Long Island Asset Protection Attorney
How to Protect Your Assets in New York
The American dream is often viewed as spending most of your life working, saving, and sacrificing so that in your golden years you can live comfortably and then share any excess with those you love after you pass on. Many people do all of these things but forget that if these hard-earned assets are not properly protected once accumulated that everyone from creditors to the government can take a piece of the pie, possibly even half or more.
Asset protection is a vital part of the elder law services that The Virdone Law Firm, P.C. provides to clients on Long Island and throughout Nassau County, Queens County and Suffolk County. If you would like to learn more about how an attorney can help you create a plan that will protect your loved one's assets from taxation and the many other risks that may arise upon their passing or when they need nursing home care, contact our offices today. Your initial consultation is free and always confidential. We want you to protect your parents' assets so you don't have to sell them in order to provide nursing home care, or disqualify them from receiving Medicaid.
We are highly experienced legal and business professionals dedicated to providing long-term solutions that help people protect their assets. A Nassau County elder law lawyer at our offices can help you in the construction of a will and power of attorney as well as provide guidance with regard to Medicaid planning, taxes, insurance beneficiaries, and asset gifting. We find that many people are surprised to learn that the cost for a comprehensive asset protection package is low, especially compared to the value of the assets that are taken from the estate both during life and after if not properly protected. The American dream, even if realized, is not complete if the fruits of one's labor are depleted through taxes or long term care.
What Type of Asset Protection is Right for You?
Asset protection involves highly important decisions to protect your investments, your personal assets, business endeavors, and other earnings. Should you ever find your estate at risk, either due to bankruptcy, creditors, defaulted loans, or in a lawsuit.
This form of estate planning will be especially beneficial to anyone who has significantly large assets or wealth to protect, and face the large risk of losing employment, particularly business owners. We know that many individuals and families depend on the business or their investments as the source of employment and a steady stream of income.
We have a variety of asset protection resources and tools that can be personalized for your particular needs and goals. For example, prenuptial and postnuptial agreements are one of the ways you can safeguard your separate property, that is the property you had before you were married.
We can offer counsel for the following types of asset protection:
- Tax planning
- Powers of attorney
- Trusts: irrevocable and irrevocable trusts
- Pre and postnuptial agreements
You have many other options at your disposal with The Virdone Law Firm, P.C. Our Nassau County elder lawyers can guide you in creating a will, planning your taxes, or develop a comprehensive asset protection plan. The route we take will depend on your particular goals, the amount of assets and properties you have to protect, and your specific needs.
Elder Law Lawyer Serving Long Island, Queens, Nassau and Suffolk Counties
You have many options in regard to asset protection. The approach will vary depending on your particular goals as well as the amount of property and valuables you are dealing with.
To create a plan of action that suits your unique needs, contact a Nassau County Asset Protection Attorney at The Virdone Law Firm, P.C. today.
"A consummate attorney."J.C.
"I am looking forward to a holiday homecoming with my sons and family, which includes their presence at my ailing mother's 75th birthday party. John made it happen."Anthony C.
"I was able to get an excellent Grandparent visitation settlement within three court visits, I highly recommend him."Lydia Casanova
"His manner in a courtroom is impeccable. We felt very reassured that he was representing us even when the process was at times overwhelming."Linda D. and Vinnie D.
"We get very emotional when we speak of John because he helped keep our grandchild out of the foster care system."Susan Cowan, Colorado