D ale Vei tc h D ale Vei tc h D evelops E ffi c ien t D evelops E ffi c ien t A s s et P rotec t ion A s s et P rotec t ion S olu t ions F or H is S olu t ions F or H is

C l ientsC l ients

A s set P rotec t ion c an be des c r ibed as a g rou p of leg al tec hn iqu es that help in protec t ing a pers on 's proper ty from c red i tors and ju dg m ents . A n as set protec t ion p lan serves as a valu ab le tool that helps in protec t ing bu s ines s as wel l as personal as sets . I t i s c ons idered an im portant par t of the overal l weal th m anag ement p lan and i s m ain ly des ig ned to ensu re that the weal th ac c u m u lated by an ind ividu al , rem ains h i s . I t i s form u lated to protec t the as s ets from su i t s and c redi tors .

A s set protec t ion p lann ing refers to the proc es s whereby leg al methods are u s ed for org an iz ing affa i r s , as s ets as wel l as bu s ines s s t ru c tu res when no legal ac t ions are pending , threatened , or expec ted , wi th the g oal s of protec t ing the as s ets agains t any los s in the event of any g iven r i sk . A nd , s ec ondly, wh i le dec reas ing the pos s ib i l i ty of being the targ et of a law s u i t or any other legal ac t ion that wou ld requ i re the person to s pend t ime and m oney, and al so pu t h i s emot ional wel l -being at r i s k .

A s set protec t ion p lann ing thu s , involves find ing ou t and u t i l i z ing a lawfu l s er ies of tec hn iqu es that c an help in protec t ing you r as sets from c la im s of fu tu re c red i tors . I t i s h igh ly im portant to draft an effi c ient and c omprehens ive as set protec t ion p lan as i t helps in deterr ing l i t ig at ion and rem oving the ec onomic inc ent ive to s u e the debtor , p lac ing the power bac k in h i s /her hands , des p i te the abi l i ty of the c red i tor to fu nd an expens ive l i t igat ion . B es ides , a wel l des ig ned as s et protec t ion p lan a l so provides ind ividu al s wi th inc reas ed opt ions to fac e any pos s ib le r i sk s du r ing the fu tu re.

There are three m ethods in whic h as set protec t ion p lann ing c an help in protec t ing an ind ividu al ’ s as s ets . F i r s t ly, throu gh d ives t i tu re whereby an individu al t rans fers h i s /her hold ing s to another , ei ther by ou tr ig ht t rans fer or by having l iens or mortgag es p lac ed u pon the as set . The sec ond m ethod inc lu des exem pt ion p lann ing , u nder whic h the debtor t rans fers the as s ets to a s tatu tor i ly protec ted c las s of as s ets l ike l i fe ins u ranc e, or an I R A . U nder the th i rd m ethod of protec t ing as s ets , l i ab i l i ty-sh ield ing ent i t ies l ike c orporat ions , L L C s and t ru s t are u sed .

D ale Vei t c h i s an O r lando bas ed extens ively exper ienc ed profes s ional who s tar ted h i s c areer in 1984 in the ins u ranc e bu s ines s . H e in i t iated L exing ton F am i ly O ffi c e S ervic es in 2002 and s inc e then , has been s erving the fi rm as the C E O /C h ief F am i ly S t rateg i s t of th i s m u l t i fam i ly offi c e bu s ines s . P r ior to serving L exing ton F am i ly O ffi c e S ervi c es , D ale Vei t c h has a l so worked for C entral I nsu ranc e U nderwr i ters and M etropol i tan L i fe I ns u ranc e C om pany.

TH A N K YO UTH A N K YO U