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We work hard for the money, so hard for it, honey. We work hard for the money, so you better treat it right… and get yourself an asset protection plan.

We may be a little off regarding the lyrics of Donna Summer’s 1983 hit, but we are right on point when it comes to protecting yourself.

Whether you’re a multi-million dollar singer/songwriter or janitor, everyone should have an asset protection plan in place. These plans are no longer for the ultra rich or business owners, they are created for anyone who cares about protecting the assets they work hard to obtain.

With that said, Wild Felice & Partners provides the four main benefits of having an asset protection plan:

  1. If you have experienced a car accident, a medical emergency or lose your job, you are susceptible to creditors and potential lien holders. These circumstances make you an easier target for a lawsuit, thus putting your home, cars, money, retirement accounts etc. at risk.
  1. Almost every insurance policy has exclusions or limits, an asset protection plan should cover anything missing by your insurance coverage.
  1. The more unprotected assets you own, the more likely a creditor could sue you or your business for those assets. Most attorneys do an in-depth analysis of your assets prior to stepping foot in court in order to see where you are most vulnerable. Have the peace of mind that your assets are protected before, during and after legal proceedings.
  1. Asset protection not only protects your money, but also preserves it. This investment will appreciate in value, the older it is, the strong it becomes.

So as you stare at the clock, which seems to be going backwards and cursing us for getting “She works hard for the money” stuck in your head, remember the importance of protecting your assets.

To learn more or schedule a free consultation, contact Wild Felice & Partners at http://wfplaw.com/Contact-Us.html or call us at 954-944-2855.

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Wild Felice & Partners is a full-service, Fort Lauderdale, Florida based law firm with a specialty in estate planning, asset protection, elder law, and probate administration. Our law firm provides the knowledge and experience of a large law firm, while giving our clients the hands-on service and attention to detail that only a smaller firm can truly offer.