The Estate & Asset Protection Law Firm Owner, Shannon Pawley, Writes About The Value Of A Much Underused Instrument In Estate And Asset Protection Plans.
Estate & Asset Protection Law Firm Owner, Shannon Pawley, focusses on the value of having an umbrella insurance policy for anyone with a net worth of $500,000..
DECATUR, GA, April 26, 2022: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “Umbrella Policies In Estate And Asset Protection Plans” in which Ms. Pawley points out their value despite the fact that they are underused.
According to Pawley, “Anyone with a net worth of $500,000 or more really should have an Estate and Asset protection plan which includes umbrella insurance.” She continues, “Umbrella insurance is one component of an asset protection plan that is often not considered. In my opinion, umbrella insurance is grossly underused even by the most affluent. I recommend this type of policy when I work with clients to create their asset protection and estate plans.” She explains, “Typically, auto and homeowner insurance policies do not provide broad enough coverage against certain types of risks and umbrella policies are very inexpensive.”
As Pawley notes, “Most insurance policies top out at around $500,000 of liability coverage. That may not be enough if you find yourself involved in a lawsuit due to a serious accident. For example, people who get hurt on your property may seek much more than $500,000 in damages.” She emphasizes, “That’s where an umbrella policy can make a big difference. An umbrella policy kicks in when your other liability policies hit their limit. Another example is an automobile accident. What if you are being sued for $1 million but your car insurance only covers $300,000? Without an umbrella policy,” Pawley states, “you would have to use personal assets to make up the difference.”
The entire blog can be read at LINK HERE
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Shannon M. Pawley, J.D., LL.M
As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.
Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.