ASSET PROTECTION STRATEGY
What Is It?
An asset protection strategy is a way to legally use the rules of trusts, insurance, taxes, Medicaid and personal finance to one's benefit. The goal is normally to minimize taxes and maximize the assets that are transferred to the beneficiaries of the estate. It would likely be part of a Life Plan.
Do We Need It?
Maybe. Talk to an elder law attorney for more recommendations based on your personal situation.
How To Get It?
This sort of strategy can be complicated and it is best to talk to an expert. Set up a meeting with an elder law attorney.