5 Dangers to Your Wealth
You've worked hard. You've worked to provide for yourself, your family,
and those you care about.
Yet, in today's world, all of it could disappear into a black hole should
you accidentally make the wrong move. Or even worse, events conspire against
you that are so beyond your control that they seem more like the acts of
God mentioned in insurance policies.
Although the dangers sound grim, Asset Protection builds a wall around your
assets, to protect them against not only unfortunate unforeseen events, but
also predictable events (such as aging and taxes).
While Asset Protection has its roots way back in the Middle Ages, it's only
been within the last 30 years that it has become a legal specialty.
And just in time.
Today, more than ever, the sharp teeth of shark-like predators can easily
take a bite of -- or wholly devour -- your wealth, the assets that you have
spent so many hours of hard work to create.
A slip-and-fall could be a slip of your bank account, falling completely into someone else's hands…
Legally, the people who come after your hard-earned money are called
"creditors" and you, the debtor.
While many define Asset Protection narrowly, CWPP (tm) advisors recognize
the many, and varied, threats to your wealth.
We call our strategies to protect your wealth from these varied threats
"Global Asset Protection". It is not limited to the protection of your
wealth just from lawsuits, as is so commonly thought. (Discover how easy
it is to get sued, and sources of plaintiffs you may not have considered - here.)
The threat also comes from:
- Tax agencies -- the IRS and, for most people, their state government
(unless you're fortunate enough to live in a state without income tax).
But whether Federal or State, every year this creditor can be guaranteed
to show up.
Your CWPP advisor can show you strategies that could dig out $10,000, $50,000
and even $100,000 of your money from the tax black hole. If this sounds
like something you need, feel free to contact us … or read on to find
out about other creditors that can endanger your wealth.
- The stock market -- what goes up, must come down, as the saying goes.
At least that was the experience of many people who watched the stock market
lose 40% of its value around the turn of the century. Were you one of them? I feel your pain.
Our Global Asset Protection strategies can provide you with good growth potential,
yet still protect most of your money.
- We offer strategies using EIAs, especially our unique Maximizer. Click here to
discover more about how these strategies may have you, not just sleeping well
at night during all types of markets, but even laughing with relief at the next downturn.
- Capital Gains -- when you have highly appreciated assets, such as real
estate and stocks, you just have to bite the bullet and pay those princely
capital gains taxes, right? Wrong! With unique Wealth Protection Institute
strategies, using either a Charitable Remainder Trust (CRT) or Charitable
Gift Annuity (CGA), you may be able to sell those assets, defer current taxes
on the sale and lessen the amount of taxes paid.
As if that wasn't enough, these financial vehicles can also enable you to
receive a current income tax deduction and set up a "guaranteed" income stream -- for life!
- Estate Taxes - whether you want your wealth to be distributed to
your family upon your death, or you want it to be used for "good works",
the last place you probably want your hard-earned assets to go to is to Uncle Sam.
Unfortunately, much of what passes as "estate planning" fails to take advantage
of the powerful, advanced estate planning strategies we use. CWPP (tm) advisors
have many tools at their fingertips to chop down the size of the taxable estate,
thus enabling more of the estate to pass through to the intended beneficiaries.
- Long term care expenses -- health expenses have been increasing in
price faster than almost any other part of our economy. And, as we age,
we make more use of health care. You're not in your dotage yet? Then you
are at the ideal point to protect your wealth from these almost certain
expenses. The earlier you work with a CWPP (tm) advisor to address this threat
to your assets, the less it will cost you. We can show you how to pay for these
expenses in a way that best keeps Uncle Sam out of your pocket.
You can find out more about how long term care expenses can affect you
and can be handled here. We strongly encourage you to take charge of this
vital area before it costs you more, possibly much more.
We have a lot more to tell you about Asset Protection. Asset Protection Strategies
can be broken down into two primary types -- domestic strategies and offshore strategies.
Uncertain which strategies might be best for you? Or just curious about offshore strategies?
Click to discover more about the
domestic asset protection strategies and offshore asset protection strategies.
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