Asset Protection
Your assets and financial security is of paramount importance to your current and future position. Proper planning needs to be in place to protect your financial interests from different circumstances which may arise. By structuring your finances you are able to best protect your financial interests. We are able to advise on a number of different asset protecting mechanisms including the following business interests:
• Holding assets in a company;
• Holding assets in a trust;
• Transfer of property to another persons name.
We will consider the different asset protection structures and the most appropriate mechanism to achieve your financial needs.
Certain occupations can expose you to personal liability such as where you are the Director of a Company or investment or proprietor of a business. In these circumstances it will be extremely important to ensure that you have appropriate asset protection mechanisms in place to protect your personal wealth.
When deciding on an appropriate asset protection structure for you we will take into consideration and advise you on:
• The tax implications of establishing and conducting your business utilising a particular structure;
• Any Capital Gains Tax liability;
• Liability to Duties such as stamp duty, incurred as a result of transferring assets.
We can advise you on particular trusts and variation of trust deeds as appropriate to your particular situation.
The proper protection of personal assets brings great piece of mind. At Cosgriff Orchard Legal we are able to provide advice and give recommendations based on our clients' individual needs and circumstances so as to tailor asset protection to the needs of our clients.
