Asset Protection is a set of measures to legally protect the private assets of entrepreneurs and managing directors from the access of creditors – and thus to protect the retirement provision and the financial security of the family.
First and foremost, we recommend developing a comprehensive strategy in good time, as arrangements for the precautionary protection of your assets are only legally sound and suitable if a liability risk has not yet materialized. Unfortunately, in practice sensible measures are often considered too late, e.g. in the context of a current corporate crisis or even in the run-up to insolvency.
First, we analyze your asset situation and the possible liability situation together with you. Based on this analysis, we then make recommendations for structuring your assets that are tailored to your personal situation and goals. We also take into account possible interdependencies, because such arrangements must be enforcement-proof on the one hand and must not trigger any avoidable tax burdens on the other.
To protect your assets, it is often advisable to take a bundle of measures such as
Conclusion of a Directors & Officers insurance policy
Protection of the family home
Matrimonial property regimes
Life insurance
Foundations