Asset protection requires careful planning. Threats to your assets can come from a wide variety of potential predators, including future creditors and unnecessary taxes.
Regardless of one’s wealth, asset protection is something that everyone should consider. Our clients have worked hard for their assets, and they want to preserve them for their support and to leave a legacy for their children and grandchildren.
The catastrophic costs of long-term care and nursing home expenses can decimate a lifetime of savings. Therefore, it is important to design a strategy that will enable our clients to design a strategy to use their income and assets in the most effective manner. John Burns has spent much of his career working to preserve assets for his clients, and regularly designs and implements plans for asset preservation that allow our clients to obtain quality care, maintain the financial independence of a well spouse, and leave an inheritance.
Whether it is creditor protection or Medicaid asset protection, thorough planning is essential. The tax consequences of asset transfers have to be considered, and we regularly collaborate with other professionals such as CPA’s, financial planners, advisors, insurance brokers, and benefits specialists to design a well-crafted strategy to preserve your assets.
Working with an experienced attorney who is adept at designing asset protection strategies is vital. The National Association of Estate Planning Councils has designated John Burns as an Accredited Estate Planner. He can assist in the planning necessary to secure your assets.