Estate Planning – Protecting Your Assets
Estate Planning – Protecting Your Assets
One of the issues that is often overlooked in the estate planning process is the protection of assets from third parties. Most of the effort in estate planning is around making sure that the right heir gets the right asset at the right time. What many of us do is forget to make sure that those assets are protected so that they are actually there when the time comes to pass them to the heirs. Let’s take a look at some of the basics around how to protect assets so that we actually have those assets to pass on.
How can Your Assets be Vulnerable?
One of the biggest ways that your assets could be vulnerable to a third party is through some sort of personal injury claim, as an estate planning attorney Leawood, KS trusts can explain. These arise in two major circumstances for most employed persons: First, someone comes onto your property and gets injured. Let’s assume that you have a great Independence Day celebration planned. Everyone is over and having a … Read the rest
Continue Reading