Asset Protection

Asset protection planning is the process of legally structuring your assets to protect them from potential risks, including long-term care costs, creditors, lawsuits, divorce, and other threats. At O'BRIEN LEGAL, we help Pennsylvania families create comprehensive asset protection plans tailored to their unique situations.

Whether your goal is to protect assets from long-term care costs, creditors, divorce, lawsuits, poor financial decisions, remarriage, or unintended beneficiaries, our attorneys can help you build a plan that preserves your legacy and keeps control where it belongs - with you and your family.

Common asset protection strategies include: Medicaid Asset Protection Trusts, Irrevocable Life Insurance Trusts (ILITs), Family Limited Partnerships (FLPs), Limited Liability Companies (LLCs), and various other trust structures designed to protect specific assets.

One of the most significant threats to your assets is the cost of long-term care. The average cost of nursing home care in Pennsylvania exceeds $10,000 per month. Without proper planning, these costs can quickly deplete a lifetime of savings.

Asset protection planning is most effective when done well in advance of any potential threat. Different strategies operate under different rules and timelines. Medicaid's look-back rules - which can create a period of ineligibility for certain transfers made within five years of an application - are separate from the laws governing voidable transfers to creditors. Each set of rules requires its own analysis, and the right approach depends on your specific circumstances and goals.

Don't wait until it's too late. Contact O'BRIEN LEGAL today to schedule your free consultation and learn how we can help protect your family's assets.