If you would classify yourself as someone who has a very high net worth, it is even more important for you to retain the services of an advisor, who looks at your individual financial situation, specifically. High net worth clients often have unique concerns as it relates to minimizing their taxes, estate planning, passing on business owner interests and asset protection.
Unfortunately, not every estate planning attorney will be thoroughly experienced in asset protection planning and other complicated aspects of estate planning for high net worth clients. This is why it is so important for people who find themselves in that situation to work only with an attorney that they can trust.
If you already have a high net worth, it is likely that this is going to continue to grow and present unique challenges and planning opportunities. These planning opportunities may enable you to invest more heavily in your retirement to give philanthropically or to support your loved ones with a variety of different types of tools and strategies such as trusts. In all of these complicated scenarios, it’s beneficial for a high net worth client to understand how they can be navigated through with the proper guidance by using the support of an experienced estate planning attorney.
