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Barrow Law Group

TEL: 718.763.1010
Email: info@barrowlawgroup.com
  • Home
  • About
  • Services 
    • Estate Planning
    • Asset Protection
    • Estate and Trust Administration
    • Medicaid Planning
    • Estate Planning Under 50
    • Special Needs Planning
  • Workshops
  • Consultation
  • FAQ
  • …  
    • Home
    • About
    • Services 
      • Estate Planning
      • Asset Protection
      • Estate and Trust Administration
      • Medicaid Planning
      • Estate Planning Under 50
      • Special Needs Planning
    • Workshops
    • Consultation
    • FAQ
    ASK AUDRA !
    broken image
    broken image

    Barrow Law Group

    TEL: 718.763.1010
    Email: info@barrowlawgroup.com
    • Home
    • About
    • Services 
      • Estate Planning
      • Asset Protection
      • Estate and Trust Administration
      • Medicaid Planning
      • Estate Planning Under 50
      • Special Needs Planning
    • Workshops
    • Consultation
    • FAQ
    • …  
      • Home
      • About
      • Services 
        • Estate Planning
        • Asset Protection
        • Estate and Trust Administration
        • Medicaid Planning
        • Estate Planning Under 50
        • Special Needs Planning
      • Workshops
      • Consultation
      • FAQ
      ASK AUDRA !
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      Asset Protection

      You have spent much of your life creating - acquiring assets.   Unless you protect them, your financial security is at risk.  There are so many different variables that threaten your financial security and that of your family ranging from the high cost of long-term care, creditors, predators and lawsuits.  We live in a litigious society where not only the uber rich are sued.  In fact, in the United States there are more lawsuits filed than there are in the rest of the world combined.  

      Asset protection planning is a strategy to insulate your savings, property, inheritance and business from the cost of long-term care, creditors and lawsuits.  A well-structured asset protection plan will protect you during your lifetime and will protect your beneficiaries at your death from the same threats mentioned earlier as well as divorce.  If desired, it will ensure that the assets remain in your bloodline.   

      One of the common mistakes that people make is giving away their assets to a loved one to ensure that the loved one receives the assets or that it is protected from Medicaid recovery.  Outright gifts have several pitfalls.  First, you lose control of your asset during your lifetime.  Second, your assets are exposed to the same threats plus the additional threat of divorce and risk of death of the loved one. Third, the gift could make you ineligible for Medicaid coverage for an extended period.  

      We craft plans that allows you to protect your assets for your use during your lifetime and at your demise the assets may remain protected for your loved ones.  

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      Medicaid Crisis Planning
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