Attorney Jeffrey P. Coleman describes some professionals who may also assist you in customizing a successful asset protection plan.
Video Transcript:
There are a number of different ways that you can be tripped up in preparing an asset protection plan. You need to work with a team, that team is going to be comprised of two people like your CPA; because there are some issues where it might be a great decision to make from an asset-protection-point-of-view, but it puts you in a terrible tax position or vice versa. You also want to make sure that you’ve got a professional insurance agent (especially if you own a business) working on interfacing your asset protection plan with your insurance requirements. There is give and take between these different professionals and each decision needs to be made by you working with your team.
