Wealth Protection

Wealth protection

Wealth protection is not just about getting the best financial return on your money,
although this is one of the key objectives.

We view wealth protection as enhancing and protecting existing assets for those who are here to benefit from them today and making them available to meet the future needs of those who are here to benefit in the future.

What is our approach to wealth protection?

Our approach to wealth protection begins with:

Listening to you

Understanding what it is that you are trying to achieve

Formulating with you a strategy so this can be put into effect

At the root of any wealth protection strategy is putting the right team in place. We are well experienced in that respect.

We will use as part of any team those that you trust and where appropriate and necessary get others who are suitably qualified to assist.

It is a combination of different elements from investment management, financial advisory and planning disciplines, coupled with family needs, objectives and desires.

Wealth Preservation and Trusts

Trusts are an ideal way to help you and your family manage and preserve your family wealth.

They protect the spendthrift, as some would see it, from their own shortcomings by placing the control and management of funds under an independent trustee with full authority to make decisions as to how and when such funds may be spent to provide benefits.

They can be used to assist the disabled by providing and/or enhancing their independence, well-being and financial security.

When it comes to estate settlement, trusts can help avoid the time, expense and publicity of probate.

Trusts can be used to transfer wealth efficiently from one generation to the next.

By “generation skipping” with funds going from, for instance, grandparents to grandchildren, trusts can help solve family inheritance issues.

Until Courts recognise pre-nuptial or post-nuptial agreements they do assist in protecting beneficiaries from some of the vagaries of the justice system.

What is an Asset Protection Trust?

All trusts provide asset protection.  However, in some instances, trusts established in foreign jurisdictions or those that move their administration to such jurisdictions and adopt the local law as the governing law of a settlement, are subject to specific “Asset Protection Trust” legislation which seeks to assist the settlor and/or beneficiaries from third party claims.  Such legal protection goes beyond that available to a trust which is subject to Irish law.

Asset Protection Planning – Strategic and Multi-Levelled

Asset protection is no longer a luxury, it is a must.

The world is becoming a lot smaller from a business and legislative perspective and asset protection is therefore becoming more important on a daily basis.

Lawsuits are filed today in unprecedented numbers against individuals, businesses and professional practices and indeed the average professional is likely to be sued or at least face a legal claim at least once in his or her career.

You do not need to be rich to be sued; especially if you are in a high-risk situation or business.  Nor do you need to be sued to lose your assets – divorce, failed business ventures, economic instability and personal and business bankruptcy all pose a threat to asset security.

Asset preservation is a strategic process involving multi-level planning. The importance of integrating asset protection and wealth protection planning to fully protect and preserve your assets cannot be overstated. By itself, even the most sophisticated planning may not protect your wealth against the many unforeseen events and economic threats that exist today.

We consider integrating the wealth protection and the use of family trusts can help you and your family mitigate such threats.

Registered Address: FDW House, Blackthorn Business Park, Coes Road, Dundalk, Co. Louth, Ireland. Registered Number: 606596

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