Virginia Asset Protection Attorneys
Also Serving Washington, D.C.
Most of us have worked long and hard to acquire our assets, and we want the peace of mind that results from knowing they will be distributed according to our instructions after death. J.S. Burton is experienced and skilled in all forms of asset protection and can assist in sheltering assets, regardless of their character.
A number of things can threaten estate assets before and after the testator (person to whom the estate belongs) dies. One major threat to assets is the possibility that long-term medical and nursing home care will be needed in the future. Long-term care is exceptionally expensive and, with the elderly population growing as people live longer, it becomes more and more likely that a person will need this type of care at some point in their life. The costs of care can easily diminish a nest egg in a matter of months or years, making it impossible for a person to leave these assets to loved ones.
Planning for Long-Term Care
There are, however, ways to plan for long-term care that will enable a person to preserve assets for the beneficiaries of their estate. Medicaid is means-tested, government-provided health coverage and will cover long-term care costs for those who qualify. J.S. Burton will work with a client's current assets and income in order to make them eligible for this program. We regularly assist clients in preserving their assets from long-term care costs, either if the need for long-term care is anticipated beforehand or is needed immediately. The best part is that the client is usually able to maintain control over their assets until they become incapacitated or die.
When developing a comprehensive estate plan, we usually include a durable power of attorney and advance medical directive. By appointing an agent up front to make financial and healthcare decisions once unable to do so preserves the client’s assets by freeing them from guardianship or conservatorship hearings and the resulting costs.
Liability
We regularly represent lawyers, doctors, and other professionals and business owners who have increased liability as a result of their occupation. Liability can result from malpractice, the breach of fiduciary duties, and negligence claims of all kinds. While a lawsuit can have devastating financial effects on anyone, being found liable can have a catastrophic effect on a professional or business owner. Therefore, we work with clients to separate personal and business assets so that personal assets are untouchable by creditors. We also incorporate the necessary items into the estate plan to limit a person’s liability before and after death. Whether your assets, business interests, or entity are domestic or offshore, J.S. Burton can help.
If you are concerned about asset protection, you should contact J.S. Burton at (888) 885-9001 for a consultation today.
Opinions That Matter Most
Read What Our Former Clients Have to Say
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I just had a great experience with this firm in preparing my estate planning documents. I needed to update some wishes and also ensure everything is in line for the state of Virginia, as I moved here from Pennsylvania. I worked with Fallon Francesca Whi
- Wendy V. -
I have met with Mr Burton several times and always found him to be professional and personable- Bonnie T.
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We were heard and guided to do the best for our families needs- Fred S.
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J S Burton, PLC has helped with my estate planning. All aspects of my trust are clearly defined in an easy-to-understand folder. They coordinated with my financial planner seamlessly. The staff is friendly and personable. I highly endorse J S Burton.- Elizabeth M.
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Thorough, responsive, and knowledgeable. I highly recommend this firm!- Krystin R.
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J S Burton, PLC has been our family's trusted estate planner for over 20 years. Their professionalism, knowledge, and dedication are unmatched. They guide us through complex decisions with ease and clarity, always with a personal approach.- Ryan D.
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J S Burton, PLC is an excellent estate planning firm—highly skilled, knowledgeable, and experienced. They listened with great kindness, compassion, and courtesy. All questions were answered, and a perfect estate plan was created. Very happy!- Kathy R.
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The service was excellent!- Susan B.