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Asset Preservation Planning

Asset Preservation Planning : What is it?

Asset preservation planning, is legal planning used to protect your home, investments and other assets from being taken. It also protects these investment and other assets from being used during your lifetime to pay for things that won’t benefit you or your family.  Asset preservation planning has traditionally been used by wealthy people to protect their assets against risks. These risks include business failures, lawsuits and taxes. More recently, it has found another use that is of tremendous importance to typical middle-class older Americans. It protects your property and life savings from the potentially devastating cost of long-term care.

With life expectancies increasing, the chances of needing long-term care later in life growing, the cost of long-term care increasing dramatically, and establishing eligibility for government assistance being made ever more difficult because of stricter laws, now is decidedly the time to put an asset protection plan in place.

Asset Preservation Planning: Related Laws

Under current law, the first $11,700,000 of your estate is exempt from federal estate tax. At that exemption amount, estate taxes are only a concern for the wealthiest ½% of American families. If you’re part of the other 99½%, the risk of losing all or most of your life savings to pay for long-term care is now by far the single biggest threat to your ability to leave a financial legacy to your spouse, children or other loved ones. Establishing an asset protection plan can eliminate that risk. It is the wisest and most important thing you can do to guarantee that you won’t die flat broke or with a much smaller estate than you hoped and planned to leave for your loved ones.

Give us a call today, or contact us, to start your asset preservation plan today

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Veterans Benefits O'Fallon ILFor Immediate Help

If you or a loved one needs immediate help with a planning matter or legal issue, please contact us, and we will get back to you promptly.

774 Sunset Blvd Suite 200
O'Fallon, IL 62269
IL: (618) 632-7000
MO: (314) 567-9292

1901 South Fourth Street,
Suite 211, Effingham, IL 62401
(217) 330-5500

Fax: (618) 632-7333

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Champaign-Urbana by appointment

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Join us for a FREE Workshop

 

Free WorkshopsIf you have reached age 65, there's about a 45% chance that you will eventually need long-term care.

Join us for one of our highly informative and FREE workshops and find out how you can protect your family's hard-earned life savings.

Visit Free Workshops for more information.

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