Practice Areas
- Medicaid
- Living Trusts
- Estate Administration and Probate
- Asset Protection
- Veterans Benefits
- Special Needs Trust
Blog 
Asset Protection
- "Do I Qualify For Financial Assistance For Nursing Home Care?"
- Free Asset Protection Seminar For Anyone Considering Long Term Care Planning
- Medicaid Compromise in Health Care Bill On the Chopping Block
- Medicaid and Caregiving: Who Are the Ones Taking the Lead?
- Avoid Pitfalls of Medicaid
News
- How To Avoid Wasteful Spending On Health Care...
Posted on 4/29/2010 - Health Care Debate: Long Term Insurance Overhaul...
Posted on 1/5/2010 - Survey uncovers surprising long-term care myths and facts...
Posted on 10/29/2009 - Healthcare reform may offer another option for long-term care planning...
Posted on 10/25/2009 - Will Pennyslvania lawmakers divert Medicaid stimulus money?...
Posted on 7/29/2009
Library
Asset Protection
- 10 Reasons to Consider Long-Term Care Insurance
- Solve Eligibility Problems Using the Personal Care Contract
- What Can Seniors and Their Families To Legally Protect Themselves In These Dire Times?
- Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
- Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
Frequently Asked Questions
Q:
What are the most commonly used approaches to managing and protecting assets through legal and financial asset protection?
A:
There are many transfer techniques available to us as Estate Planners. The success of each technique varies widely depending on a number of circumstances. No two situations will be exactly alike since the interaction of the variables will affect each client differently. Below is a list of transfer techniques that can be and have often been used successfully.
1. Outright Gifts
2. Trusts
3. Interfamily Sales
4. Self-cancelling installment agreements
5. Interest-free loans
6. Private annuities
7. Sale of remainder interest
8. Joint Ownership
Each of the above techniques brings with it risks and rewards depending on the situation. In addition to Medicaid eligibility requirements, there are also tax consequences to be considered. Before deciding anything its vital to meet with an experienced Pennsylvania Elder Law Attorney or Estate Planner to figure out the best path forward.
If you have any questions or would like a free consultation call us toll free at 1 800 879 0984 or send us a message through our website by clicking here and we'll be certain to respond.
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 200
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
Get Directions
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 102
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
Get Directions
