Umbrella Policies Provide Cost-Effective Asset Protection

Over the past 20 years, as the number of Vermonters impacted by estate taxes has diminished, there has been a growing emphasis on protecting what you own, both to preserve a comfortable retirement and to pass something down to the next generation. Methods to protect your assets can be simple or complex. It’s the complex methods that people think of when hearing the term “asset protection,” such as overseas accounts in Switzerland or the Cayman Islands.

But most of us don’t have enough assets to justify this sort of planning, nor do we want to get involved in anything so complex. There are better ways to protect what you own for the typical person of moderate wealth. The starting point for preserving most of your assets should be insurance. For high net worth individuals, additional methods beyond insurance might make sense. But for the majority of people, insurance will be all they need.

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2025 - 11_Umbrella Policies.pdf

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