What are some common threats to my assets?

There are some common threats to your assets that you may have already thought about, and maybe even planned for in your estate plan. Among those are things such as your own divorce, which could result in the loss of assets because of the required division of marital assets. Economic downturn and failed business ventures are also things people typically recognize as possible threats to their assets along with the impact that federal and/or state gift and estate taxes could have on your estate assets. While these threats are fairly well-known, there are other ways in which your assets may be at risk that you have not thought of, but that you need to consider when creating your estate plan.