Sunday, May 15, 2011

What is Asset Protection?

Last week Garrett shared the definition of Asset Protection Estate Planning.  I want to give an analogy that I use to help people understand what we are talking about. 

Like most people (I hope) I always wear my seatbelt.  My car has front and side airbags that are triggered to release upon impact to provide further protection.  Like most people (again I hope), I do not drive around with the plan or hope to get into an accident to see if the seatbelt and airbags work.  But I do know based upon research and evidence, that I will be protected in the case of an accident and be glad I have that seatbelt and airbag protecting me.

Asset Protection Estate Planning is the process of installing a seatbelt and airbags to protect your financial wellbeing.  We utilize the necessary asset protection tools to install that seatbelt and airbags for you.  Hopefully, you will never need them, but you and your family, your business, your partners, etc. will be very glad you do if attacked.

Jason Salinardi

BridgeBuilder

Thought for the Week

"A bank is a place that will lend you money

if you can prove that your don't need it."

~ Bob Hope