When should I put an asset protection plan in place?

Establishing an asset protection strategy early can help safeguard your wealth before potential risks arise. These strategies are particularly valuable in situations such as:

• Financial challenges or business insolvency
• Lawsuits or legal actions against your business
• Breakdown of shareholder agreements, joint ventures or business partnerships
• Claims from creditors, divorce proceedings or personal bankruptcy
• Divorce or bankruptcy of your children, particularly if they are beneficiaries in your will