Asset Protection & Investment Structures
How to effectively protect your assets
It can take a lifetime to grow your wealth and asset base, but only a moment in time for it to be lost and taken away. Asset protection is the use of smart, legal strategies to protect your assets. Most people have insurance to protect against risk, but no insurance can cover every possible scenario, and you may not know which insurances are needed to protect against the unique risks you face.
• What are the safest asset protection strategies?
• What is the risk without having asset protection strategies in place?
• What is a testamentary trust?
• How can a testamentary trust be utilised to minimise tax?
• Do I still need asset protection if I have insurance?
Think asset protection doesn’t apply to you? Think again.
If you have assets in your name, you could be at risk. There is no surprise that protecting assets against frivolous creditors and lawsuits is increasingly becoming a common concern. To avoid significant losses, it is important to have reliable and effective asset protection strategies so you can continue to grow your wealth and achieve your financial objectives.
Advantages and Disadvantages of Testamentary Trusts
Testamentary trusts offer many benefits, particularly when it comes to asset protection. Their unique structure, which separates control and benefit, ensures that assets are safeguarded from legal actions and beneficiaries who may make poor financial decisions. By keeping the estate intact, testamentary trusts help protect your estate from potential bankruptcy and court orders. However, while the advantages are appealing, it’s important to weigh them against the potential disadvantages.
Why Asset Protection Is Essential for Property Investors
For first home buyers and property investors, asset protection is a crucial yet often overlooked aspect of financial planning. As you embark on the journey of purchasing your first home or investing in real estate, securing your assets from potential risks and liabilities should be a top priority. Here’s why asset protection is vital and how you can safeguard your investments effectively.
Asset protection involves strategies and legal structures designed to shield your assets from potential risks such as creditors, lawsuits, or unforeseen financial difficulties.
CGT Consequences of Separation and Divorce
With approximately one in three marriages ending in divorce, and numerous de facto relationships breaking down, understanding the capital gains tax (CGT) implications of separation has become increasingly important. The Australian Taxation Office (ATO) provides specific rollover provisions that can defer CGT liabilities when assets are transferred between separating parties, but these provisions come with critical conditions that must be met.
Our range of investment structures suits a variety of asset classes and investment requirements:
- Trusts for individual property investors
- Tailored structures and agreements for joint venture property developers
- Flexible business ownership and operating structures for: small business owners, medical professionals, family operated businesses with commercial property and other assets; and larger businesses with multiple business partners
- Enterprise structures for entrepreneurial individuals with multiple business entities and complex investment portfolio including property and shares.
Resources
Top Tax Tips Guide | Property Investors
Structuring For Your Success
How To Effectively Protect Your Assets
SFC Client Form
SFC – Business Owners
