Asset Protection Planning

Asset protection tools and techniques can be used to help protect your assets from aggressive litigants (i.e., "Predators").  Unfortunately, we live in a world where unscrupulous people seek out opportunities to file lawsuits.  Although the Chicago estate and asset protection attorney of Sylvester Law Firm is of the opinion that no asset protection planning is guaranteed to be 100% bullet-proof, he can assure you that there are time-tested estate planning tools that prove to be very successful at protecting your assets.  

Medicaid Eligibility Planning is a form of asset protection.  Medicaid is a joint federal-state program that pays for medical and nursing home expenses for people who qualify.  Through Medicaid Eligibility Planning, we seek to get you qualified for Medicaid to pay your nursing home and other medical expenses, and at the same time protect your assets. You have worked hard and saved responsibly.  You want to preserve your assets for yourself and your loved ones.  It is possible to save tens (and even hundreds) of thousands of dollars through proper Medicaid planning.  Call us today at (847) 251 - 2999 to discuss what we can do to help you or your loved one. 

Following are asset protection tools that have been implemented by the Chicago asset protection lawyer of Sylvester Law Firm:

• Domestic Asset Protection Trust
• Offshore Trust
• Family Limited Partnership
• Limited Liability Company
• Series Limited Liability Company
• Corporation
• Pre-marital Agreement / Domestic Partnership Agreement
• Discretionary Spendthrift Trust
• Self-Settled Special Needs Trust
• Third-party Special Needs Trust
• Qualified Terminal Interest Property Trust
• Professional Liability Insurance
• Umbrella Insurance
• Disability Insurance
• Health Insurance
• Long-term Care Insurance
• Life Insurance
• Directors and Officers Insurance
• Maximizing Retirement Account Contributions
• Florida residency
• Medicaid Eligibility Planning

At minimum, we recommend that most families have a personal liability umbrella insurance policy.  Click here to read an excellent article on umbrella insurance that was published in Financial Advisor magazine.

Asset Protection Planning is  complex.  You  should only work with a Chicago asset protection and Mediciad eligibility planning attorney who  has a  dedicated focus  on planning  for the protection of assets.  The Chicago estate planning  lawyer of  Sylvester  Law Firm has such a dedicated focus.  Call us today at  (847) 251 - 2999 to  discuss  how  we  can help you achieve your asset protection goals.