How can I protect my assets during my lifetime?

There are a few ways to protect your assets during your lifetime in Washington. First, you can create a revocable living trust that can be used to hold your assets. With a revocable living trust, you maintain control of your assets and can revoke the trust at any time. The trust can help protect your assets from creditors and can provide for the transfer of assets to a designated beneficiary after your death. Second, you can create a durable power of attorney. This document allows you to designate someone to act on your behalf to manage your finances and legal affairs should you become incapacitated. Third, you can purchase long-term care insurance to provide coverage for assisted living or nursing home expenses in the event you require them. This will ensure that any assets you have set aside for your care will not be used up and that you will receive the care you need. Finally, you should speak with an experienced elder law attorney who can provide you with advice on additional steps you can take to protect your assets. An experienced attorney can help you create a comprehensive estate plan that ensures your assets are protected during your lifetime and transferred according to your wishes after your death.

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How can I protect my assets during my lifetime?

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