Protecting Unique Assets

Owners of unique assets like family businesses, valuable collections, and legacy real estate may want to consider incorporating specialized risk management in their ownership succession plans. Risk management planning allows an owner to take proactive steps to avoid possible scenarios that could undermine his or her ownership succession plans.

Many owners of unique assets are concerned primarily with addressing ownership and control of these assets, and this concern is usually affected by social, family and economic issues. A risk management plan can help the owner consider scenarios that could possibly affect their ownership wishes and create solutions to circumvent those potential hurdles.

See Mathew F. Erskine, To Collect and Protect, Financial Planning, Oct. 1, 2011.

Special thanks to Jim Hillhouse (WealthCounsel) for bringing this article to my attention.