I have heard about setting up a healthcare LLC company to protect my parents assets. I have had a LLC Company in the past. Any thoughts?

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I have heard about setting up a healthcare LLC company to protect my parents assets. I have had a LLC Company in the past. Any thoughts?

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Any help would much appreciated,
Thanks,
Mark T.

Asset Protection Family Caregiver Paying for Care

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I would see a good elder law attorney. I myself would not be doing the assets protection thing. I believe that a person's money is there to care for that person, not to pass on to heirs. Your best advice about this will come from an attorney.

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I agree just wanted to make there!!.. money last as long as possible. I don't know
you, but I've done and put up with a lot last 7 mths. I'm dealing with two parents. One with mild dementia, and the other is advanced.

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My mom has an irrevocable trust. Its in her name but she cannot get to the money and other assets. My siblings and I can however get to it for her needs.

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Another idea may be an irrevocable trust. Check it out.

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Thanks..

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I have heard about setting up a healthcare LLC company to protect my parents assets. I have had a LLC Company in the past. Any thoughts?

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