ASSET PROTECTION PLANNING
WHAT IS ASSET PROTECTION &
WEALTH TRANSFERRING?
An asset protection trust is a specialized irrevocable trust designed to safeguard assets from unnecessary risk. Trust assets are managed and invested by a trustee and distributed only at the trustee’s discretion. These trusts are often used as part of a broader planning strategy, particularly when preparing for potential long-term care needs, including nursing home care.
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Wealth transfer planning focuses on the efficient transition of assets from one generation to the next, while also providing management and protection during periods of disability or incapacity. A primary objective of estate planning is to reduce taxes, avoid unnecessary delays, and streamline administration—while preserving flexibility and aligning with your broader financial goals to ease the burden on future beneficiaries.
HOW TO FIND THE RIGHT ATTORNEY?
For high-net-worth individuals, asset protection planning requires advanced experience and careful strategy. The right attorney should focus on complex estate and asset protection planning and understand how these strategies intersect with tax, business, and long-term planning.
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Look for an attorney with advanced credentials and peer recognition who provides fully customized, proactive planning—never one-size-fits-all solutions or last-minute tactics. Effective asset protection is ethical, forward-looking, and designed to protect your wealth without creating future risk.
TESTIMONIALS
​"Jake and team were so helpful and giving of their time to help our family with all trust work and family planning. The care in which they made sure that we understood every aspect of our planning made all of the tougher decisions so much easier."
— Trey, 2020 (Google)
About the Company:
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Mason & Associates Law Firm is a boutique Estate Planning and Elder Law firm assisting residents in Tennessee and Kentucky. We are dedicated to providing client-centered, professional legal services that are individualized through one-on-one consultations. We delight in empowering our clients and community through education and providing specialized resources. Our integrity-driven team will help you protect your legacy while delivering outstanding quality at a reasonable cost. Your Legacy Is Our Priority™
Jake Mason, J.D., LL.M. (Elder Law & Estate Planning), CELA, EPLS, is the Owner of Mason & Associates Law Firm in Gallatin, Tennessee. He is Certified as an Elder Law Attorney with the National Elder Law Foundation, is board-certified in Estate Planning and Probate by The Estate Law Specialist Board, Inc., of the National Association of Estate Planners & Councils, is accredited by the United States Department of Veterans Affairs, and is licensed in Kentucky and Tennessee. Mason is the only attorney in Tennessee or Kentucky with Board-Certifications in both Elder Law & Estate Planning. Contact us to schedule a consultation via phone, in-office, or video conference at info@planyourlegacy.com or (615) 989-7054.