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The easiest money you will ever make is to Not Lose Money. Today there are more threats to your wealth than at any other time in history. Fortunately, for those who are aware, there are Asset Protection and Wealth Preservation strategies that can help keep your money in your pocket. We can help you plug the leaky holes in your wealth bucket.
Wealth Preservation
Advanced Wealth Management Wealth Preservation Wealth Threats
Denver Financial Group employs a Dynamic True Asset Allocation strategy that combines highly comprehensive financial, tax, retirement and estate planning, asset protection, and investment management to protect against these threats. Through proper utilization of these strategies, we can work toward achieving our goal of protecting your net worth.
1. Market Losses
Most conventional investment approaches rely almost exclusively on market based investments, such as stocks, bonds, and mutual funds. These conventional approaches present these plans as having “asset allocation”... read more
2. Paying Taxes Greater than
What You Are Legally Obligated to Pay
You have heard the old wisdom, “We Don’t Know What We Don’t Know.” Many people do not know that there are strategies that exist that can dramatically reduce or potentially eliminate their taxes. These include strategies to reduce or ... read more
3. Litigation
Most conventional asset protection “gurus” believe asset protection revolves around helping clients who have money protect that money from your “typical” creditor from a negligence suit. A few examples of a typical creditor are: a patient who... read more
Who are other common creditors most
people don’t think of as a “typical” creditor?
...The IRS is everyone's number one guaranteed creditor every year! Every year high income people pay taxes to this creditor. Would your like to pay less in income taxes this year? Absolutely. That’s why...read more
1. Market Losses
Most conventional investment approaches rely almost exclusively on market based investments, such as stocks, bonds, and mutual funds. These conventional approaches present these plans as having “asset allocation” or “diversification.” The theory was that when one asset went down in value, the overall portfolio would not be devastated as other asset components would compensate. But as the world has seen, many of those conventional approaches suffered losses across all assets. We believe strongly that a better approach is to use a True Asset Allocation strategy that includes investments that have no market correlation and/or rely on insurance strategies that have guaranteed income.
2. Tax Reduction and Tax Advantage Investing
You have heard the old wisdom, “We Don’t Know What We Don’t Know”. Many people do not know that there are strategies that exist that can dramatically reduce or potentially eliminate their taxes. These include strategies to reduce or potentially eliminate taxes on personal income, business income, and estate transfer. There are now more than 51 different kinds of taxes – taxes that didn’t exist in 1900. Taxes when you earn your income, Taxes when you grow your assets, Taxes when you receive your Retirement and Social Security Income, Taxes when you leave a legacy. One of our primary (and most enjoyable) services is to assist our clients in the development of strategies which minimize taxes while they are alive, and potentially avoid taxes when they die. There are many different ways to reduce taxes on income during your life, but achieving the latter may take significant steps and planning over a few months or a few years - but the end result is well worth it!
3. Protecting Assets from Litigation Threats
What is asset protection?
Many conventional asset protection “gurus” believe asset protection revolves around helping clients who have money protect that money from your “typical” creditor from a negligence suit. A few examples of a typical creditor are: a patient who sues a physician for malpractice, someone who slips and falls on property and sues the owner, or someone injured from someone negligently driving a car.
This concept of Asset Protection is focused on protecting and preserving wealth from the attack of creditors. Some believe our country has become a nation of lawsuits, many of which are frivolous in nature. Yet the cost to defend oneself from these lawsuits has grown astronomically. To the point where in many cases, a settlement is arranged even though the suit may have no merit. A settlement such as this is frequently more cost effective then defending oneself.
An effective asset protection plan is designed to make it difficult, if not impossible, for a creditor to successfully attack ones assets. Frequently, the creditor's attorney will not even pursue the case when they discover an effective asset protection plan has been implemented. It is much easier for the attorney to pursue another case where assets have not been protected.
A well-designed asset protection plan has two primary goals:
- Make the possibility of a judgment being enforced against
protected assets difficult, if not impossible. - Protect your current and future lifestyle.
- There are a significant number of critical elements that must be
employed in strategies such as these to make them effective and legal.
Our team, with the support of some of the top asset protection attorneys in the country, specialize in developing effective and compliant asset protection structures. These structures are designed with the objective of helping clients protect their assets from attack. In today's litigious society, it is important to achieve not only wealth accumulation but also wealth protection. This includes business, retirement, family and personal assets.
Top of Page
Who are other common creditors most people don’t think of as a “typical” creditor?
The IRS and state government
If you owe state or federal government taxes then the IRS can been seen as a everyone's number one guaranteed creditor! Every year high income people pay taxes to this creditor. Would you like to potentially pay less in income taxes this year? Absolutely. That’s one reason why becoming our client can be so powerful.
People with wealth may worry about the estate taxes that will be paid upon their death. It is important to find a financial advisor that understands advance estate planning and ways to mitigate estate taxes. There are many tools to reduce the size of a client’s taxable estate to potentially minimize or avoid estate taxes.
Capital gains.
Many people every year sell highly appreciated real estate and stocks. Some of those people complain because they have to pay capital gains taxes. We can help our clients sell highly appreciated assets and possibly avoid the current capital gains thereby allowing the money to be used for years to help our clients build a larger retirement nest egg. Again, what sets us apart from other advisors is that we believe we know more solutions which allows us to give advice that is in our clients best interest.
Long-Term care expenses.
The health industry can be seen as a common creditor for people over the age of 65 in the form of long-term care expenses (drug costs, home health care, nursing home, surgeries, etc.). It is vitally important for people to protect themselves from this expense. The best time to protect your wealth from this future cost is to deal with it while you are still working (if possible).