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Your Financial Roadmap
Asset Protection

Asset protection in financial planning involves implementing strategies and measures to safeguard one's wealth and possessions from potential risks, such as lawsuits, creditors, and financial downturns.

Lawsuits

An intentional or unintentional act that causes damage often lead to lawsuits. We aim to shield our client's assets from these potential actions.

Tax (IRS)

You pay the IRS every year (#1 creditor). A MUST is to create tax efficient strategies to in your plan to minimize taxes. 

Stock Market

Anything that can take money from you can be considered a risk. It may sound illogical, but downturns in the market can deplete assets. Mitigating its risk is an important step.

Long Term Care

Can be one of the biggest expenses, if not planned can ruin many financial plans. 

Accumulating assets for retirement can be futile if legal actions threaten to strip them away.

 

Asset protection planning, often misunderstood, is crucial in safeguarding against lawsuits, particularly negligence suits arising from issues like distracted driving due to cell phone use.

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Ownership of property and certain professions, such as doctors, lawyers, business owners, or entrepreneurs, introduces liability concerns that demand attention. To shield assets from creditors, creating a strategy that may include Limited Liability Companies (LLCs), insurances and/or trusts can be instrumental, provided they are structured correctly in a creditor-friendly state, following proper formation procedures by a qualified professional.

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Assets like brokerage accounts, rental properties, vacation homes, and IRAs are apt for protection. possibly thru LLCs. Crucially, separating liability assets from non-liability assets within LLCs is paramount to mitigate risks.

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In a comprehensive strategy, it's vital to address diverse liabilities and potential creditors for robust asset protection, ensuring a secure financial future.

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J. Silvagni

Financial Advisor

Maui Wealth Solutions LLC

Regional Office:

113 Elgin Ave

Westmont, NJ 08108

(609)332-4918

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Disclosures:

J. Silvagni is an Investment Adviser Representative

Investment advisory services are offered through Advisor Share Wealth Management (ASWM) doing business as Maui Wealth Solutions LLC., a registered investment advisor. ASWM, Maui Wealth Solutions LLC and A Financial Road Map operate independently of each other. For a comprehensive overview of investment risks, fees, and services, please refer to the ASWM firm brochure (ADV Part 2A), obtainable from your Investment Advisor Representative or by contacting ASWM. The content provided on this website is for informational purposes only and should not be construed as a solicitation or recommendation of any investment strategy. Investments and/or investment strategies carry inherent risks, including the potential loss of principal. There is no guarantee that any investment strategy will achieve its objectives.

Advisor Share Wealth Management ADV 2A Brochure |

 Jay Silvagni ADV Part 2B Brochure | 

 CRS Brochure |

​PLEASE NOTE:

The information, data, and opinions contained herein this communication are provided solely for informational purposes only. They are not warranted to be correct, complete, or accurate. To the extent permitted by law, Advisor Share Wealth Management does not accept any liability arising from the use of this communication. You should not assume that any information, data, or opinions contained herein serves as the receipt of, or a substitute for, personalized investment advice from Advisor Share Wealth Management or from any other investment professional. Past performance is not an indication of future results and actual results may vary. Investing has an inherent element of risk, including the risk of losing invested principal.

 

 

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