Choosing and Implementing an Asset Protection Strategy
There are many asset protection tools available to not only protect your assets from lawsuits, but also to preserve your assets for your family and beneficiaries by keeping the costs of nursing home expenses from eating away at your hard-earned nest egg.
There are many factors to take into consideration when implementing an asset protection strategy. All laws must be strictly followed to avoid fraudulent transfers, avoid inclusion of assets in the estate making them subject to estate tax, and to avoid the risk of being included as an available resource for nursing home expenses. Before implementing an asset protection strategy, it is highly recommended you seek legal advice.