Effective Estate Planning does not just take into consideration your eventual passing, it can also create plans that help to deal with unexpected emergencies that could arise in the future. Being prepared for life’s curveballs can help you avoid financial strain.
Having a comprehensive Asset Protection plan is something that every person should have. This can include something as simple as acquiring a satisfactory insurance policy, creating a Will, or protecting assets through Trusts. Having these plans can provide protection and also peace of mind.
A Marietta Asset Protection lawyer can help identify your needs, locate potential areas of vulnerability, suggest protection plans, and work to make those plans a reality. By working with the skilled attorneys at Nelson Elder Care Law, you can feel confident your property and finances will be protected.
When you think about Estate Planning, you may believe it only takes care of your property once you pass away. While this is certainly a major part of the process, a comprehensive plan can also provide you with protection against events that could occur during your life.
Unexpected challenges can occur in the blink of an eye. For instance, a medical emergency could impact your ability to earn a living or continue an active role within a company. A local attorney could help identify possible areas of vulnerability and suggest options to Protect your Assets if these incidents do occur.
Asset Protection can take on many forms. Some of these are passive, such as having insurance policies with enough coverage to mitigate any potential losses. Others are more proactive, such as creating a business in a way that shields owners from the personal liabilities of the company. Still others are a combination of both, such as creating testamentary documents that provide for the future of your heirs while Protecting your Assets in the present.
Perhaps the clearest example of this dynamic is the use of Trusts. A Trust allows you to transfer assets to avoid the interference of the courts. According to the Official Code of Georgia § 53-12-20, creating a Trust can be as simple as selecting property or assets, naming a trustee to take temporary control over them, and selecting beneficiaries to benefit under the plan.
You could use Trusts as a means of Estate Planning to:
Each of these options serves as a way to Protect your Assets in case of a sudden catastrophe because property that sits in a Trust is no longer an Asset of a Trust maker. A seasoned Asset Protection lawyer in Marietta could provide more information about how creative Estate Planning can help protect your property.
It is important to Protect your Assets in the event of a sudden health emergency, an accident for which you may be liable, business losses, or even a death. Every comprehensive Estate Plan should consider not just how to handle an eventual death, but also how to deal with these unexpected challenges.
A Marietta Asset Protection lawyer at our firm is prepared to take the lead. Our attorneys can help you create legal documents that provide protection for your present and the future. Contact Nelson Elder Care Law today to discuss your options.
I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.
The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!
Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.
Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!
I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!