Asset Protection
Discover how annuities can enhance your asset protection.
The term asset protection typically refers to the process by which a lawful series of techniques are applied that protect your assets and savings from claims of future creditors. For many individuals though, asset protection planning can mean much more than simply protecting assets from debts incurred.
Asset protection planning can be a vital part of a retirement or estate plan, providing peace of mind and security that all or part of your accumulated wealth has some degree of protection against unforeseen circumstances. Your degree of exposure to risk, the types of assets you own, and your total net worth are but a few of the factors to consider when developing a personal strategy for future wealth preservation and asset protection. Asset protection can be used for estate planning, to avoid probate, to create trusts, to protect wealth, to maximize tax reductions, and create permanent security.
For some, protection can be as simple as converting an asset into a fixed stream of guaranteed payments, within an irrevocable income annuity that satisfies state legislative requirements. For others facing high nursing home costs who have been told to impoverish themselves to qualify for welfare, an immediate annuity could be the difference between leaving something for your family, or watching your entire life savings dwindle away within a few years.
Let a qualified planner and member of the Annuities Institute help you get the most from your asset protection and retirement plan. For a friendly interview complete the form below, or call toll free 1-888-429-3070 to arrange a personalized telephone introduction with an experienced advisor near to you. |
