Asset Protection Tips For The Holidays

On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | December 27, 2021 | Asset Protection

Unfortunately, over the many years of advising clients at Frye & Vazquez, we’ve seen the personal as well as the financial toll that comes from not having asset protection planning in place regarding vehicle ownership, especially around the holiday season. While there is much we cannot control in life, here are some things we can, and which are crucial holiday planning items.

Don’t drink and drive.
Limit the alcohol consumption of your guests at holiday gatherings.
Monitor children’s parties.
Don’t own the car that your child is driving.
Own the auto that you’re driving, and your spouse should own the vehicle that s/he is driving – to avoid joint liability in the case of an accident.

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