Our professional responsibility doesn’t end with building your wealth. You must protect it. To give appropriate recommendations for safeguarding your income and preserving your wealth, we will need to understand your income sources, both now and in the future. Our strategy selection will be time-bound and focused on the most promising strategies.
Asset protection planning, commonly known as asset preservation, is where individuals or entities reposition certain assets from nonexempt status, meaning they are subject to creditors’ claims to be exempt.
What is important to remember is that you are not allowed to begin the asset preservation planning process during a legal dispute. You and your family work hard to maintain and improve your standard of living through work, savings, and investments. Ensuring that your financial assets remain safe and secure, available for yourself and your heirs is among the most critical tasks of your life.
Therefore, strategic financial and estate planning should begin now, so you can help ensure you, your family, and their future are protected later. At Echelon, we work with estate planning attorneys to establish plans for asset preservation and protection.