Statesville Asset Protection Attorneys

Keeping It in the Family

Crosswhite, Crosswhite, Ashley, Johnson & Allen, PLLC — Statesville, North Carolina

In today's era of staggering long-term health care costs, asset protection planning is absolutely indispensable to anyone who owns their own home or other significant investments.

Without an asset protection plan in place, you could be forced to sell your home or give up much of everything you've worked for, just to qualify for Medicaid benefits. We can show you a better way. To schedule a consultation with one of our estate planning lawyers — call our firm directly or contact us online.

At Crosswhite, Crosswhite, Ashley, Johnson & Allen, PLLC, we help families and individuals to protect their assets from creditors and government agencies by making use of the legal tools that are available to do just that. Our attorneys have several decades of combined experience with estate-related concerns and a comprehensive understanding of both the law and how the law can be made to work favorably for their clients.

In terms of asset protection, this means using legally available tools — such as trusts, gifting exceptions or business entities such as the family limited partnership — and applying them in a legally permissible way that minimizes taxes and protects assets from claims made by creditors or the government.

As for why you might want to consider an asset protection plan for yourself, we've already mentioned that the high costs of long-term care combined with the wealth limits of government health care programs could cost you your home and any other significant assets you own.

Beyond that, asset protection planning is also essential for anyone who owns a business. This is because a court judgment rendered against your business could mean forfeiting those assets — unless you have shielded yourself and your personal assets by choosing the correct business entity.

The good news in all of this is that our firm can help to develop and implement an asset protection plan that works. Better yet, it doesn't have to be as complicated as it sounds and it can often be accomplished at a reasonable cost.

A Community and Family-Oriented Law Practice
Local: 704.498.4089 / Toll Free: 1.888.604.9071

For an honest and detailed assessment of your estate planning needs — and to learn more about the asset protection strategies our lawyers can use to benefit you — we encourage you to call or contact our firm online, and to schedule an initial consultation with us.