Asset
Protection
If you look at the foundation
of any sound financial plan you will see asset
protection as the cornerstone. It is crucial to
be secure in the knowledge that what you already
own is protected and sound before you begin to
consider growing your assets.
Asset protection can take many
forms including the titling of who owns your
assets, having appropriate legal documentation,
safeguarding your financial assets and
appropriate insurance coverages. Some of these
concepts are more familiar than others. For
example, you would have to look hard to find a
homeowner who doesn’t have insurance to
protect his property and possessions from
accident or theft. In fact, banks and mortgage
companies make insurance a requirement to
financing. But, many people fail to adequately
protect their savings and their loved ones
against an unexpected death, disability or
long-term care need. For most of us, insurance is
a complicated product, full of gloom and
misunderstanding. Instead, insurance should be
considered one of many tools used to protect you
from the risks in life.
As one component of our asset
protection review, the professionals at Progressive
will examine your coverages in light of your
personal and financial situation. In insuring
that they meet your personal and business needs
we will consider factors such as your age,
health, family responsibilities and your other
assets. Then, we will provide you with clear
concise explanations, information and the advice
necessary to make prudent decisions concerning
the types and amounts of coverages that are right
for you. These coverages will be integrated with
other asset protection strategies to provide a
comprehensive level of protection.
For more information about
Asset Protection please visit this other helpful
website:
Senior Law -
Senior Law Homepage
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certain places on this Progressive Financial
Planning Services Inc. (hereby known as
Progressive FPS) Internet site, live 'links' to
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otherwise does not constitute or imply
endorsement, recommendation, or favoring by
Progressive FPS.
