Details Of Our - Fixed Monthly Premium Business & Personal Asset ePack Plans.

Why Choose Our Business & Personal Protection ePacks?

In todays economic environment it is important to read the road ahead and consider any potential future business or personal financial problems.

What if your bank requested your Personal Overdraft be cleared off or your business was hit with a large bad debt default, VAT or Inland Revenue assessment or investigation ? What if your bankers decide that they need further security to cover your borrowings or decide to reduce your facility in a particularly difficult trading period.

Ask yourself seriously, what contingency plans you have in place. Can you weather the storm of the current recession ?

Protect Your Home Equity & Business Assets - With our Asset Protection ePacks.

With a projected 43,000 firms to go under in 2010 and current personal insolvencies predicted at 360 individuals per day and repossessions climbing, how would you and your family cope with the loss of your business income or home if secured to a lender ?

What would you be left with ?

ASSET PROTECTION & CREDITORS:

Protecting your personal or business assets from creditors is essential and legal. Primary residence equity, household furniture and furnishings, clothing and jewellery, tools of a trade and all unencumbered business assets as well as life insurance benefits should be protected. Basically everything of value that you own and want to protect.

ASSET PROTECTION & DIVORCE:

Many families want to make sure that errant spouses have no legal claims on family assets and they do not wish to rely on the current divorce and separation laws to achieve this. Divorce is unpleasant and sometimes it is impossible to avoid, but the sense of injustice that can arise from a court ordering the reallocation of assets can be quite devastating.

Marital property involves all income and assets acquired by either spouse during the marriage, even if an asset is in one spouse's name. At the time of a divorce, this marital property is the subject of contention between the separating couple. However, there are certain types of non-marital property and assets which may not be divided at the time of divorce. These properties include property owned before marriage, your inheritance, and gifts, as well as other strategic pre-planned asset listings.

ASSET PROTECTION COURT ACTIONS & JUDGEMENTS:

Asset protection planning is also known as pre-litigation or pre-judgment planning as asset protection is obviously done in anticipation of future lawsuits and even court action judgments. Once a judgment has been approved by the court, the judgment will go into collections whereby the creditor attempts to enforce the judgment against the assets of the debtor. During the collections process, it is possible that the creditor undertakes extensive research and discovers the debtor’s assets. If the creditor comes up with the location of the debtor’s assets, it is compulsory for the debtor to respond to such location disclosure requests. If the debtor chooses not to respond, the are then considered to be in contempt of court.

ASSET PROTECTION BUSINESS FAILURE:

The laws of bankruptcy control what is possible in these situations. Planning to protect family assets from being claimed by creditors should the family business run into problems at some point in the future is essential. The protection of assets should be considered from the start rather than simply when there is a risk of the business running into problems.

ASSET PROTECTION LITIGATION & DISPUTES:

The UK is becoming evermore interested in litigation and in seeking financial redress and compensation for the smallest perceived mistake. There is a developing culture of blame that started out in the USA which is now seen internationally and it means that in this day and age, if something goes wrong someone, somewhere is ultimately to blame and that person must pay.

Those with the most to lose are the best targets to aim for because they are in a position to pay out big and they make suing them quite worthwhile. That is why protecting oneself and ones assets from litigation before the event is an absolutely crucial requirement.

ASSET PROTECTION & LONG TERM CARE:

Many clients think that they can gift assets to their children in order to avoid having to pay for expensive long-term nursing care. At The Protect Group we can set up a structure which will protect your assets. This must be done before the elderly person enters care to have any real chance of success.

ASSET PROTECTION STRATEGIES & PLANNING:

Asset protection strategies are not put into place to hide your property assets from government bodies or to avoid taxation or illegally avoiding paying your creditors. Asset protection planning does not involve tax evasion as applicable tax liabilities require to be paid. It is always important to properly report your taxable income. The legitimacy of your protection package with The Protect Group could be jeopardised if there is improper or illusive reporting, which will effect protection should you need it.

One of the most important factors in an asset protection strategy is timing. If you decide to remove your name from your personal assets while in the midst of litigation, there will complications.