No time period in my memory has been as economically tumultuous as the last few years. And no period has so clearly demonstrated the need to manage risk. Many business owners and investors have experienced huge financial setbacks or even worse, including some very capable ones. Failures come from a variety of origins, including inadequate liability insurance, declining asset values, limitations in financing opportunities, collection difficulties with customers, declining sales opportunities, etc. Whatever the cause, the consequences are often devastating.

Limiting risk and safeguarding your assets from loss is not a new idea. Asset Protection Planning is the name sometimes given to the process of arranging your assets to protect them against the risk of loss to future creditors.

By: Jeffrey M. Bellamy, Esq. Risk is part of everyday life.  In both your business and personal life, you evaluate risk in any relevant decision you make.  Is this car safe?  Is this food healthy?  Will I lose money on this investment?  These are examples of how we analyze risk in our day to day […]