Risk should be effectively managed - not avoided.
Wellspring assists clients in identifying, assessing and managing risks.
Wellspring assists clients in identifying, assessing and managing risks. We will help in the development, implementation and ongoing review of a risk management plan. While it is difficult to be insulated from every threat to property and wealth, careful planning should mitigate much of the inherent risk. Rather than chase endless protective techniques we will also carefully weigh the opportunity costs versus potential risk and balance this comparison into our analysis. The options available for protection of wealth continue to evolve, adn our constant contact with clients help keep this process in mind and under consideration. We believe in a merit-based system for selecting agents and products and we work to align our clients with the appropriate choices. We do not sell products and we do not benefit in any way when clients purchase the products we might recommend.
Wellspring’s risk management services include:
Periodic reviews of existing insurance policies in coordinationwitht the clients agents (including life, disability, liability, excess liability, health, long-term care and property/casualty)
Analysis to determine appropriate amounts of coverage as situations change
Health insurance planning, including assistance selecting Medicare coverage and any necessary supplemental coverage
Implementation of measures to safeguard assets and personal information from outside parties, as well as to identity theft prevention
Assisting clients' legal counsel with education and implementation of prenuptial agreements and use of trusts for protection of childrens’ assets
Review of and implementation of measures to insulate assets from creditors’ claims