Preserve Your Assets

The Importance of Preserving Your Assets

  • Leaving something behind for a surviving spouse, family members, and other loved ones is a difficult and important aspect of preparing your assets as you age or health deteriorates. The hardships that follow a loved on passing or entering assisted living shouldn’t include financial issues that could have been addressed and/or eliminated early on.
  • We work to protect families from financial hardships that come with the aging and passing of loved ones. Assets can deteriorate with the burden of healthcare and assistance over time. Contact us to discuss how we can help you now.

Retirement Planning

  • 401(k)s and IRAs are two of the most common modes of saving for retirement and should be monitored and tracked when planning for your future.
  • If you’re looking for a tax benefit as you save for retirement, you will need to work with banks or brokerage firms. The IRS requires that you put tax-qualified retirement savings in the hands of an approved custodian, and we can help you find that custodian.
  • Insurance companies offer products that can help protect you against loss in the event of unforeseen circumstances or illness.

Transferring Assets For Taxes and Planning

  • Government programs are available to help the elderly pay for home care, assisted living, and nursing home costs. Our team can help you find exactly what you need to preserve your assets for the future, and take advantage of everything available to help pay for known and unknown future costs.
  • Medicare, VA Pension Benefits, and the likes are all available and we can help you traverse the paperwork and dotted lines to get everything out of them. Our goal is to make your life and the lives of your loved ones as easy as possible.

Know What You Are Doing

  • It is important to understand what it is you’re doing to protect your assets for the future. If you can’t explain what you are doing to make sure you are safe, chances are you need to contact your custodian and figure things out.
    • If something were to happen that resulted in a judge looking over your asset protection planning, it is important to be able to track what’s going on with your money.
    • You can assume that creditors will review all steps you take in your asset protection plan.