Asset Protection Planning is proactive planning to insulate assets against risks, to minimize risk of loss and to deter lawsuits
1. Long-Term Care Insurance
2. Proactive Veterans Benefits Planning
3. Proactive Medicaid Planning
Asset protection is a type of planning intended to protect one’s assets from creditor claims. Individuals and business entities use asset protection techniques to limit creditors’ access to certain valuable assets, while operating within the bounds of debtor-creditor law.
A complete investigation should be undertaken to ensure that an Asset Protection Trust is necessary for an individual or a business. A complete analysis of ones current assets and life expectations should be undertaken to accomplish the correct planning.
Aging in Maine – a practice of Kevin W. Weatherbee Law Offices, PLLC.
Proudly offering Elder Law & Estate Planning services in the greater Bangor and Hermon Maine areas.