Preserving What Is Yours

Asset protection focuses on preserving what you have worked hard to build while preparing for life’s uncertainties. For many seniors, the greatest threat to their assets is the high cost of long-term care. In Ohio, nursing home expenses can quickly deplete savings if no legal protections are in place.

Asset Protection Assistence

An elder law attorney can help identify which assets are at risk and which may be legally protected under Ohio law. Certain assets, such as a primary residence, personal belongings, and specific financial resources, may be shielded when proper planning strategies are used. Asset protection is not about hiding assets—it is about structuring them lawfully and strategically.

Medicaid Planning

Medicaid planning often plays a key role in asset protection. Without planning, individuals may be required to spend down assets before qualifying for benefits. With proper legal guidance, families may be able to preserve assets while still meeting Medicaid eligibility requirements. Timing is critical, especially due to the Medicaid five-year look-back period, which penalizes improper transfers.

Estate Planning

Asset protection also includes proper estate planning. Trusts, powers of attorney, and beneficiary designations must be carefully coordinated to avoid unintended consequences. Poorly drafted or outdated documents can expose assets to loss or disqualify someone from essential benefits.

If you are concerned about protecting your assets from long-term care costs or future uncertainty, legal guidance can provide clarity and confidence. Krugler Law offers free consultations for asset protection planning in Cincinnati and surrounding areas. Call (513) 916-1600 today to discuss your situation and learn how an elder law attorney can help safeguard your financial future.