Asset Protection Services in Sebring FL                       

Asset Protection in Sebring FLIt takes decades of strict management to accumulate your assets for retirement and beyond. However, large sums of resources may be susceptible to creditors and lawsuits from the mishandling of finances. Asset protection specifically targets caring for the elderly, covering long-term living expenses and ongoing medical treatments by securing your existing assets. 

How Can Asset Protection Help My Family?

Asset protection is deeply connected to estate planning, which covers your family through:

  • Protecting the assets for children, grandchildren and other minors
  • Planning for a loved one with special needs
  • Establishing a plan to preserve one’s assets for retirement 
  • Planning for when one is unable to manage his/her finances
  • Protecting against those who might abuse one’s trust
  • Avoiding negative tax consequences

How Does Asset Protection Relate With Medicaid? 

With long-term care in nursing homes around Sebring costing an average of $7,000 to $8,000 per month, careful financing is critical. Programs like Medicaid commonly provide support for many people, however, there are complex laws in place that limit eligibility to responsibly assign aid to those in need. When you have help from experienced asset protection attorneys, you will find ways to shelter your assets and bring your finances to levels that provide the aid you deserve. Lastly, provisions are available for every type of living situation. For example, financial support is different for spouses living in nursing homes together or for a spouse not residing in a nursing home.

Speak With An Experienced Attorney

Asset protection is a highly technical area of law that enables you to live with peace. Improperly shifting assets and changing property ownership may result in costly legal consequences. However, with an experienced attorney from Family Elder Law, you will learn about every opportunity and resource available to protect your assets and income. Through our services, we can eliminate the fear of losing all that you have worked so hard to accumulate.  

Please contact us today to start creating your personalized Family Asset Protection Report with Family Elder Law in Sebring FL!