Asset protection planning helps preserve the wealth you’ve worked hard to build, particularly as you enter retirement when income becomes fixed and healthcare risks increase. Many families don’t realize how quickly a lifetime of savings can be depleted by long-term care costs. At Winkler Legal, our strategic approach focuses on protecting your assets from devastating long-term care costs, which can exceed $500,000 over an average 3-4 year stay. Early retirement asset protection planning in Columbus provides the most options for protecting your family’s financial security, ensuring that a health crisis doesn’t leave a surviving spouse financially vulnerable.
Why Choose Winkler Legal for Columbus Nursing Home Asset Protection
- Specialized focus on protecting retirement assets for those with $100,000 to $2 million
- Strategic use of irrevocable trusts while maintaining access to assets
- Deep understanding of both Medicaid and nursing home cost implications
- Experience protecting spousal financial security
- Clear guidance through complex protection strategies
“Through careful asset protection planning, we provide both security and stability for your retirement assets while maintaining your quality of life. The key is implementing these strategies before they’re needed.”
– Dirk Winkler
Pricing for Our Asset Protection Services
Asset protection trust planning starts at $5,500. Investment in proper planning can help protect hundreds of thousands in family assets from long-term care costs, so the cost for these services is well worth the investment.
5-STEP PROCESS FOR GETTING STARTED WITH ESTATE PROTECTION PLANNING IN COLUMBUS
- Book a free consultation to assess your asset protection needs
- Complete a comprehensive asset review questionnaire
- Strategy development meeting to outline protection options
- Create a customized protection plan
- Implement trust and asset transfer strategies
5-STEP PROCESS FOR SUCCESS
Frequently Asked Questions About Asset Protection Planning
Once you retire, you’re typically living on a fixed income and no longer accumulating assets. Without protection, a health crisis requiring long-term care can quickly deplete your life savings, potentially leaving a surviving spouse destitute.
While you give up ownership of assets placed in irrevocable trusts, you can still live in your home, receive income, and benefit from the assets so long as you follow specific federal law. The trust protects against future claims while maintaining your lifestyle.
Without planning, the well spouse might only keep $158,000 plus the house and car. With proper planning, we can often protect significantly more, ensuring financial security for both spouses.
Retirement asset protection in Columbus, Ohio, is most beneficial for those with assets between $100,000 and $2 million. Those with higher net worth may need different strategies, while those with fewer assets may qualify for benefits without extensive planning.
The best time to start is as you approach or enter retirement, typically around age 55 or after. This allows time for protection strategies to take full effect before they’re needed.
Trusted Resources
With knowledge and foresight, we assist our clients in being involved and informed in their unique decision-making process. We offer a wealth of information including videos, detailed blog postings on hot topics, informational articles, and comprehensive seminars to educate our clients. If you have any questions, we offer free consultations to discuss your personal needs.