Asset Protection

How to Know if Asset Protection is Worth the Cost

By
Dominion
Updated:
August 2, 2024
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8 min read
Contents

You’ve made it. Years of hard work, smart decisions, and maybe a little luck have paid off. Your bank account boasts a number many can only dream of. But as you revel in your accomplishments, a nagging question lingers: Can you protect what you’ve built?

The Risks Faced by HNWIs

High-net-worth individuals (HNWIs) like you face risks that are mostly unique to your ilk. You’re not just worried about the market dipping or a bad investment. No, your wealth attracts a different kind of predator. Think frivolous lawsuits, messy divorces, unexpected business liabilities – the list goes on. One wrong move and your hard-earned fortune could go up in smoke.

Don’t believe us? Just read the headlines. A famous surgeon loses millions in a malpractice suit. A tech mogul’s bitter divorce leaves his once-massive fortune in shambles. Even the cleverest of entrepreneurs can be blindsided by risks that threaten their financial security.

Those who have built up substantial assets simply face higher stakes. Full stop. But why is this? Quite frankly, your wealth is a target. True as that may be, it doesn’t mean you’re defenseless. Asset protection strategies offer a way to safeguard your wealth from those who seek to take it.

So, here’s the million-dollar question: Is asset protection worth the cost? It’s a question every HNWI must grapple with – you have to weigh the potential benefits against the financial investment.

The Cost-Benefit Analysis

To put it bluntly, asset protection isn’t free. You’ll have legal fees, trustee fees, and other costs. And these all depend on your chosen strategies. Yes, that money could be invested elsewhere, maybe in a new venture or that vacation home you’ve been eyeing. 

It’s a trade-off, a sacrifice for the promise of security. This is what we call “opportunity cost” in the financial world – what you could gain versus what you might lose.

Now, let’s talk about those gains. What can asset protection truly offer? It’s not just about dodging lawsuits or outsmarting creditors. It’s about safeguarding the life you’ve built and the legacy you’ll leave behind.

Think of it like this: your wealth isn’t just a number in a bank account. It’s your freedom, your security, your peace of mind. Asset protection puts a fortress around that wealth, shielding it from those who might try to take it from you. It’s the difference between waking up in a cold sweat, worried about a lawsuit wiping you out, and sleeping soundly, knowing your assets are secure.

But here’s the thing: asset protection isn’t for everybody. If you’re just starting out with a modest net worth, the cost might not make sense. But for HNWIs with significant assets, it’s a different ballgame entirely.

Dominion understands this distinction. We don’t dabble in copy-and-paste solutions. We cater to those with substantial wealth, crafting bespoke strategies that address your unique needs and risks. And while our services do come at a cost, we believe in delivering value that far outweighs that initial investment.

Think of us as financial architects, designing structures that not only protect your wealth but also help it grow. Our methods often lead to increased wealth generation for our clients, turning the cost of asset protection into a smart financial move. It’s about more than just keeping what you have; it’s about growing your legacy.

With Dominion, you’re buying far more than peace of mind – you’re investing in a better quality of life. Just imagine the freedom it will afford you to pursue your passions, knowing your financial future is secure. That’s the power of effective asset protection.

Of course, it’s important to be upfront about the time commitment involved. Asset protection is something that’s ongoing for the foreseeable future. While the initial setup might seem minimal, the ongoing maintenance does add up over time. 

But again, the way we set you up for success means you likely will never notice it. In fact, the exact opposite is generally true – you will increase your net worth and build more assets than ever before. At Dominion, we truly want you to be wildly successful in your endeavors and acquire substantial assets while you’re working with us.

Dominion’s Unique Approach

Dominion sets the standard for how ultra-high-net-worth individuals, or soon-to-be, govern their wealth for the long term. After all, asset protection is what we’ve become known for.

Our fully integrated international structure gives you instant access to attorneys who are intimately familiar with major markets and all significant asset protection jurisdictions. Our attorneys are citizens who live in these countries and know their ins-and-outs, often having had a hand in the creation of local laws.

Because we are not jurisdictionally limited, we are not bound by any particular legal system, giving us a nearly unlimited amount of tools to use. We aren’t afraid to leverage these tools aggressively to safeguard our clients’ wealth.

Furthermore, we are always watchful, and always adapting. We are consistently on the lookout to build new operations in friendly locations and equally ready to immediately freeze locations that have become unfriendly.

Asset protection cannot fail, and much of our time and effort is put into observing local and international law to ensure we’re forever 2 steps ahead of change. It’s just more protection for you and your assets when you work with Dominion.

Speak to Dominion Today

To put it simply, we help our clients make a lot of money, and that more than makes up for any fees associated with our asset protection services. The time we spend working for you is substantial, but the time you spend working with us is generally minimal. You should expect to make far more by using Dominion’s asset protection services.

If you’re ready to take the next step toward safeguarding your legacy, don’t hesitate to contact Dominion for a personalized consultation. It’s time to stop worrying and start enjoying the financial freedom you’ve earned. After all, your wealth deserves the best protection.

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