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135. Protecting Your Assets
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss asset protection strategies concerning personal and business finances. We stress the importance of segregating personal and business assets to shield against risks like creditors or business failures. Utilizing trusts, companies, superannuation for asset protection, and advising seeking professional guidance from financial advisors, lawyers, and accountants for legal compliance and tax planning. Lastly, we emphasize early planning and professional advice, noting the need for a comprehensive approach considering taxation, wealth goals, risk management, and legal compliance.
Learn essential strategies from financial professionals to protect against risks and maximize your wealth potential. Don't miss out – listen now for invaluable advice on securing your financial future!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
Importance of protecting accumulated assets
Separating business assets from personal assets for protection
Trusts and entity structures
Company structures for business
Utilizing superannuation contributions
Business protection measures
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