So if you read this and wonder, consider your total assets and think about the general population. If you have in excess of a $1,000,000 in assets you are likely a high net worth individual. So now, how do you protect those assets?
The answer to that question comes in many forms. Obviously your team of advisors (accountant, attorney and independent insurance agent) need to work together to protect your assets. This will be done through not only estate planning activities, but also through risk transfer. The most common type of risk transfer will be insurance.
So you might think, insurance? Do you mean life insurance? Well, that is one form of asset preservation, but to truely protect your assets, you need to consider other coverages like: Homeowners Insurance, Umbrella Liability Insurance, Auto Insurance, and liability for your toys such as snowmobiles, ATV’s, boats, etc.
It’s important that we not only underwrite your items, but also your lifestyle. In that way we can truely understand how to best protect all you’ve worked for.