Asset protection consists of shielding our property and savings from the threat of lawsuits, business reversals, government regulation and unforeseen medical expenses.
Most of us have a home. Some of us are saving for our child’s education. Many of us are building a business. All of us are preparing for our retirement. With an appropriate asset protection plan we provide for our family’s future.
Generally speaking, asset protection plans utilize instruments such as family partnerships and spendthrift trusts. Mr. Bustillos includes the use of family limited partnerships, limited liability companies, corporations, and catastrophic illness trusts. We also structure estates to avoid Medi-Cal spend-down requirements.
Attorney and Counselor At Law
I was retained by clients who held rental properties in San Diego and Nevada, and had their home in California, and had $200,000 in personal property. Because of a medical matter, the husband had to qualify for Medi-Cal. Normally, with all their assets, they would not qualify. By strictly following California and Federal Medi-Cal regulations, I was able to qualify them for Medi-Cal and retain their assets for their children to inherit.
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