Asset Protection Planning in Missouri
Asset Protection Planning Services
Asset Protection Planning at Fennell Elder Law and Estate Planning: Securing Your Future
Protecting your assets and ensuring the financial security of your family is an integral part of comprehensive estate planning. At Fennell Elder Law and Estate Planning, our focus is to help individuals and families in Missouri, build and implement sound strategies for safeguarding their assets against future creditors, lawsuits, or other potential threats. Asset protection planning is also a strategy used for the prevention of diminishing assets for when a family member requires long term care.
Understanding Asset Protection Planning
Asset Protection Planning is the process of arranging one’s financial affairs to prevent or significantly reduce risk by protecting assets from creditors’ claims, or to protect assets from being diminished by long-term care costs. Asset protection does not involve concealment, fraud, tax evasion, or contempt; it uses legal methods available to everyone.
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Other Practices
Asset Protection Planning
Our Approach to Asset Protection Planning
At Fennell Elder Law and Estate Planning, we believe in a proactive and tailored approach to asset protection planning.
Preemptive Planning
The best time for asset protection planning is before a claim or liability arises, as reactive transfers can often be ruled as fraudulent conveyances. We assist our clients in preemptively protecting their assets.
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Personalized Strategies
Every individual and family has unique needs and circumstances. We take the time to understand your specific goals and concerns and develop a customized asset protection plan accordingly.
Our Asset Protection Planning Services
We offer a wide range of services to secure your assets and future:
1. Personalized Asset Protection Strategy
We develop a unique strategy tailored to your needs, considering all aspects such as your profession, wealth level, risk factors, and family structure.
2. Legal Entity Formation
Establishing legal entities like trusts, corporations, or limited liability companies (LLCs) can be an effective tool for asset protection. We guide you in choosing the most suitable structure and assist with the formation process.
3. Trust Planning
From revocable living trusts to irrevocable trusts, we assist in establishing various types of trusts as part of a comprehensive asset protection plan.
4. LLCs
We help establish Limited Liability Companies (LLCs), which can be effective vehicles for consolidating and protecting family wealth.
Your Asset Protection Partner in St. Louis, Missouri
At Fennell Elder Law and Estate Planning, we understand that protecting your hard-earned assets is a top priority. Our dedicated team is committed to providing you with the legal guidance, strategies, and resources you need to ensure your wealth and legacy are safeguarded.
Asset protection is not something you should tackle alone. In an increasingly litigious society, your assets could be at risk if not properly protected. With Fennell Elder Law and Estate Planning, you have a dedicated partner to help you navigate the complex landscape of asset protection planning
Reach out to us today to discuss your asset protection needs. We’re ready to help you build a robust shield for your assets, ensuring your peace of mind and the security of your legacy.
Contact Us
Other practices
Asset Protection Planning
Our Approach to Asset Protection Planning
At Fennell Elder Law and Estate Planning, we believe in a proactive and tailored approach to asset protection planning.
Preemptive Planning
The best time for asset protection planning is before long-term care is needed. We assist our clients in preemptively protecting their assets. However, most individuals do not think about needing to plan for needing care until the time comes, and then planning becomes necessary at a time of crisis. Fortunately, there are many strategies that can be implemented even after a loved-one is in need of long-term care.
The five-year look back period for Medicaid benefits is a frequently discussed topic in regard to asset protection planning. It is often that individuals do not plan within that five-year period of needing to apply for Medicaid benefits. Do not let that be a deterrent to discussing asset protection strategies – there are several methods that can be used to protect and preserve assets, and still obtain Medicaid benefits in less than five years
Personalized Strategies
Every individual and family has unique needs and circumstances. We take the time to understand your specific goals and concerns and develop a customized asset protection plan accordingly.
Our Asset Protection Planning Services
We offer a wide range of services to secure your assets and future:
1. Personalized Asset Protection Strategy
We develop a unique strategy tailored to your needs, considering all aspects such as your profession, wealth level, risk factors, and family structure.
2. Legal Entity Formation
Establishing legal entities like trusts, corporations, or limited liability companies (LLCs) can be an effective tool for asset protection. We guide you in choosing the most suitable structure and assist with the formation process.
3. Trust Planning
From revocable living trusts to irrevocable trusts, we assist in establishing various types of trusts as part of a comprehensive asset protection plan.
4. LLCs
We help establish Limited Liability Companies (LLCs), which can be effective vehicles for consolidating and protecting family wealth.
Your Asset Protection Partner
At Fennell Elder Law and Estate Planning, we understand that protecting your hard-earned assets is a top priority. Our dedicated team is committed to providing you with the legal guidance, strategies, and resources you need to ensure your wealth and legacy are safeguarded.
Asset protection is not something you should tackle alone. In an increasingly litigious society, your assets could be at risk if not properly protected. With Fennell Elder Law and Estate Planning, you have a dedicated partner to help you navigate the complex landscape of asset protection planning.
Reach out to us today to discuss your asset protection needs. We’re ready to help you build a robust shield for your assets, ensuring your peace of mind and the security of your legacy.
Other legal practice areas
At Fennell Elder Law and Estate Planning, we offer a range of additional legal services to address various legal needs. Our experienced attorneys are well-versed in these areas and can provide you with the knowledgeable guidance and representation you require.
Medicaid Planning
Medicaid Planning at Fennell Elder Law and Estate Planning: Guiding Missouri Through the Medicaid Maze.
Veterans Benefits Planning
Veterans Benefits Planning at Fennell Elder Law and Estate Planning: Ensuring Missouri’s Veterans Get the Support They Deserve
Supplemental Needs Planning
Supplemental Needs Planning at Fennell Elder Law and Estate Planning: Safeguarding Your Loved Ones in Missouri