Asset Preservation

One of the major goals that many of our clients have when they come to us to discuss their Estate Planning is asset preservation.

Preserving assets is not always as straightforward as it sounds—it is not just a simple matter of using coupons when you go shopping or picking up the pennies you find in the parking lot.

Some asset preservation techniques include having adequate insurance and reviewing how your assets are titled to make sure that what you already have in place meshes with your overall Estate Plan.

It is also important to keep your Estate Planning documents up to date. You should review your documents every few years. If there has been a major change in your life or an update to the tax laws, then it is time to update your documents.

There are also various programs, like Medicare, Medicaid, VA, and private insurance, that can provide a source of funds to help pay for certain types of expenses. We frequently see clients who could be benefitting from one or more of these programs, except the client has never heard of the program before or did not realize they were eligible.

Estate Planning is not just about planning what happens after you die; it is also about conserving your Estate assets and maintaining your quality of life. It is our priority to help you explore all asset preservation options available to you.