Phase II

Protection First Philosophy Planning

Experience has shown us that as a family moves from Phase I to Phase II, their confidence in their planning decisions become evidently greater since they now know the foundation of their multi-generational plan is now structurally sound. In Phase II, families typically recognize that regardless of the amount of financial assets they have amassed, none of it matters if a good portion of what they own is at risk.

Many families in this phase start to see a dramatic increase in their confidence due to the fact that their financial assets are properly protected in the event of lawsuit, disability, premature death, death or disability of a business partner, creditors, taxes, etc.  In this phase, families truly benefit from the products they own because they now have a better understanding of how each of these products work and the advantages and disadvantages of each of them.


Disclaimer: The foregoing information is not intended to be tax, legal, investment or property and casualty advice and is provided for general educational purposes only. Neither Wealth and Legacy Group, nor its subsidiaries, agents or employees provide tax, legal, investment or property and casualty advice. You should consult with your tax, legal, investment or property and casualty advisor regarding your individual situation.