Visions & Voices in Family Office: Asset Protection
Overview
As a subset of estate planning, asset protection is an important part of a family office’s risk management strategy. In this video, Chris Mays and Craig Redler discuss various strategies for asset protection, particularly for individuals and businesses facing potential legal claims and financial risks. They explore different structures such as trusts and the use of international jurisdictions like the Cook Islands to safeguard assets from litigation. Their conversation also covers the importance of understanding state-specific exemptions, the use of debt as a protection tool, and real-life examples of how these strategies can effectively shield assets during legal disputes.