In our experience, people who are serious about creating wealth take positive steps to protect that wealth by establishing  the right type of structure to own their wealth producing assets.

Also, consider this:

A poor person wants to own assets. A rich person wants to control assets.

That is our basis, amongst other things, for recommending trusts for owning assets and allowing you to stay in control of your wealth whilst providing excellent asset protection at the same time.

3 Ways to Protect Your Assets

1. Insurance

Investors should ensure they are not under-insured. During the Ultimate seminars run by Dymphna Boholt through her  RealEstate Success,   we  recommend  having good insurance to protect major assets, such as:

• Your Income: Income Protection Insurance
• Your Assets: Public Liability Insurance
• Your Property: Landlords Insurance
• Your Debt: Life Insurance/Trauma Insurance/Mortgage Insurance

2. Stop Losses

Investors who are active in shares and other related investments can use stop losses, options or hedging to protect their portfolios as a way of ensuring that the risks of losing money are minimised.  Often, investors request we evaluate an investment offer but which without any analysis does not fit their portfolio as the minimum entry is too large for the investor’s total portfolio.  Instead, stick to strict Money management rules for investing safely.

3. Education

Educating themselves about the potential risks inherent in investing and then seeking advice from their team of advisers (accountants, solicitors, insurance brokers etc. etc.) on how to further reduce the risks.  Being forewarned is being forearmed.  If you would like to explore these areas please feel free to contact us to talk about protecting your wealth.

See Also:

• Trusts
• FAQ
• Wealth Creation Plan
• SMSF Advice