What is Asset Protection?

What is Asset Protection?

Do you own property or a valuable collection of antiques? If so, then you own an asset. According to Investopedia, an asset is a resource with economic value owned by an individual, corporation, or country that is expected to provide a benefit in the future. Assets can generate cash flow, reduce expenses, and increase the net worth of an owner. Individuals who invest in assets both create and maintain wealth. Since not all assets are physical, here are a few examples of assets: Property Precious metals Cash Collectibles Patents Trademarks Prepaid expenses Equipment Copyrights Stocks Bonds Foreign currency Assets are so crucial to an individual’s financial health, protecting them is critical! If you own any assets, join us on Friday, March 20th, for this month’s Brunch and Learn. Our guest speaker Wendy Mara, Esq., will be discussing the topic Protecting You and Your Assets with Estate Planning. This Brunch and Learn will take place at the Golden Corral on 225 Cypress Edge...
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