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All too often we are asked at the eleventh hour to assist with implementing measures to protect personal assets. For example, a husband being pursued for a debt wishing to transfer the family home into his wife's sole name or a director of a private company in financial difficulty seeking to have the company give the director a debenture charge over the company's assets to secure money owed by the company to the director. In these examples, it is almost always too late.
Everyone involved in business faces financial risk. However, with careful planning from the outset, particularly at the time assets are purchased or businesses started, structures can be put in place and measures taken which can quite legitimately and legally provide a significant improvement to protecting personal assets.
For more information, contact John Saunders.
