Three wealth protection strategies to help you plan for the future
When you have worked hard and invested wisely to build your wealth, you want to preserve it. That is why choosing a wealth protection strategy that aligns with your lifestyle and future goals is essential.
Protection comes in many forms - insurance, income protection, trust, or investment, among others. Ideally, a combination approach tailored to your needs is the best way to safeguard your wealth. Below, we cover three of the most effective methods.
What is a wealth protection strategy?
Wealth protection is simply a way to protect the assets you have accrued throughout your life. In the event of any unforeseen circ*mstances, it enables you to maintain your lifestyle and financial stability as the future unfolds.
Having a protection strategy in place gives you a level of control over your wealth that could benefit you and future generations. It can help you avoid unnecessary stress and financial pressure if a loved one dies, or you become ill and are unable to work. It also safeguards your assets for the future, so your family can enjoy the security and care you want for them.
How wealth protection benefits you
- Identifies who might be impacted by unforeseen circ*mstances
- Safeguards you and your family against unpredictable events
- Protects beneficiaries
- Transfers wealth easily
- Enables tax efficient transfer of wealthy from one generation to the next
- Brings the advice and insight of an independent trustee
- Gives a greater level of control over your wealth.
