Asset Protection Services in Winter Haven FL
With asset protection planning arranged by your attorneys, you will be defended against potential lawsuits, creditors and bankruptcy. Through careful planning, potential cases of fraudulent asset transfers can be avoided. Asset protection can also provide measures that can be used for long-term care, creating reassurance in the face of expensive treatment that may come at an otherwise unexpected time.
How Does Asset Protection Help My Family?
With strong ties to estate planning, asset protection involves resources that you entrust to loved ones. Our planning can help you protect any type of transfer to your family to ensure that your wishes are met to the full extent. Examples of how asset protection helps your family include:
- Protecting the transfer of assets to children, grandchildren, and other minors
- Planning for a loved one with special needs
- Avoidance of excessive tax policies
- Establishing a retirement plan by preserving assets
- Protecting against any exploitation of your resources
- Planning for when one is unable to manage his/her finances
Is Asset Protection Useful For Securing Medicaid?
Long-term care in nursing homes around White Haven can cost $6,900 per month on average, which is a large amount for anyone to consider. While many can access benefits from programs like Medicaid, there are also many regulations that may prevent someone from receiving benefits depending on how your assets add up. However, experienced asset protection attorneys will determine your current level of assets and find ways to shelter them into categories that can bring you to secure Medicaid and help pay for nursing home fees. Elder law attorneys can help you explore the wisest options for your family as you consider the cost of long-term care.
Speak With An Experienced Attorney
Asset protection is a highly technical area of law that involves a number of regulations that frequently change. Many people are unaware of the potential savings that can result from asset protection planning. At Family Elder Law, our attorneys will take the time to explain the process to you and thoroughly explore opportunities to protect your assets and income. Through proper asset protection planning, our goal is to alleviate any stress caused by the fear of losing the assets you worked so hard to earn.
Please contact us today to start creating your personalized Family Asset Protection Report with Family Elder Law in Winter Haven!