What financial information do I need to provide for asset protection planning?

When planning asset protection in New Jersey, you will need to provide financial information to help you develop a comprehensive plan. This includes information regarding your investments, retirement savings, income, assets and liabilities. On the investments side, you need to provide records of all your current holdings, such as stocks, bonds, mutual funds, and other types of investments. You should also provide records of any dividends, capital gains or losses, and other investment-related income. When it comes to retirement savings, you need to report how much you have saved, as well as the current value of those accounts. You will need to provide proof of your current employment, as well as any income from rental and business-related sources. For assets and liabilities, you need to provide a list of all your property, including real estate and personal property. You also need to provide a detailed list of your debts and financial obligations, such as mortgages, car loans, and credit card debt. Finally, you need to provide information on any trusts, annuities, or other financial accounts you have. This will help the asset protection specialist understand what types of funds may be shielded from creditors or lawsuits. By providing the necessary financial information, a qualified asset protection specialist can help you create a comprehensive plan to protect your assets.

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