Annuities as an asset protection strategy for married couples

A good way for married couples to protect assets.

BUT, doing it wrong could mean HUGE penalties!
  • Our firm’s federal litigation paved the way in Lopes v. Starkowski (2010, 2012)

  • Must be:
    1. SPIA (single premium immediate annuity)
    2. Non-assignable
    3. Irrevocable
    4. Actuarially sound
    5. State must be named as remainder beneficiary

  • Convert assets of nursing home resident’s spouse exceeding $119,220 into an income stream

  • Healthy spouse’s income is exempt

  • No deeming of assets after month of eligibility

  • KNOW the rules!
Client Reviews
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“I cannot find the words to thank all of you properly for your hard work and perseverance. It is a great relief to have gotten a just and proper ruling from the court. All of you have shown great professionalism and concern for the issues I brought before you.” J.G., Greensboro, GA
★★★★★
“All dealings have been excellent. Very professional organization. Great explanations of our options related to preparing a will. Clear, concise, great guidance and not trying to "sell us" on something we do not need. Administrative folks were super. All of our related paperwork was clearly tagged with what we needed to provide/sign/read /etc. Made things easy. Nice work.” L.G., Berlin, CT
★★★★★
“We loved working with your firm and really trust the advice. You have a well-deserved reputation and it was nice to check off a number of things that had been on our To-Do list. Although it's hard to make the time to take care of some of these matters, it is a great relief when you do so. I would definitely recommend your firm to anyone in need of the services that you provide.” L.M., Simsbury, CT
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