Asset protection is about risk assessment and putting strategies in place to limit risk.
Most if not all asset protection strategies involve compromise, either reducing control or limiting protection in one area to protect other more important assets. There will always be some risk involved in business, it is about limiting the risk you are exposed to a level you are comfortable with.
Asset protection is closely related to business structuring and estate planning because what you are ultimately trying to achieve involves both these aspects. It can be as simple as insurance or as complicated as setting up numerous trusts and companies to hold different assets, with securities and licensing agreements between the entities to establish the line of ownership.
At Sheridans we start by identifying the risks, and the assets you most want to protect. From there we look at how likely these assets are to be threatened. We then develop a strategy that will provide protection for the most likely set of outcomes.
If you feel your assets are exposed to an unacceptable amount of risk it is well worth your time to contact one of our team.
