Estate Planning For Asset Protection In Florida
Estate planning and asset protection strategies often go together. When you have worked hard to build up your assets, you want to protect them – for yourself and for those you leave behind.
At Law Offices of Mary W. Kaplan, P.L., we help clients throughout the Orlando area safeguard their assets through careful, effective estate planning. Attorney Mary Kaplan is a former certified financial planner, which makes her uniquely qualified to help people protect what they have.
Why Is Asset Protection In Elder Law So Important?
When you reach the point where you are financially preparing for retirement, you need to consider how to guard against financial drains and safeguard your assets from things like lawsuits and long-term care expenses.
You may also want to consider how you can create a legacy for your future generations, which means looking at things like tax mitigation strategies, business succession planning and the use of trusts to ensure that inheritances will not be wasted.
What Are Some Common Asset Protection Strategies In Estate Planning?
There are many different approaches to asset protection, but some common tools are:
- Revocable living trusts
- Spendthrift trusts
- Medicaid asset protection trusts
- Homestead exemptions
- Annuities and life insurance
- Gift exclusions
- Special needs trusts
- Charitable remainder truss
- Business trusts
Asset protection trusts in Orlando can do many things. Certain trusts can even be used to remove assets from the marital estate so that you will be able to qualify for Medicaid if you need long-term care.
Let An Asset Protection Lawyer In Orlando Help You
At Law Offices of Mary W. Kaplan, P.L., our elder law asset protection attorneys have been guiding clients through estate planning and asset protection for decades. If you want to learn how to protect assets in Florida, we can talk over strategies and help you make informed decisions.