asset protection planning
Have you heard of petitioning the Georgia probate courts for “Year’s Support”? Not many people are aware of this procedure to administer an estate or probate a Will. A year’s support award is a permanent award of property from a decedent’s estate to the decedent’s surviving spouse, surviving minor children, or both. It comes from a…
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Families who haven’t engaged in asset protection are often surprised when they discover there’s a claim against the family house filed by Georgia’s Medicaid program. The rules about homeownership and Medicaid can be very confusing! A nursing home resident can own a home and still receive Medicaid benefits because the home is considered an…
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What is an asset? The dictionary defines an asset as “something that is owned by a person, company, or organization, such as money, property, or land.” In general, there are four broad classes of assets: Equities (stocks) Fixed income and debt (bonds) Money market and cash equivalents. Real estate and tangible assets. A house, like…
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When my Hurley Elder Care Law attorney recommends “asset protection” what does that really mean? Simply put, asset protection planning involves a comprehensive review of your current financial situation, your goals, your likely future needs, and your social support system. This thorough review leads our attorneys to an asset protection plan that will help you…
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