» Asset Protection

Using Legacy Trusts for Prenuptial Planning

February 15th, 2019
About half of marriages end in divorce, and second marriages are more likely to end in divorce than first marriages. What this means is that approximately half of all families are confronted with a situation in which assets need to be divided between… Read More

Ohio is One of Top States for Asset Protection

November 30th, 2017
Once again, Ohio has been ranked as one of the top states for asset protection. Ohio is one of seventeen states that permit Domestic Asset Protection Trusts (DAPT). Nevada attorney Steve Oshins does an annual ranking of the states that have the most… Read More

Third-Party Discretionary Trusts

August 23rd, 2017
There are many types of trusts, and they can be used to serve a variety of purposes: avoiding probate, minimizing taxes, protecting assets from creditors, providing for loved ones, and more. Your goal in creating a trust, and your circumstances, dict… Read More

Family Farms Need Asset Protection

March 13th, 2017
Family-owned farms are more than just a business. They are a source of pride and connection as well as income. Unfortunately, in recent years it has been harder and harder for family farms to keep afloat. Many family farmers are so busy with the day-… Read More

Life Insurance: One of the Few Remaining Tax-Free Benefits

February 27th, 2017
Life insurance allows you to make available to your heirs a significant amount of money upon your death. When life insurance benefits are paid to your designated beneficiary, they pass free of income tax. However, unless you take the proper estate an… Read More

The Benefits of Medicaid Asset Protection Trusts

December 15th, 2016
Ideally, we’d all have the foresight and resources to plan ahead for the possibility of nursing home care in the future. The reality, of course, is that many of us don’t have long-term care insurance, and very few people have the ability… Read More

The Child Caretaker Exception: A Little Known Rule to Protect Your House from Medicaid

October 18th, 2016
If you have looked into nursing home care for a loved one, you know that the cost of care in a facility is so costly that few people can afford to pay for it out of pocket for very long. As a result, many people must “spend down” assets i… Read More

How to Choose the Right Lawyer to Prepare Your Ohio Legacy Trust

June 28th, 2016
UPDATED: As a high net worth individual who’s enthusiastic about preparing an Ohio Legacy Trust to shield your assets from creditors and predators, you want to choose an effective attorney to help you. This short essay can help you figure out your… Read More

Creating a Medicaid Asset Protection Trust

May 2nd, 2016
You’ve worked diligently over decades to save, plan for the future and protect yourself against various financial contingencies. Unfortunately, if you lack long-term care insurance, and you fail to establish an effective estate planning strategy, t… Read More

How to Protect Assets from the Nursing Home

February 16th, 2016
Thousands of Americans need nursing home care every year. Many need this focused care because they are struggling with end of life illnesses or conditions that require constant skilled supervision. Nursing home care can be vital to preserving quality… Read More
1 2 3 … 5 Last »