Asset protection is a legal strategy that allows an individual to maintain her assets while also being eligible for long-term care. Today, conservative estimates indicate that nursing home costs can be as much as $250 per day. In order to qualify for Medicaid assistance, people are often forced to first liquidate their assets and use those funds, losing a lifetime of accrued assets in just a few months. The Law Office of Heather L. Smith can help you create a plan that will allow you to receive the care you need without losing everything you have.
Law Office of Heather L. Smith, P.A. Asset Protection Planning Process and Pricing
1. Initial Meeting
2. Information Gathering – Firm works with client(s) to gather asset & income information
3. Preparation of Asset Protection Analysis – Attorney uses information to prepare an ‘Asset Protection Analysis’ which details all of the options to protect assets
4. Strategy Meeting – Attorney meets with client(s) to go over the Asset Protection Analysis and choose a strategy
5. Document Signing
6. Implementation – Funding of any trusts or annuities; gifts completed