In this Elder Law Minute, Wes Coulson discusses the way to guarantee an inheritance for your family. Asset preservation planning protects your life savings and guarantees that you will not have to spend them to pay for long-term care. It can give you peace of mind knowing that you can take care of your family after you’re gone.
Hi, I’m Wes Coulson and this is your Elder Law Minute. You know, as we all know, there are very few guarantees in life. You can have a well-done will, a well-done living trust, but those don’t guarantee that you’re going to have any estate left to distribute to your family, especially if you wind up in long-term care. The good news here though is that there is a way you can guarantee an inheritance from your family. That’s what we can accomplish with asset preservation planning. It sets aside assets in a way that guarantees that you will not need to spend them to pay for long-term care. It’s a great way of getting the peace of mind, that you should really want to have, of knowing that you will be able to take care of your family and to make things better for the next generation. Thanks!