Asset Protection Services in Folsom, CA

Since you’re reading this page, it’s safe to assume you’re looking into protecting your assets. Here’s a word of warning as you investigate asset protection services in Folsom: Most advisors don’t go far enough to safeguard your assets. Their services primarily focus on protecting your money from common creditors from negligence lawsuits, including:

  • Driving negligence resulting in an auto accident
  • Medical malpractice
  • Property negligence that results in slips, falls, and other accidents.

While it’s important to protect your assets from typical creditors, effective asset protection must be comprehensive and account for the whole spectrum of creditor threats to your assets.

Domestic and Offshore Asset Protection

Comprehensive asset protection includes both domestic and offshore strategies.

Domestic asset protection involves LLCs and FLPs and provides numerous benefits, chief among them:

  • LLCs can protect you from being personally liable for business transactions.
  • FLPs provide legal protection against creditors and also from exorbitant taxes.

Many asset protection services shy away from using offshore strategies, despite the fact that they are a critical component of a comprehensive asset protection strategy. We believe this is a matter of inadequate financial education as many business and finance programs do not include offshore planning in their curriculums. To that end, advisors who aren’t educated in lawful offshore protection strategies too often prematurely determine such strategies “must be no good.”

That couldn’t be farther from the truth. We have the education and experience implementing legal offshore strategies to safeguard your money, which typically never leaves the country.

We invite you to discover the benefits of both domestic and offshore asset protection strategies by following these links for more information:

Common Creditors

As we mentioned before, it’s important to protect your assets from common creditors and not-so-common creditors. Here are a few examples of atypical creditors that must be considered in your plan.

Internal Revenue Service and State Government

The biggest creditor we all face is the IRS and state governments which have a state income tax. But no one should pay more taxes than they are legally required to pay. Let us help you reduce your tax burden. We may be able to save you $15,000 to $100,000 or more in income taxes this year.

Stock Market

You already know the stock market can cut into your wealth with corrections and crashes. We can help you utilize wealth-building tools that enable you to grow your principle while simultaneously protecting all or the majority of your money. Imagine earning a 7%-8% guaranteed return on an accumulation value over 10 to 20 years while also earning a guaranteed lifetime income.

Estate Taxes

Estate taxes payable upon death are a primary concern of our clients. After working so hard to accumulate and grow your wealth, the last thing you want to do is lose it to estate taxes.

At Aspen Creek Financial in Folsom, we specialize in advanced asset protection services designed to reduce your estate taxes through charitable planning, gifting strategies, and a host of other tools to reduce or avoid estate taxes.

Long Term Care (LTC)

Unfortunately, too many people do not include long term care in their asset protection plans, even as LTC expenses are the number one creditor of clients age 65 or older. Exorbitant costs for prescription drugs, medical procedures, nursing homes, and in-home health care, among other expenses, can put a dent in your finances, especially if you do not plan ahead.

That’s where we come in. We specialize in using wealth-building tools like FIAs and single premium life policies that also include a long-term care benefit.

Next Steps

Don’t wait another day to implement your asset protection plan. Contact us to get started today!

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