OUR SERVICES
Depending on your protection.
Become a guardian to someone you care about.
Understanding
Asset Protection
Taxes can significantly erode the value of assets. A trust effectively places a wall around your assets, sheltering them from state and federal taxes. At The Gufford Law Firm, P.A., our attorneys can help you devise a plan to preserve your assets — for your family and you.
Our attorneys will work closely with you to determine the best way to protect your assets.
In many cases, the most powerful asset protection tool is a trust. By placing your assets in a trust, you protect your assets from tax liabilities. In addition, if you face a lawsuit, the other party cannot take your assets if they are safeguarded within a trust.
Common Misconceptions
A special needs trust protects a child with special needs. With a comprehensive estate plan, you can ensure that your special needs child receives what he or she needs to live a full life, while ensuring that your other children also receive their fair share of the estate. A special needs trust will protect your child from being disqualified for Social Security and Medicaid benefits, while still maintaining access to funds in the trust.
Virtually any type of asset can be placed into a trust. We have helped clients preserve a broad range of assets, including:
- Homes
- Vacation properties
- Luxury vehicles, including boats
- Retirement accounts
- Life insurance benefits
- Inheritance