Assett Protection & Structuring

Why Asset Protection and Structuring is Important

When individuals have accumulated significant assets and wealth, and their financial situation is complex enough to require more sophisticated planning, it becomes important to consider asset protection and structuring strategies.

Asset Protection

Asset protection refers to strategies designed to protect an individual’s assets from potential legal claims or other risks that could result in the loss of those assets. For example, a wealthy individual may consider setting up trusts or other legal structures to protect their assets from potential lawsuits, creditors, or other legal liabilities.

Structuring Strategies

Structuring strategies refer to the use of legal and financial structures to manage and maximise wealth. For example, a wealthy individual may consider structuring their assets in a way that minimises taxes, maximises income, or provides for a smooth transfer of wealth to future generations.

The Importance of Asset Protection and Structuring for Wealthy Individuals

In general, as individuals accumulate significant assets and wealth, their financial situation becomes more complex, and the need for asset protection and structuring strategies increases. This is particularly true for wealthy individuals who are exposed to higher levels of risk, such as business owners, executives, or individuals in high-profile positions.

How Wihse Financial Planning Can Help

At Wihse Financial Planning, we can help you develop a comprehensive asset protection and structuring plan that is tailored to your specific financial situation and goals. Our team of experienced professionals can help you to identify potential risks and develop effective strategies to protect your assets and maximise your wealth. Contact us today to learn more.

Frequently Asked Questions

No, it is important to engage in asset protection planning before a legal issue arises. Trying to protect assets after a legal issue has arisen can be viewed as fraudulent conveyance and may result in penalties or even criminal charges.

Offshore structures can be used for asset protection, but it is important to ensure that they are set up properly and comply with all applicable laws and regulations. It is also important to note that offshore structures can be subject to increased scrutiny and regulations, so it is important to work with experienced professionals when using these strategies.

There are several strategies you can consider for asset protection in Australia, such as setting up a trust, establishing a company or incorporating a self-managed super fund (SMSF). Please consult with a financial planner or legal professional who is familiar with the Australian legal and regulatory landscape to determine the most suitable asset protection strategy for your specific situation.


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