Whether you are in need of help with estate planning, guardianship, trust administration and fiduciary duties, or special needs planning, we are here to help.  Please call (817) 842-0220 if we can be of service to you.