Elder Law Attorneys – Creating Peace of Mind for All Generations

Asset Protection

Experienced Asset Protection Attorney in Florida

Many people spend their whole lives working hard to build financial security, only to lose everything due to unexpected events like lawsuits, medical bills, or long-term care costs. Without the right legal protection, your home, savings, and other valuable assets could be at risk. At Elderly Care Law Firm, we help individuals and families protect their wealth so they can enjoy peace of mind knowing their hard-earned assets are safe.

What is Asset Protection?

Asset protection is a legal strategy that shields your money, home, and property from creditors, lawsuits, and long-term care expenses. Many people assume that only the wealthy need asset protection, but in reality, anyone can be at risk.

For example, imagine you are sued after a car accident, and the court awards the other person a large settlement. If your assets aren’t protected, you could lose your home, savings, and even future wages. Similarly, if you or a spouse needs nursing home care, the costs could wipe out your entire retirement fund, leaving nothing for your children or loved ones.

Who Needs Asset Protection?

Anyone who owns a home, has savings, or is planning for retirement should consider protecting their assets. This is especially important for:

  • Seniors worried about nursing home costs
  • Business owners facing potential lawsuits
  • Parents and grandparents who want to pass down an inheritance
  • Anyone with savings or real estate they want to protect

How Can Asset Protection Help with Nursing Home Costs?

One of the biggest financial threats for seniors is long-term care costs. In Florida, the average cost of a private nursing home room is over $10,000 per month. Many families assume that Medicare will cover these expenses, but Medicare does NOT pay for long-term nursing home care. Medicaid can help, but to qualify, you must have very limited assets.

The good news is that legal asset protection strategies can help you qualify for Medicaid while still protecting your home and savings. For example:

  • Irrevocable Trusts allow you to transfer assets so they won’t count against Medicaid eligibility.
  • Lady Bird Deeds help protect your home from Medicaid recovery after your passing.
  • Spousal Asset Transfers allow a healthy spouse to keep more assets while the other spouse qualifies for Medicaid.

How Can a Florida Asset Protection Attorney Help?

Many people don’t realize the importance of planning before a crisis happens. At Elderly Care Law Firm, we help families:

  • Protect their home and savings from lawsuits, creditors, and nursing home costs.
  • Create estate plans that preserve wealth for future generations.
  • Qualify for Medicaid without losing everything they’ve worked for.

If you’re concerned about protecting your assets, now is the time to planContact Elderly Care Law Firm at (305) 564-6606 for a case evaluation and let us help you secure your financial future.

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Sherrie Lim

Client Services Coordinator

Sherrie Ann Lim brings over twelve years of customer service experience and a strong background in team leadership and client support. Although she holds a Bachelor of Science degree in Physical Therapy, her career path led her to the dynamic world of the contact center industry, where she discovered a deep passion for service, communication, and operational excellence. 

Sherrie is known for her perseverance, enthusiasm, and confident sense of responsibility. She consistently delivers high-quality results, efficiently managing tasks while remaining flexible to the evolving needs of her clients. Her commitment to continuous improvement and excellence positions her as a trusted ally for businesses seeking proactive and reliable virtual support. 

Drawing from her college background, Sherrie has a deeper understanding of the physical and emotional needs associated with aging, making her especially attuned to the importance of compassionate and informed care for the elderly. She recognizes that elder care isn’t just about physical support, it also involves emotional presence, patience, and clear communication. Her strong appreciation for family ties fuels her commitment to helping clients manage the intricacies of elder care with empathy and attentiveness, ensuring that elderly loved ones feel respected, safe, and truly cared for. 

 

She loves taking care of her family during her rest days and free time, finding joy in the simple yet meaningful routines of home life. Whether it’s preparing home-cooked meals, baking sweet treats for her kids, or tackling household projects, Sherrie finds fulfillment in creating a nurturing and organized environment for her family. Whenever time and opportunity allow, she also enjoys traveling with her family, exploring new places, creating lasting memories, and embracing experiences that strengthen their bond and bring joy into their lives. 

Fun Fact: Sherrie’s two kids were born on the exact same date—two years apart! 

May Cruz

Client Services Coordinator

May began her community service career with the Philippine Department of Health as a Computer Operator, providing vital technical support to healthcare workers across island provinces and helping to bridge technology gaps in remote medical settings. Her commitment to service extended beyond her official duties—she also volunteered in medical missions, assisting indigenous communities and contributing to the delivery of essential healthcare with empathy and cultural sensitivity. 

Continuing her dedication to public service, May later worked at a law firm as a Disability Service Coordinator, assisting military veterans in navigating disability services. She brought empathy, compassion, and heart to the role, ensuring that each veteran felt heard, respected, and supported throughout the process. 

With a unique blend of technical expertise and human-centered care, May remains deeply committed to using her skills to uplift underserved and vulnerable communities. 

Fun Fact: Despite not knowing how to swim, May is a certified open water diver. Her adventurous spirit and determination push her beyond her comfort zone—both in life and under the sea.