Crest Accountants Services

Asset Protection

Asset Protection Services

You’ve worked hard for your assets, but are they adequately protected?

Just like you insure your car, your home and your health, it’s important to protect your assets from unforeseen circumstances too. How? With the right strategy. With so many different strategies and options, asset protection can be complicated, but with the right professional to assist you, it doesn’t have to be.

Protect what you’ve worked so hard for

You’ve spent your life working hard to grow your wealth and assets, to give you and your family the life you deserve. What if that was all suddenly taken away? Don’t let that happen. Protect what you’ve worked so hard for with the right asset protection strategy.

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How Crest Accountants can help

The best way to protect your assets? With asset protection advice from specialists, you can trust. With over 45 years’ experience in providing advice on asset protection, you can trust Crest Accountants. We take the complication out of asset protection and help put the right asset protection strategy in place, for you.

These services include:

News about Asset Protection

Frequently Asked Questions About Asset Protection

No. Insurance is an important safety net but it has limits and won’t protect you from all creditor claims, business disputes, or personal liability arising from your commercial activities. A comprehensive asset protection strategy uses legal structures to create separation between your personal wealth and your business or investment risks so that not everything is on the line if something goes wrong.

The most effective way is to ensure there is a legal separation between you personally and your business activities. Running a business through a company or trust structure can help shield your personal assets from business debts and liabilities. Sole traders have no such separation, meaning their personal assets are fully exposed. The right structure depends on your circumstances, which is why tailored advice matters.

Potentially yes, if your assets are held in your personal name and you have personal liability for business debts or guarantees. Many Australian business owners are unaware of how exposed their family home can be until it is too late. Putting protective structures in place early, while you are solvent and no claim is on the horizon, is the most effective way to reduce this risk.

Both offer protection but in different ways. A company provides a separate legal entity that limits personal liability for business debts, though directors can still be personally exposed in certain circumstances. A family discretionary trust generally offers stronger protection because trust assets are not legally owned by individual beneficiaries, making them harder for creditors to access. Many people use a combination of both.

The right time is before you need it. Asset protection put in place after a claim arises can be unwound under the Bankruptcy Act for up to five years. You should also review your structure after major life or business changes such as taking on a business partner, signing personal guarantees, or when your business grows significantly in scale or complexity.

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