Protect Your Wealth

There are lots of threats to the wealth that you and your family have painstakingly built over many years. They come in lots of different guises, including:

• Creditors (including the ATO)
• Director guarantees
• Workplace accidents
• Insolvency
• Law suits
• Relationships in the family breaking down
• Addictive behaviours

Protecting your wealth from these exposures is a legitimate and important strategy for you to adopt. Doing so requires careful consideration of the types of exposures that are relevant to your circumstances and the nature of the wealth we are protecting. There is no “one size fits all” approach to getting this right.

There are various ways we might consider to establish better protection for you, which may include:

• Using structures such as trusts or companies
• What assets may validly be held in your superannuation fund
• Whether offshore structures are worth it
• Are there other parties who are better placed to assume risks
• Are there other forms of security that will protect you
• Options in your estate plan

It can be better to plan your asset protection strategy before you acquire the assets. We will liaise with your accountant about the potential impacts of capital gains tax, stamp duty and other government charges to give you the best balanced outcomes.