Asset protection planning and wealth creation are two of the most sought-after financial services today. And for very practical reasons. Regardless of background, everyone seeks financial security. Whether it is to live their life on their terms, provide for people they love, or ensure the continuity of their business, the last thing you want to happen is for all your assets to be taken away from you in a lawsuit. In today’s litigious society, it is possible to face a lawsuit, even if it is through no fault of yours. Imagine all your life’s hard work gone down the drain! Hence, it is vital to protect your financial assets, grow your income and manage your finances in the best ways you can. And one of the best ways to start is by talking to the professionals here at Protect Wealth Academy.
Here’s some tax/financial information regarding Illinois:
- Illinois state income tax rate is 4.95%, the same as the state’s Capital gains tax rates.
- The state estate tax in Illinois can reach up to 16%, but it is only applicable to estates worth more than $4 million.
- There are no taxes on inheritance.
- Availability of both Roth IRA creditor protection and traditional IRA creditor protection.
- The homestead exemption in Illinois is up to $15,000; however, it can increase up to $30,000 if there are multiple owners.
- The safe vehicle exemption amount in Illinois is $2,400.
Asset Protection and Wealth Creation Services
When you have amassed a substantial fortune through hard work or wise investments, you don’t want your hard-earned fortune to be at risk. Asset protection involves using legal strategies to separate corporate or personal assets from creditors’ claims. On the other hand, wealth creation services are about helping you meet your basic needs and achieve your financial goals. With our team of experts, Protect Wealth Academy helps protect your finances, your businesses, your family, etc. The correct information given by the right people can lead you to find a strategy that will protect yourself adequately when “the worst” takes place. The best time to protect yourself is before adverse events, so start now to ensure that your assets can support you and your family through living well.
Learn from America’s Greatest Attorneys & Trainers
We have lined up a team of top advisors, attorneys, and experts who are well-experienced in their respective fields to consult with you. Our team members are accomplished or have received accolades for the following areas:
- Retirement investing (IRAs, 401(k)s, etc.)
- Nationally recognized in asset protection
- Tax planning
- Real estate investing
- Estate planning and lawsuit protection
- Tax strategist
- Market Trading
Why Choose Protect Wealth Academy?
Our professionals at Protect Wealth Academy have extensive experience in their respective sectors. We have the expertise you need to help you achieve your financial security and freedom. Protect Wealth Academy also offers various financial services, including asset planning, asset protection, income tax reduction, etc. So when you choose Protect Wealth Academy, you decide to protect and create your wealth.
Contact us today if you have any questions about our wealth and asset protection training services in Illinois.