Asset Protection
Asset Protection Planning
Asset protection planning uses legal structures to shield assets from long-term care costs, creditors, and other risks, while keeping planning within the bounds of Missouri and federal law. O’Gorman and Sandroni help clients evaluate which strategies genuinely fit their goals and risk tolerance.
Common Asset Protection Tools
Irrevocable trusts, certain business entity structures, and strategic titling of assets can each play a role in an asset protection plan, depending on whether the primary concern is long-term care costs, professional liability, or general creditor exposure.
Timing and Legal Limits
Asset protection planning is most effective when done well in advance of a known risk. Transfers made after a claim arises, or in an attempt to avoid an existing creditor, can be challenged and unwound, which is why early, proactive planning matters.
Frequently Asked Questions
Some options remain, but many of the most effective asset protection tools require advance planning, ideally years before care becomes necessary.
Yes, when done properly and in advance. Planning that crosses into hiding assets from existing creditors or providing false information to Medicaid can carry serious legal consequences, which is why professional guidance matters.
Since 1985 Sean O’Gorman and Andrew Sandroni have been representing clients in all areas of the law. O’Gorman & Sandroni, P.C. was founded in 1989 on the principles of honesty, integrity, and the aggressive pursuit of our client’s goals.