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How can you protect financial assets from attachment by nursing homes?
Wiki User
∙ 11y ago
This is really the kind of question that you should discuss with a lawyer, but I would say that you could place your assets in an irrevocable trust, of some kind.
Wiki User
∙ 11y ago
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What does a probate lawyer do first when handling an estate?
Inventory the estate and protect the assets.
I am in contempt of a court order to repay my mom's estate for money i spent how can they collect?
The court can issue an attachment that will be given over to the sheriff who will then serve it upon you. The attachment will freeze any assets you own, real or personal including any bank accounts. The attachment will be followed up by an execution and the sheriff can sieze and sell any property you own to pay the debt. The court could also transfer the matter to the criminal court division for prosecution.
What does legal claimant services do?
Legal Claimant Services works with leading corporations and financial institutions to help people recover assets from forgotten or abandoned accounts and other lost investments.
Is inheritance money and property safe from legal judgments in the state of Louisiana?
No it would not be safe from legal judgments. It becomes an asset of the individual and it is subject to having a lien put on it. If possible, the assets could be put in a trust to protect them.
If my brother goes into a nursing home and his property is deeded to me what reasons would a nursing home have to have to take the property from me?
His property is seen as an asset and with many nursing homes an agreement is signed giving all asserts to the home. Veteran homes and many Masonic, church homes do this. I would contact a lawyer with this question.
What should be included in a financial plan to protect assets?
A financial plan should include steps to alleviate debt in order to protect assets. The financial plan should also defined assets according to their importance to the company.
Where online can I find prices on Nursing home costs?
You can find online prices of nursing homes any where out there. Such as this one www.ultratrust.com/protect-assets-nursing-home-costs.html It says that it is tax free as well.
What are non financial assets?
non financial assets characteristics
Lease obligations real or financial assets?
They are financial assets because they are non-physical assets
What is the purpose of Sarbanes-Oxley Act of 2002?
To protect investors from fraud and false financial reporting.
Are bank loans financial assets?
Bank loans are financial assets for the banks and financial liabilities for recipients of the loans.
What if you need To be in a nursing home but you make too much to qualify for medicaid but not enough to pay for the nursing home?
As long as you meet the non-financial factors of eligibility for Medicaid, the State will expect you to apply your "excess" income/assets to your nursing/medical care and the Medicaid will pick up the remainder of the medical/nursing bills.
Difference between real assets and financial assets?
Real assets are physical assets such as plant, machinary, vehicles, stock/ inventory. Financial assets, are cash, bonds, shares etc., etc.
Differentiate between financial and physical assets?
Physical assets are plant, machinery, tools, land, building e.t.c where as financial assets include cash, shares, bonds, marketable securites, financial assets are used to purchase Physical asstes.
What are traded in financial markets?
a. Security b. Assets used to produce goods and services c. The goods and assets produced by the firm d. both real assets and financial assets
Why is it important to separate operating assets from financial assets?
Operating assets contribute to the day to day functions of the business. While financial assets add value to the business, they do not account for profitability of the business. Financial analysis models only use the operating assets to determine future profitability.
What does Axcess International do?
Axcess International is a company that helps to protect your financial information and assets. If you want to know more information, check out their official website.
