Albany Asset Protection Lawyer

Strategic asset protection is a cornerstone of effective estate planning. Implementing these safeguards requires both proactive timing and careful coordination with your existing estate management strategies to preserve the wealth you’ve diligently accumulated.

Whether you’re looking to preserve your wealth for personal benefit or future heirs, our experienced Albany asset protection attorneys can create a customized plan that fits your unique needs. We help individuals protect their assets from potential risks, such as litigation, divorce, or long-term care costs, all while keeping your family’s best interests at heart.

Our firm has a dedicated focus on elder law, trust planning, and estate planning, and we work with individuals and families across the Albany region to protect and preserve what matters most. The key is to act before your assets are at risk—consult with our trusted legal team today.

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What Is Asset Protection?

Asset protection involves creating legal structures that shield your assets from creditors, lawsuits, and other financial risks. While some may think this is only necessary for high-net-worth individuals, the truth is that most people can benefit from asset protection.

From shielding your family home to insulating your business or professional practice from potential claims, proper planning makes all the difference in preserving your wealth and preventing financial trouble down the road.

Working with an experienced estate planning lawyer, such as our attorneys at Piero, Connor & Strauss LLC, is critical in asset protection planning. The absence of experienced legal counsel can leave your assets vulnerable to various risks, including litigation exposure. Our New York asset protection lawyers are ready to protect your wealth while minimizing potential legal risks. We put asset protection structures into place that meet your goals, align with your other estate planning strategies, and hold up under scrutiny.

Albany Asset Protection Attorneys

Louis W. Pierro

AARON E. CONNOR

Frank E. Hemming III

Patricia T. Whelan

Contact us today for a FREE consultation

(866) 951-7526 Send Us a Message

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Who Needs Asset Protection?

Almost anyone could face a situation where asset protection might be beneficial, but some individuals are at higher risk than others. If you’re in one of the following categories, asset protection planning may be especially important:

Professionals like doctors, lawyers, and real estate investors often face significant potential liability. Insurance may not cover large judgments, putting personal assets at risk.
Business owners and corporate officers can sometimes be held personally liable for company debts, even if corporate structures limit liability.
Couples may wish to keep certain assets within the family or customize their financial arrangements in ways that differ from standard state rules regarding equitable division in the case of divorce.
Individuals needing long-term care may struggle to qualify for Medicaid if their assets exceed certain limits. Asset protection can help preserve eligibility while safeguarding wealth.
Special needs individuals require careful asset protection strategies to maintain eligibility for government benefits while ensuring access to resources that enhance quality of life. Specialized trusts can help protect inherited assets without jeopardizing crucial public assistance.
High net worth individuals face unique challenges in protecting substantial assets from excessive taxation, creditors, and potential lawsuits. Complex strategies involving trusts, business entities, and international planning may be necessary to preserve wealth across generations.

If you fall into any of these categories—or simply wish to preserve your legacy for your loved ones—contact us to discuss how we can help.

Our Services

At Pierro, Connor & Strauss, we work closely with a team of accountants, tax professionals, and financial planners to provide a comprehensive range of asset protection services, including:

Revocable Asset Protection Trusts

Protect assets while maintaining control over them.

Medicaid Asset Protection Trusts

Help preserve your assets while qualifying for long-term care benefits.

Irrevocable Trusts

Protect assets by transferring ownership to the trust, reducing the risk of losing them to creditors or in litigation.

Family Limited Partnerships

Structure your family’s wealth to limit exposure to claims and taxes.

Special Needs Trusts

Provide for a loved one with special needs without jeopardizing eligibility for government benefits.

Dynasty Trusts

Preserve wealth for future generations while minimizing taxes and legal complications.

Charitable Remainder Trusts

Combine philanthropy with asset protection strategies to reduce your estate’s tax burden.

Speak With Our Estate Planning Lawyers

What Our Albany Clients Are Saying

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Frank Hemming was great to work with through out the whole process of creating our family trust. He is very professional and knowledgeable and a great asset to the firm. I would highly recommend Frank and Pierro, Connor & Strauss, LLC for all your Elder Law needs. Also thank you, Kathy, for your assistance. Thank you for everything!

– David & Dottie H.

We had an excellent experience with Pierro, Connor, and Strauss. We were looking for a law firm to help us prepare a will, and they advised us on everything we needed for not only that but also dealing with the disposition of remains and other aspects you may not necessarily know about or think about.

The entire process went smoothly; we were able to review every single document that had been prepared, ask questions, make corrections and alterations, and sign something that we knew would have us prepared for the worst. We will certainly reach out to them in the future for any of our legal needs.

– Luigi V.

I had a will which was ancient and life experiences over many years had basically made the document useless. I was an acquaintance of Aaron Conner from outside his profession as an attorney but knew that he and his firm could help me to update my will.

I contacted Aaron and supplied the information that he needed to bring my estate planning up to date. Aaron reviewed the material that I provided and suggested that it would be best to create a more comprehensive package of estate documents. With the help of Kristen Peck, another attorney at Pierro, Conner & Strauss, we established a complete set including a trust, will, health care proxy, and a power of attorney.

I was very happy with the entire process and appreciated the expertise and good nature of all the staff at Pierro, Connor & Strauss who were involved in helping me establish a thorough estate plan. I would recommend them to anyone looking to do the same.

– Gary D.

My first experience with Pierro, Connor & Strauss was when my parents needed to set up a trust and I was part of that process. Aaron Connor was the attorney who headed up that service and did such an excellent job that I came back several years later when my wife and I were ready to set up our Trust.

Fast forward to earlier this year, Frank Hemming was the attorney who handled our Trust, Wills, Power of Attorney, Health Proxies, and other related documents. Frank did an outstanding and professional job of walking us through the process, explaining the legalese in everyday terms and shared some personal experiences and examples that you could easily relate to and understand.

I was also impressed with the thoroughness and organization of the legal documents deliverable, as well as their fair and reasonable rates. I highly recommend Pierro, Connor & Strauss to anyone looking for an attorney who specializes in Trusts and Estate Planning!

– Richard L.

The entire process with this group was seamless. Every detail was spelled out, every wish of ours was taken into account. I felt we had a strong advocate in our corner to protect our wealth and provide for our future family. If you want a law firm that works for you, this is it.

– Erik S.

When to Start the Asset Protection Planning Process

It’s never too early to start planning for asset protection. The earlier you begin, the more options you’ll have available. Waiting until a threat is imminent, such as litigation or divorce, or the need for long-term care assistance, limits your choices. Starting today allows you to put a comprehensive strategy in place that will grow and adapt with your needs over time.

Asset Protection for Long-Term Care

One of the key reasons people seek asset protection is to cover the rising costs of long-term care. Medicaid Asset Protection Trusts (MAPTs) can help you qualify for Medicaid while shielding assets from being spent down on expensive healthcare costs.

With a MAPT, you can:

Protect assets such as real estate, business interests, stocks, bonds, and life insurance.
Retain control over income while principal remains accessible to lifetime beneficiaries.
Preserve your legacy by keeping assets in your family and out of the reach of Medicaid spend-down requirements.

MAPTs offer flexibility in structuring your wealth to meet your future needs.

Meet Our Team

At Pierro, Connor & Strauss, our dedicated legal team has decades of experience in asset protection and estate planning. Meet two of our partners who handle asset protection services:

Louis Pierro, Partner

A founding member of the firm and a nationally recognized leader in elder law and estate planning, Louis has helped countless individuals protect their assets and create enduring legacies.

Aaron Connor, Partner

Known for his expertise in estate litigation and long-term care planning, Aaron is committed to crafting asset protection plans that are as effective as they are personalized.

Both Louis and Aaron, along with our entire team, are dedicated to guiding clients through even the most challenging family dynamics with compassion and integrity.

Let’s Talk About Your Future - Schedule Your Consultation Today

Our Competitive Edge

What sets Pierro, Connor & Strauss apart from other firms?

Legal Knowledge

Our attorneys are leaders in elder law and estate planning with a deep understanding of complex asset protection strategies.

Personalized Service

We tailor every plan to fit the specific circumstances of our clients and their families.

Proven Track Record

Our long-standing success is evident in the many clients we have helped achieve peace of mind.

Client-Centered Approach

We work with your entire professional team—accountants, financial advisors, and tax professionals—to make sure no detail is omitted and taxes are minimized.

Contact Us

Life’s unexpected challenges often arrive during times of crisis, when we’re already emotionally drained and overwhelmed by coordinating care for our loved ones. While concerns about providing for family will always create some stress, having a well-designed estate plan serves as your roadmap through turbulent times.

Let us help you create that plan today – contact the Albany estate planning attorneys at Pierro, Connor & Strauss to schedule a consultation and learn how we can help you focus on what matters most: ensuring your loved ones receive the care and support they need.

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Life Happens…..Are You Prepared?

Contact us today for a FREE consultation and we’ll be happy to help take the worry out of tomorrow so you can live today.