Asset Protection Lawyer Serving Louisville, KY and New Albany & Jeffersonville, IN
Preserve your assets and property from litigious people and greedy businesses
In tough economic times, some people look for any opportunity to file legal claims against others in hopes of obtaining easy money through a cash settlement. Individuals are not the only ones affected by financial hardship — some businesses including nursing homes and assisted living facilities look for any way to seize assets of tenants and their families.
You can isolate some of your assets from taxes, creditors and lawsuits by using appropriate estate planning tools. Irrevocable trusts, for instance, are designed to safeguard your assets from potential creditors. An experienced Louisville asset protection lawyer like Bruce A. Brightwell helps clients determine the best way to preserve most of their wealth.
Asset protection can work for everyone
Although it is advisable for almost everyone to take steps to protect their assets, some people are at higher risk of lawsuits and judgments. These people include:
- Professionals (doctors, lawyers, accountants)
- Business and property owners
- Very wealthy people facing imminent legal, financial or medical problems
- People with high-risk jobs
Although insurance may cover some losses, proper asset protection planning can ensure that all of your personal and business assets are protected in the event of a large unforeseen lawsuit and judgment.
Avoid nursing home poverty
With advances in health care, people are living longer than ever before. But unfortunately, increased longevity means many seniors eventually require long-term or nursing home care. In fact, studies have shown that fully 75 percent of the individuals alive today who are 65 years of age or older will spend some part of their lives needing physical and/or custodial care. Such care is very expensive and can average up to $10,000 per month. As a result, two out of three families completely deplete their life savings and assets within the first year of a prolonged nursing home stay.
Don’t let this happen to you or someone you love!
If you are…
- Contemplating financial assistance but afraid of potentially losing what you worked so hard to gain
- Constantly struggling and feeling overwhelmed, frustrated and confused by the costs of care and benefits available
- Living in a nursing home or have a loved one in a nursing home
- Considering Medicaid to cover the growing cost of caring for an aging of disabled loved one
…asset protection counsel with our law firm may be the right choice.
Contact an experienced asset protection and estate planning attorney in Louisville, KY & New Albany, IN
Reach out to Bruce A. Brightwell to help navigate the Medicaid maze for you. Let us implement the legal strategies that can protect your family’s financial security and prevent the potential loss of hard-earned assets, including your life savings. Call 812-542-0007 or contact Brightwell Elder and Probate Law online to find out how to protect what you have worked for your entire life.