Monday, May 23, 2011

Wealth is at Unprecedented Risk - Consider Asset Protection Planning!

BridgeBuilder – Plans for Life, is a Kansas City asset protection estate planning practice that represents business owners, physicians, other professionals, real estate owners, investors, and other individuals of high net worth throughout Kansas and Missouri. BridgeBuilder assists those concerned about the potential liability arising from the operation of their business or professional practice or ownership of their real estate against their personal assets.

If you are a member of one of the above groups, your wealth is at unprecedented risk!  Did you know that more than 50,000 lawsuits are filed every day?  How about that 94% of the attorneys reside in the United States or that 97% of all lawsuits are filed in the US?  The fact is that 1 in 3 people will be sued in their lifetime.

Asset Protection Planning in its purest form is the planning process of arranging one’s assets to create legal obstacles for creditors and thereby lower your financial profile. Protecting what you’ve accumulated is a crucial responsibility for you and your family.  It enables the opportunity to build a network of assets that can grow and eventually span generations.  After all, what’s the point of working if everything you work for is constantly at risk?  Isn’t it time that you started working on building that bridge?

Next time, I’ll look why there is such an increased liability exposure.

BridgeBuilder – Plans for Life

Garrett Griffin