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ASSET PROTECTION - For you, for your heirs |
Do Any of the Following Describe You? |
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You Are A Doctor Or Other Professional With Possible – If Not Probable – Professional Liability
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You Are Concerned About The Devastating Effect A Judgment In A Lawsuit Could Have On Your Assets
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You Are Concerned What Liabilities Your Insurance Coverages Would Not Provide For
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You Are A Business Owner Who Could Be Sued – Even Hypothetically As The Owner – Even Though You Are Incorporated And Carry Insurance
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You Are A High Net Worth Family That Could Be Perceived As A “Deep Pocket” In A Lawsuit
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You Own Business or Vacation Real Estate Where You Have Guests and/or Renters
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You Wonder About Long Term Care Planning And Qualifying For Medicaid
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You Wonder About The High Cost Of Nursing Home And Other Long Term Care
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You Would Prefer To Leave Some Legacy To Your Children Or Grandchildren, Rather Than See It All Spent On Your Care
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You Are Concerned About A Child With A Health Issue – Will He Qualify For Public Benefits If He Has An Inheritance?
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You Have A Child With A Disability Whose Inheritance Should Be Sheltered For Him Or Her – To Supplement Government Benefits But Not Displace Them
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You Are Concerned That Your Child Could Lose His Or Her Inheritance To Divorce, Debt, Disability Or Dissipation (Borchers’ “4Ds”)
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The objective of Asset Protection Planning is to supplement the Lifetime and Family Protection Planning that we offer with a shelter for your assets – protection from the many variables that can affect your financial security or rob your children of theirs.
- Physicians and other professionals who are otherwise well-insured and careful practitioners find the idea of sheltering assets reassuring. Family LLCs and Domestic Asset Protection Trusts (formed in the state of Delaware and elsewhere) and Business and Professional Powers of Attorney can help.
- Seniors who are looking at possible nursing home care like the idea of preserving some of their wealth, or their home, as a legacy for their families. Irrevocable Trust planning can help.
- Preparing for your inheritance or sheltering your children’s inheritance against hypothetical Debt collection, Divorce, Disability, or the Dissipation of assets (the “4Ds”), is appealing across the board to our clients. Heritage and Inheritance Trusts can help.
- People with disabilities, or with children who have disabilities, should be sensitive to sheltering assets that would otherwise prevent obtaining or keeping public benefits. Special or Supplemental Needs Trusts can help.
- Investment real estate holdings should be owned inside of a Limited Liability Company or Companies.
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to download and complete the PlanStart data form.