Asset protection is financial planning designed to legally protect your assets from private creditors, government entities and even family members.
- 1. Creation of Irrevocable Trusts to protect assets from creditors,
- 2. Creation of Medicaid Trusts and Qualified Investment Trusts to protect assets from Medicaid Penalties and to qualify for Medicaid,
- 3. Creation of Entities to limit personal exposure to foreseen or unforeseen events,
- 4. Transfer of Real Estate and other Assets to trusts, entities and other individuals, and
- 5. Creation of Prenuptial Agreements to protect an individual’s assets prior to marriage.