There’s no “one right firewall,” “one right strategy,” “one right plan,” or “magic bullet.” You need a customized asset protection plan. What is best for you in your specific situation?

Since “one-size-fits-all” plans don’t work, avoid “so-called” asset protection planners pushing that “one quick fix” or “magic bullet.” For example, you can find plenty of assembly line planners who push Nevada corporations as “everybody’s” asset protection answer. Others do only offshore trusts or limited partnerships. They oftentimes are good firewalls, but are they good for you?

Your asset protection planner must give you the widest range of protective options, because any one firewall is only one possible tool in the planner’s toolbox. No one firewall is everybody’s lawsuit-proofing answer.

Your planner must also expertly use each protective tool. Unfortunately, these more versatile planners are difficult to find. Few planners offer both offshore and domestic (U.S.- based) protective strategies. But high net-worth individuals frequently need both a domestic and offshore plan component. Your planner must skillfully provide both. Or your planner may protect only specific assets because that’s how the planner makes money. Insurance professionals sell insurance/accounts receivable factoring programs to physicians and business owners, suggesting that through these financing plans they can protect their receivables against lawsuits. Such financed insurance programs may make sense for you. But even when it’s good to shelter your accounts receivables, how will it protect your many other assets?

The planner who doesn’t give you the complete arsenal of protective firewalls reduces your options and your protection. Your planner can only customize your best plan by considering every factor unique to you, including:

• What are your state laws?
• What assets must you protect?
• What liabilities do you need protection against?
• Do you need preventative or crisis planning?
• What are your financial (estate planning, investment and tax) goals and present plans?
• What strategies would you most comfortably adopt?
• What are the costs, both immediate and ongoing?
• What is your personal situation (age, marital status, etc.)?

We customize your plan by expertly blending these factors. Then it’s only your best plan at that point in time. Your future plan may change.