Asset protection planning isn’t just for the 1% or the high net worth families anymore. \u00a0With the rising costs of long-term care in Michigan, plus the increases in divorce and creditor issues, more and more of my clients are interested in asset protection. \u00a0Asset protection for themselves against long-term care and creditor and divorce protection for their children.<\/p>\n
With the advent Lifetime Protection Trust’s, clients these days have the ability to build in asset protection into their estate plans in simple, easy to understand ways, that use to only be available to net-worth individuals. \u00a0Use of Lifetime Protection Trusts (IPUGs, MITs, FITs, KITs) has allowed savvy estate planning and elder law attorneys to protect middle class families from the devastating costs of long-term care, as well as against divorce, law suits, and creditor actions.<\/p>\n
The typical asset protection trust works like this. (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Asset protection planning isn’t just for the 1% or the high net worth families anymore. \u00a0With the rising costs of long-term care in Michigan, plus the increases in divorce and creditor issues, more and more of my clients are interested…<\/span><\/p>\n