Wealth Preservation & Asset Protection

Wealth Preservation and Asset Protection Check-Up Report

As a business owner, entrepreneur, professional or high net worth individual, you work hard to succeed in your business, investment or professional pursuits and to build wealth to achieve a secure future for you and your family.

• Are your assets at risk?
• Have your personal, business and financial affairs been structured to maximize your ability to preserve wealth and protect assets?
• Are you aware of the sources of risk for your personal finances and your business and professional assets? Have you taken steps to manage those risks?

The MLT Aikins Wealth Preservation and Asset Protection group can help you answer these questions.

Our Wealth Preservation and Asset Protection Check-Up Report can provide the legal advice necessary to identify sources of potential risk in the current structure of your business and financial affairs and can suggest strategies to manage risk, protect assets and preserve wealth.

Drawing on the experience of MLT Aikins lawyers practising in the wills and estates, insolvency, debtor-creditor, tax and litigation areas, the Wealth Preservation and Asset Protection team provides our clients with a multi-disciplinary approach to identify and manage potential sources of risk across their business, professional, personal, financial and family circumstances.

Frequently Asked Questions

Q. How does the Wealth Preservation and Asset Protection Check-Up Report work?

A. You meet with an MLT Aikins partner for one hour to complete our 119-question questionnaire designed to diagnose sources of risk within the current structure of your personal finances and your business and professional assets. Within 14 days of your meeting, you receive a detailed “Wealth Preservation and Asset Protection Check-Up Report,” identifying areas of potential risk arising from your situation.

Q. What types of lawyers will be involved in the process?

A. This practice area comprises lawyers practising in the wills and estates, insolvency law, tax law and litigation practice areas. Based on the information provided in your initial questionnaire, we draw upon focused knowledge in each of these areas to address those issues most relevant to your situation.

Q. I already have a lawyer who looks after my business, professional or family needs. Why would I want to go through this process?

A. Wealth preservation and asset protection matters often involve a mix of complex issues requiring focused knowledge in a number of different areas of the law. While a general practitioner can help you set up and maintain your business, many business owners, professionals and high net worth individuals find that an independent review of their personal and business finances by a lawyer with more focused knowledge can be very helpful in identifying and managing sources of risk of which they are often unaware. Our Wealth Preservation and Asset Protection team members can identify areas of potential risk in your situation and can partner with your accountant to ensure that your interests are protected.

Q. How much will this process cost me?

A. At your initial one-hour meeting, a partner from the MLT Aikins Wealth Preservation and Asset Protection practice area will guide you through the questionnaire. Within 48 hours of that initial meeting, you will receive a written estimate of the cost required to prepare your “Check-Up Report.”

Upon receiving that written cost estimate, you can choose to proceed, authorizing MLT Aikins to prepare your report in accordance with that written cost estimate.

Alternatively, you can elect not to proceed. In that situation, your only cost will be for the initial one-hour meeting at that partner’s regular hourly rate.

If you proceed to authorize MLT Aikins to prepare your “Check-Up Report,” upon receiving your report, you may ultimately decide that you want MLT Aikins to provide additional services to address specific concerns arising from your report. In that event, we will provide you with an estimate of the additional costs required for us to do so.