Asset Preservation Planning Boca Raton
Elder Law Associates PA attorneys will help your family plan for the possibility that a family member may need long term care by recommending an Asset Protection strategy to meet the costs of long term care while preserving your assets. Our attorneys will guide you through a 4-step process of asset preservation planning in Boca Raton.
During your asset preservation planning session in Boca Raton, which may be in person or via phone conference, our attorneys will gather information from you regarding your (and if applicable, your spouse's) health, finances and family objectives. Based on your individual situation, our attorneys will then evaluate certain asset protection tools, including:
- right of spousal refusal;
- disinheriting an ill spouse; and
- commencing a gift-back program.
The primary objective of asset preservation planning in Boca Raton is to protect your hard-earned assets. Of course, our attorneys will also take into consideration the income tax consequences as well as the estate and gift tax consequences of any recommendations. We will then create a strategy from the asset preservation planning in Boca Raton to protect your assets from the costs of long term care. Once we have presented the plan and our recommended strategy, we will help you implement the plan by drafting the appropriate legal documents, completing and submitting a Medicaid application, if appropriate, and working together with you and your other professional advisors.
Contact us today! Our skilled attorneys will guide you through the process of asset preservation planning in Boca Raton.
- Elder Law
- Medicaid Planning &
Long Term Care Planning
- Nursing Home/Assisted Living
Facility Residents' Rights
- Special Needs Planning
- Asset Preservation Planning
- Planning for VA Aid & Attendance Eligibility
- Estate Planning
- Guardianship, Fiduciary &
- Personal Injury Litigation