You spend years working hard to accumulate your assets, but do you have the right strategies in place to protect those assets? Unfortunately, the information available to assist in best protecting your assets is not so clear cut. This is where it is vital to ensure you have specialist advice to safeguard your years of hard work.

The beginning of the year, when we often consider personal plans and goals, is a great time to look at your assets and the protection strategies you currently have in place.

Some important questions to ask yourself:

  • What will happen to you and your assets if business does not go as planned?
  • What will happen to your assets in the case of personal accident or litigation?

What can I do to protect my assets?

One of the most effective strategies for asset protection is to structure your business in a way that will limit personal liability. This can be done various ways with the view to separate your personal and investment assets from those of the business, shielding them from potential losses or legal action. A common strategy for asset protection is to hold assets in a trust. By placing assets in a trust, you stand a chance at protecting them from creditors, legal action, and other risks, provided you play by the rules. Asset Protection vehicles are not limited to trusts where private companies and self-managed superannuation funds provide alternative protection mechanisms.

It is also important to ensure that your business is properly insured. Having the right insurance policies in place can help protect your business’s assets in case of an accident, theft, or other unforeseen event.

Finally, it is important to have an up-to-date will and estate plan in place. Having a will in place will ensure that your assets are distributed according to your wishes, and that your business is in the best position possible after your death.

Leave a comment

Osborne Park Office
18 Sangiorgio Court, Osborne Park WA 6017
Locked Bag 4,Osborne Park DC WA 6916
(08) 6165 4067
Mon - Fri: 8.00 am - 5.00 pm
Port Hedland Office
15 Edgar Street,Port Hedland WA 6721
Locked Bag 4,Osborne Park DC WA 6916
(08) 6165 4067

Osborne Park Office

18 Sangiorgio Court, Osborne Park WA 6017
Locked Bag 4, Osborne Park DC WA 6916
Mon - Fri: 8.00 am - 5.00 pm

Port Hedland Office

15 Edgar Street, Port Hedland WA 6721
Locked Bag 4, Osborne Park DC WA 6916
(08) 6165 4067

Copyright © 2024 Armada Accountants & Advisors.
ALL RIGHTS RESERVED 

Armada Accountants Pty Ltd – ABN 79 009 298 542, Armada Financial Planning Pty Ltd – Corporate Authorised Representatives of Armada Wealth Management Pty Ltd AFSL 535978, Armada Lending Pty Ltd – ABN 20 603 067 983 – Authorised Corporate Credit Representative (470054) of BLSSA Pty Ltd (ACL 391237), Armada Audit Services Pty Ltd – ABN 39 151 015 002, Armada Business Services Pty Ltd ABN 29 008 762 481 are members of the Armada Group. Each member of the Armada Group is a separate legal entity in its own right and is not in partnership with any other members of the Armada Group. Liability limited by a scheme approved under Professional Standards Legislation.



Armada Accountants & Advisors acknowledges and pays respect to the past, present and future Traditional Owners and Elders of this nation and the continuation of cultural and spiritual practices of Aboriginal and Torres Strait Islander peoples. Armada also acknowledges the Traditional Owners of the land where our Perth and Port Hedland offices are located, the Whadjuk Noongar People (Perth) and Kariyarra People (Port Hedland).

Armada Accountants Pty Ltd – ABN 79 009 298 542, Armada Financial Planning Pty Ltd – Corporate Authorised Representatives of Armada Wealth Management Pty Ltd AFSL 535978, Armada Lending Pty Ltd – ABN 20 603 067 983 – Authorised Corporate Credit Representative (470054) of BLSSA Pty Ltd (ACL 391237), Armada Audit Services Pty Ltd – ABN 39 151 015 002, Armada Business Services Pty Ltd ABN 29 008 762 481 are members of the Armada Group. Each member of the Armada Group is a separate legal entity in its own right and is not in partnership with any other members of the Armada Group. Liability limited by a scheme approved under Professional Standards Legislation.


Armada Accountants & Advisors acknowledges and pays respect to the past, present and future Traditional Owners and Elders of this nation and the continuation of cultural and spiritual practices of Aboriginal and Torres Strait Islander peoples. Armada also acknowledges the Traditional Owners of the land where our Perth and Port Hedland offices are located, the Whadjuk Noongar People (Perth) and Kariyarra People (Port Hedland).

Copyright © 2024 Armada Accountants & Advisors.
ALL RIGHTS RESERVED 

Terms of use | 
Privacy Policy | Site by Command IT Services