Financial planner Kevin Wessell and others in the field aim to help clients keep their assets as secure as possible. Mr. Wessell regularly provides help and guidance to clients who wish to limit their liability and avoid foreseeable threats.

1. KEVIN WESSELL -
ASSET PROTECTION
PLANNING
By Kevin Wessell

2. Introduction
 Financial planner Kevin Wessell and others in
the field aim to help clients keep their assets
as secure as possible. Mr. Wessell regularly
provides help and guidance to clients who
wish to limit their liability and avoid
foreseeable threats.

3. Protecting Assets
 Many individuals and businesses want to
develop plans to protect their assets. While it’s
not possible for a person or business to protect
their assets with 100 percent certainty, there
are ways to help shield assets and reduce the
risk that they will be seized. By making assets
difficult to access, a litigious troublemaker or a
creditor may be more likely to settle than to
pursue a lawsuit and incur great costs, if the
likelihood of success is minimal.

4. Conclusion
 One of the first steps in developing an asset
protection plan is to make certain that you and
your property are fully insured. You may also
consider checking your state’s rules on liability.
Certain states exclude homes and residential
property from lawsuits, for instance.
Then, consider putting money in a trust. There
are both onshore and offshore options. Just
keep in mind that money placed in a trust
should be left alone as much as possible and
should not be used frequently.