Dangerous Asset

Dangerous Asset

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Dangerous Asset

Dangerous Asset definition:  A dangerous asset carries more risk of injury or damage (examples include, commercial real estate, motor vehicles, and construction equipment).  Dangerous assets should not be commingled with safe assets to protect family wealth in the case of a lawsuit.  When placed in a separate trust or legal entity, a lawsuit cannot go after the safe assets as well.

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