|Law Office of T. Phillip Boggess||
People work hard during their lives to accumulate wealth and property. There is no need to expose it to lawsuits and others who are trying to take your hard earned money.
Everyone can be at risk; however, certain types of people have a larger target on them for lawsuits. Typically business owner, professionals (such as a doctor, attorney, dentist, architect, or accountant) and property owners are more at risk not only due to the risks associated with their professional or businesses, but also due to the fact they appear to have assets to pursue by the plaintiffs.
Asset protection is about setting up proper safeguards to not expose your wealth. Strategies using estate plans, trusts, business entities, insurance and investments are designed to meet your individual needs and situation to safeguard your assets.
A second aspect to asset protection deals with the aspects that occur later in life with individuals. Too often, we have seen families torn apart emotionally and financially as a parent or loved one needs more care than can be provided for in home. The cost of this care will financially ruin most families, and until you reach financial ruins, the person will not be eligible for Medicaid without proper planning.
Therefore, the Law Office of T. Phillip Boggess works with their clients to create strategies and plans to prevent the escalating Long Term Care costs from destroying families and placing them in a financially devastating place. The work begins with the pre-planning phase and continues through obtaining eligibility for Medicaid through the passing of the client's remaining assets onto those they chose.
The information you obtain at this site is not, nor is it intended to be legal advice. You should consult an attorney for individual advice regarding your own situation. Submission of this form or contacting us in any other manner does not create an attorney-client relationship. Please do not submit any confidential or time-sensitive information until an attorney-client relationship has been established.