SHIELD YOUR ASSETS FROM NURSING HOME COSTS, CREDITORS, AND TAXES
As an Orlando Asset Protection attorney, Kathleen Flammia understands that you have worked hard to save your money. The Flammia Elder Law Firm will ensure it is skillfully protected. The Flammia Elder Law Firm helps protect the hard-earned assets and investments of individuals throughout the Orlando, Winter Park, Altamonte Springs, and the surrounding areas from probate, nursing home costs, unnecessary estate and income tax consequences, and lawsuits.
At the Flammia Elder Law Firm, we believe that being assured that your long-term needs will be met—that your assets will be protected, and that a strong plan will be in place should the unthinkable occur—is invaluable. Your property and your money are of incredible worth to you and your loved ones. Providing for your future requires skilled legal judgment. It takes a thorough understanding of Estate Planning and the application of very specific language in your legal documents to allow for customized asset protection.
Made changes to my Estate Documents within a few days. I would definitely recommend the Law Office of Kathleen Flammia, P.A.
5 Star Google Review – C.M.
Asset Protection FAQ
Who should be concerned about protecting their assets?
Many people think asset protection is an endeavor only for the wealthy. For high-asset individuals, this is undeniably true. Yet anyone with a house, a car, retirement accounts, or bank accounts should consider protecting their assets from creditors, predators, and the high cost of long-term care. You can even protect the inheritance you leave to your children from their creditors and their spouses in the event of a divorce. Everything you have worked so hard for may be at risk if you do not have a proper plan of action. Learn your worth by valuing your property. Protect what you have.
What exactly is Asset Protection?
Protecting your assets involves planning your estate in the event you become disabled. It also involves planning for the event of your death, making sure that your assets and property go to the heirs you choose. One of the goals of asset protection is to minimize taxes as much as possible. Asset protection includes the careful creation and use of Wills, Trusts, Durable Powers of Attorney, Gifting, and Estate Tax Planning. These essential legal instruments have important functions that protect you and your assets while you are living, and protect you when you pass. These documents can also protect your beneficiaries from unnecessary taxation that can drastically reduce their inheritance.
What will a Florida Asset Protection Attorney do?
By combining an Estate Plan with an Asset Protection Plan, the Flammia Elder Law Firm can help minimize estate taxes and make sure your heirs are taken care of upon your death. We can help you protect your beneficiaries’ inheritance from their creditors, from a spouse who sues them for a divorce, and even from themselves if they have a substance abuse problem or if they are a spendthrift. Most of all, we can help you transfer your assets in a way that gives you the most control over the process and the outcome.
It’s important to consider tax advantages and deductions when working out asset protection planning. It’s not always “the less taxes you pay, the more assets you will preserve.”
How do you protect assets from nursing home costs?
Is a family member in need of in-home care, assisted living, or nursing home care? Do you worry about how to pay the high cost of that care?
Senior citizens and their families should not have to resort to selling valuable property or spending their life savings paying the astronomical costs of long-term care. As an Orange County Florida Bar Board Certified Elder Law attorney, Kathleen Flammia can help you prepare for Florida nursing home care and qualify for important government benefits programs, without going broke in the process. The Flammia Elder Law Firm uses very effective legal strategies to preserve some or all of your family member’s life savings.
Our team will work with you to use every available legal technique under the law so that you can qualify for Medicaid and Veterans Benefits while protecting your nest egg. Attorney Kathleen Flammia and her legal team have significant knowledge of the complex process of Florida Medicaid qualification, Social Security, Veterans Benefits, tax codes, and legal techniques for sheltering assets. They have a great deal of experience in the legal methods that can help safeguard your family’s assets and preserve as much wealth as possible.
How do you protect assets from creditors?
Asset protection is a legal way to keep your property safe from being taken to settle a lawsuit or creditor judgment. If you have a bank account and own a home, rental property, or investments, it may be wise to take measures to protect your assets from creditors and predatory lawsuits. Creditors can surface when you least expect them, from someone who was injured in a car accident, to injured tenants or divorcing spouses.