Protecting your assets can be critical to the financial security of you and your family and can protect the possessions that matter the most to you from any future legal or financial circumstances that may threaten them.
With a legal Asset Protection strategy, you could effectively prevent a claim against your hard-earned assets by:

• a creditor;
• a partner (in the event of a future relationship breakdown), or;
• someone who wants to challenge your estate after you die.

There are a range of strategies you can use to protect your personal assets and it is best to work with a financial adviser and lawyer to ensure the strategies are tailored to your circumstances and are legally effective. 

A successful outcome of asset protection planning might include the ability for at risk individuals and their families to control or benefit from assets without legally owning them. The consequence is that if the at-risk individual becomes subject to liabilities or claims from creditors, those assets would not be available to satisfy them – even if a creditor is a successful litigant.

At Smart Private Wealth we strongly advocate the implementation of an Asset Protection plan.

We have teamed up with lawyers and specialist estate planning advisers to provide The Protector asset protection trust package. 

As your adviser we recommend that together we undertake a simple three step process to see if The Protector is the right fit for you.

1. Determine the value of all assets (net of liabilities) that are in your name and thereby exposed 
2. Set up an appointment to go through the process for implementing The Protector, how to ensure there are no tax consequences and who is to benefit from these assets during your life and also post your death for generations to come
3. Establish the chain of documentation, execute the relevant deeds and place them in our digital vault and provide copies for your safe keeping.