Asset planning

Read time: 4 minutes

It is reasonable and ethical for architects to ensure that their practice is covered by a level of professional indemnity insurance which is appropriate for the value of the projects their firm undertakes. Architects should also consider protecting their personal assets, including their family homes, from claims by undertaking some reasonable asset planning. Expert advice will need to be sought to both setup & maintain the operation of a discretionary trust & one’s asset management strategy.

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