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These steps can help preserve assets for heirs without breaking your bank.
Many firms in the industry were state-owned or heavily protected by governments keen to preserve assets deemed vital to national interests.
Through careful selection of strategies tailored to our clients' individualized goals and objectives, we help individuals protect family, preserve assets and save taxes.
"Is the goal to continue to make money in a risky environment or is the goal to preserve assets on which you collect fees?" Mr. Petzel added.
Mr. Remnick, who was among those who bunked with a friend in Washington, declined comment, beyond suggesting it was just common sense to preserve assets for other articles.
Mary L. Schapiro, the commission's chairwoman, said last week that the commission "sought 82 asset freezes to preserve assets for the benefit of investors" in fiscal year 2009, "an increase of 78 percent compared to 46" in the previous year.
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When the agency intervened last month, it said it was "preserving assets that might otherwise flow from the bankrupt company to other creditors".
Alex Kim, a Duke junior from New Zealand majoring in economics, told me that he and his teammates — Yuefeng Du and Yuci Zhang — faced the same quandary as most investors: how to generate income while minimizing risk and preserving assets for retirement.
But those fears can prevent people from taking advantage of the financial protection offered by bankruptcy, which may allow you to erase most of your consumer debt while preserving assets like your retirement accounts and sometimes even your home and car.
Family offices, which are often set up after the wealth-creating business is sold, are oriented toward preserving assets.
Americans have a particularly low knowledge about preserving assets and sustaining income in retirement, according to the American College of Financial Services.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com