Protect what you have worked for
- Strategic approach to protecting your wealth
- Clever insurance solutions
- Asset protection
- Tax-effective trust structures
- Professional wealth management
It's hard enough to accumulate wealth and a comfortable lifestyle without worrying about the impact of life's misfortunes and eventualities. To ensure asset and income protection for the family or business requires a strategic approach to risk transfer and flexibility as circumstances change.
Transfer the risk to protect assets and income
Put simply, it pays to have someone else take on our financial risks.
Risk transfer, otherwise called insurance, is a highly cost-effective way of protecting the growing value of assets and investments. Consider insurance instruments such as:
• Life Insurance
• Total & Permanent Disability Insurance
• Trauma Insurance
• Income Insurance
• Business Expenses Insurance
• Key Person Insurance
• House & Contents Insurance
• Health Insurance
These instruments are tax deductible against personal and business income and provide a solid platform for asset and income protection.
At around 1% of sum assured can you afford not to be insured?
Before considering any asset protection one should have adequate insurance as a stop-gap.
Asset Protection
Here, the only goal is legal protection of assets, and it's a complex task as everybody's circumstances are different. It requires in-depth knowledge of all legitimate solutions and a strategy tailored to maximise protection and minimise risk.
A Trust structure
A trust structure is a tool for investors and businesses. The function of a trust is to disconnect control and ownership of assets. The result is that asset protection is possible and profits can be distributed in the most tax effective way.
The type of trust depends on many factors, including; type of asset or business, financing, income type, susceptibility to litigation and family status.
Ownership plays a key factor in not just asset protection but within the tax system, too. This is why a sound trust structure will structure the entity to own nothing and control everything.
Professional advice
Asset and income protection are matters of vital importance to wealth management. The complexities and implications of risk transfer and asset protection require comprehensive professional advice to be effective.
Call Highland today for sound, professional support of your assets and income.
