Asset Protection Planning

Asset Protection Planning

We advise clients on how to increase their incomes, grow their businesses, and manage their investments. We also advise clients on the legal means available to protect their incomes and assets from the potential claims of creditors. In this imperfect and uncertain world, this kind of specialized planning has become a priority for many Americans who want to protect their assets for their retirement or for future generations.

Asset protection planning requires a diverse set of legal skills. In addition to the many techniques used in estate planning, our asset protection attorneys provide the following services:

  • Domestic asset protection trusts
  • Offshore asset protection trusts
  • Family limited partnerships and limited liability companies
  • Domestic partnership agreements
  • Discretionary spendthrift trusts
  • Self-settled special needs trusts
  • Third-party special needs trusts
  • IRA protection trusts
  • Qualified Terminal Interest Property (QTIP) trusts
  • Liability insurance planning
  • Health and disability insurance planning
  • Long-term care insurance planning

Founded in 1920, Ruder Ware provides business, employment, estate planning, and litigation services through its offices in Wausau, Eau Claire, and Green Bay, Wisconsin.  A full-service law firm, over 40 attorneys provide clients with a one-stop approach to their legal needs. Ruder Ware, Business Attorneys for Business Success.

Plan Ahead to Make Summer Memories at the Family Cabin Last Forever

Posted on June 16, 2021 by

Summertime is a special time of year in Wisconsin.  It brings many families to cabins where they create memories and traditions that will be cherished forever.  However, many problems arise if families do not create a plan for the future ownership and management of the family cabin.  The cabin may be subject to the claims […]

Wisconsin Department of Health Services Increases Monthly Spousal Income Allowance

Posted on June 1, 2021 by , and

The Wisconsin Department of Health Services recently announced the “minimum monthly maintenance needs allowance” (“MMMNA”) will be increased from $2,873.34 to $2,903.34 starting on July 1, 2021.  As part of laws designed to prevent spousal impoverishment due to the high cost of long-term care, the “community spouse” (who is the spouse of an individual receiving […]

4 Reasons You Need a Custom Financial Power of Attorney for Medicaid Planning

Posted on May 10, 2021 by

We all want to save time and money when possible. So, when I am asked if the standard Wisconsin power of attorney for finances is sufficient, I understand the motivation to put a crucial document in place quickly and economically. The state form is legally valid and will give your agent certain powers to manage […]

Wisconsin Medicaid Divisor Update

Posted on January 6, 2021 by

UPDATE: Our July 28, 2020, post informed you that the Wisconsin Medicaid divisor would remain unchanged in 2020. As we enter 2021, the Medicaid divisor will now be changed as follows. These changes are effective as of January 1, 2021. New daily average divisor = $303.38 New monthly average divisor = $9,227.81 If you have […]

CMS Releases Key Medicare Figures for 2021

Posted on November 23, 2020 by

The Centers for Medicare and Medicaid Services (“CMS”) recently released key Medicare figures for 2021 that will affect all elderly and disabled individuals who receive program benefits.  This notice summarizes the changes and their impact on various benefits. As is normally the case, Medicare deductibles and premiums have  increased for 2021.  Many deductibles and co-pays […]

Social Security Administration Releases Key Figures for 2021

Posted on October 19, 2020 by , and

The Social Security Administration (“SSA”) recently released key figures for 2021 that will affect all elderly and disabled individuals who receive program benefits, including social security retirement benefits, social security disability insurance (“SSDI”) income, and supplemental security income (“SSI”).  This notice summarizes the changes and their impact on various benefits. Social Security Retirement Recipients of […]

Wisconsin Medicaid Divisor Staying Put. For Now.

Posted on July 28, 2020 by , and

Every year before July 1st, Wisconsin publishes an updated Medicaid divisor to be in effect starting on July 1st of that year until June 30th of the next year.  This year, Wisconsin has not yet updated its Medicaid divisor due to COVID-19 pandemic.  At this point in time, there is no official guidance as to […]

My Spouse is in a Nursing Home and Receiving Medicaid Benefits, Is There Anything Else I Need To Do?

Posted on July 22, 2020 by , and

Donna’s husband Phil is in a nursing home and receives Medicaid benefits to pay for his care (a.k.a. Medical Assistance or Title-19).  Donna wants to make sure Phil’s Medicaid remains in place and is protected, so she wants to know “Is there anything else I need to do?” As the spouse who is not receiving […]

Don’t Let the Fear of Losing Your Home to Medicaid Contribute to Elder Abuse

Posted on July 1, 2020 by , and

As we reflect on the close of World Elder Abuse Awareness Month, we wanted to share some information on this important issue. The Centers for Disease Control and Prevention defines elder abuse as an intentional act, or failure to act, by a caregiver or another person in a relationship involving an expectation of trust that […]

5 Ways the Coronavirus May Impact Long-Term Care Insurance

Posted on June 22, 2020 by , and

In Wisconsin, we are soon to reach 25,000 positive COVID-19 test results, over 3,200 hospitalizations, and close to 750 deaths attributed to COVID-19, the disease caused by the coronavirus. It is being recognized that the coronavirus pandemic has had a devastating impact on the elderly, particularly those in nursing homes and other long-term care facilities. […]

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