Effective Asset Protection Strategies
Asset protection planning is an important undertaking for seniors facing the prospect of long-term care and their family members. At Friedman Elder Law Department, LLC, we provide experienced asset protection guidance to people in Coral Springs and throughout South Florida.
Know Your Options
We can help you explore all the asset protection options available to you, including:
- Long-term care planning: Without solid plans in place, a lifetime of savings can evaporate in a very short time, thanks to the enormous cost of nursing home care. With Medicaid planning and other asset protection measures, you can shield yourself from many of these losses.
- Trusts: By establishing trusts, you can protect assets and set them aside for special purposes. Different trusts perform different functions, such as setting aside assets for heirs and providing financial support to a person with special needs. In some cases, a trust can help assets pass directly to beneficiaries without having to pass through probate.
- Last will and testament: A will allows you to protect assets by designating who will receive them upon your death. Without a will, your estate will be distributed according to Florida law. With a well-drafted will in place, you get to decide.
Attorney Heidi Friedman will work with you closely to craft a legal plan that protects your assets to the greatest possible extent.
Get The Experienced Asset Protection Advice You Need
To discuss asset protection strategies with an experienced elder law attorney with an office location in Coral Springs, contact our law firm online or by telephone at 954-546-7605. We are well-equipped to support clients throughout South Florida and provide initial consultations.