QUESTION
what are steps you can take to protect my assets
Asked on Apr 07th, 2013 on Civil Litigation - New Jersey
2 ANSWERS
2 Awards
Are you interested in protecting assets for application to Medicaid? Or for estate tax purposes? I would need to know the reason why you want to protect your assets in order to provide a more complete answer. Please call my office if you want to discuss this matter.
Answered on Apr 08th, 2013 at 7:56 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship
That depends upon why you are doing anything to protect your assets. If you are seeking to hide them from existing creditors or claimants who have filed suit, you may not be able to do anything. If you are trying to establish a method of passing assets to the next generation while minimizing taxes, there are a number of things that you can do. What is your purpose in asking the question?
Answered on Apr 08th, 2013 at 4:27 PM