Asset protection planning can be a critical component of estate planning for some clients who wish to combine a concern for their protecting assets with their interest in planning for the transfer of their wealth to successive generations.
HFM offers sound and practical advice regarding the protection of assets and assists clients in creating comprehensive wealth transfer strategies, with careful thought given to each family’s individual situation. We can assist in how assets are transferred to successive generations and in how to prepare those generations for the responsibilities that come with wealth.
Many of our clients are owners of small or medium-sized businesses who want to minimize, to the extent possible, the liability risks of those businesses, and who also want to shelter their personal assets from the potential liabilities of their businesses. Many clients seek assistance to ensure they can pass their businesses on to the next generation. Some clients have larger estates they want to pass on to charitable beneficiaries in the most tax efficient manner possible.
At HFM, we offer personalized advice based on your unique situation. We learn about your wishes for the present and the future, and strive to meet your needs and those of your family with various tools to help in planning the transfer of your wealth, including:
• Asset Protection Trust
• Special Needs Trusts
• Family Foundations
• Life Insurance Trusts
• Revocable Living Trusts
• A/B and A/B/C Trusts
• Charitable Trusts
• Generation Skipping Trusts