The Virtues of Effective Fiscal Planning by Matt C. Mullhofer
Online, November 9, 2009 (Newswire.com) - You must begin by facing an essential reality. As you accrue wealth, your wealth may be threatened with little warning at any time. Matt C. Mullhofer reports that accepting this reality makes effective asset protection much easier.
Do not try to skirt the system. The best way to plan your financial security is to operate legally. Matt C. Mullhofer's specialty, asset protection, is a legal tool allowing you to protect your wealth. But you must use competent professionals familiar with the system. Some entrepreneurs try to hide their wealth. Matt C. Mullhofer knows that this is never as effective, long-term, as protecting your wealth through appropriate legal channels.
Once you have faced reality and carefully chosen legal aid, it is time to commit to your endeavor. If you consult Matt C. Mullhofer, he will inform you that you must involve your family members and other individuals in a life-long commitment. Your attorney and your accountant are also part of your estate planning and investment strategizing team.
Matt C. Mullhofer helps his clients prioritize. Prioritizing your life-long financial objectives is a critical step in making a plan that includes all of your fiscal goals. You must protect all of your assets, not just the major ones, and knowing where to start and where to focus your energies goes a long way.
Once your priorities are laid out and your financial plan begins to take shape, Matt C. Mullhofer cautions you to use skilled professionals. The job of financial planning is too big to be done effectively on your own. Do your homework, states Matt C. Mullhofer. You are going to need a tax advisor, a financial planner, an accountant (who may satisfy some of the previous requirements), and most importantly, an attorney who specializes in the field.
Do not draw any undue attention to your assets. Keep a low profile and think ahead. Once your financial team is assembled, it is time to act. Matt C. Mullhofer makes sure his clients protect their assets long before any threat arises.
"Once you become embroiled in legal and personal battles it will be too late," says Matt C. Mullhofer. "Once a judgment has been passed on you it's too late to transfer or protect your assets in any way. The time to do this is beforehand."
If you would like to read the full text of Matt C. Mullhofer's Eight Tips to Financial Planning, visit his website at www.protectmyassets.com.
Matt C. Mullhofer is admitted to practice before the Supreme Court of California, the United States District Court, and the United States Tax Court. He received his Juris Doctorate Degree from Western State University College of Law, with an emphasis in Taxation. In addition, Matt C. Mullhofer has been the treasurer of the Long Beach Barristers, and is the current Ethics Chairman of Le Tip International, Chapter of Orange.
Contact:
The Law Offices of Matt C. Mullhofer
2107 N. Broadway
Santa Ana, CA 92706
714-827-9955
www.matthewmullhofer.com