Practice Area
Wealth Protection Planning
Safeguard the assets you have built against creditors, lawsuits, and unforeseen risks.
Protecting What You Have Built
You have worked hard to build your wealth. Wealth protection planning is the legal discipline of structuring your assets so they are shielded from potential creditors, lawsuits, and other threats — while remaining available for your use and enjoyment during your lifetime.
At Bouklas & Associates PLLC, we help individuals, professionals, and business owners implement proactive strategies that protect their assets before a claim arises. Waiting until a lawsuit is filed or a creditor comes knocking is too late — effective asset protection requires advance planning.
Our attorneys combine deep knowledge of New York law with a thorough understanding of trust structures, business entities, and exempt assets to design protection plans that are both legally sound and practically effective.
Our Wealth Protection Services
Domestic Asset Protection Trusts
Certain irrevocable trust structures can place assets beyond the reach of future creditors while still allowing you to benefit from them under defined circumstances. We advise on the most effective trust structures available under New York law and applicable federal law.
LLC & Business Entity Planning
Properly structured limited liability companies and other business entities can insulate personal assets from business liabilities and vice versa. We help clients establish and maintain entities that provide meaningful protection.
Medicaid Asset Protection Trusts
A Medicaid Asset Protection Trust (MAPT) is a specialized irrevocable trust designed to protect your home and other assets from Medicaid estate recovery while preserving eligibility for long-term care benefits. Timing is critical — we help you plan well in advance of any care need.
Homestead & Exempt Asset Planning
New York law provides certain exemptions that protect specific assets from creditor claims. We identify and maximize the exemptions available to you as part of a comprehensive protection strategy.
Gifting Strategies
Strategic gifting can reduce the size of your taxable estate while transferring wealth to the next generation. We advise on annual exclusion gifts, 529 plan contributions, and other gifting techniques that complement your overall protection plan.
Insurance & Risk Management Coordination
Asset protection planning works best in coordination with appropriate insurance coverage. We work with your insurance advisors to ensure that your legal structures and insurance policies complement each other.
Why Choose Bouklas & Associates
- Proactive planning before claims arise — not reactive crisis management
- Sophisticated trust and entity structures tailored to your risk profile
- Coordination with your financial and insurance advisors
- Deep knowledge of New York exemption law and creditor rights
- Serving professionals, business owners, and high-net-worth families throughout New York
Schedule a Consultation
Protect your assets before a claim arises. Contact our office to schedule a confidential consultation with one of our wealth protection attorneys.