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The Potter Law Firm

North Carolina and Kentucky Estate Planning Attorneys

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Home » Estate Planning » Asset Ownership

What Is a Limited Liability Company?

April 5, 2019 by John Potter

Asset protection can be a concern if you are the owner of a business or a professional practice. There are always litigious types out there who look for successful people to target so you have to be vigilant and take the right steps to protect what you have earned. Many different types of business owners could be targeted by litigants, but people who are in certain lines of work are more vulnerable than others. If you are in one of these high-risk professions (think medical, pharmaceutical, … [Read more...] about What Is a Limited Liability Company?

Filed Under: Asset Ownership

If You Don’t Understand the Medicaid Look-Back Rule You May Be in Trouble

June 5, 2018 by John Potter

Ashland Medicaid attorneys

Medicaid places certain limitations on the amount of financial resources you own, as well as how and when you can transfer assets from your estate to someone else. Long-term care costs are often too expensive for most people and they are continuing to increase every year. Currently, the national average cost, for a year of nursing home care, exceeds $90,000. For this, and many other reasons, Medicaid planning is important for everyone.  Our Ashland Medicaid attorneys can advise you regarding the … [Read more...] about If You Don’t Understand the Medicaid Look-Back Rule You May Be in Trouble

Filed Under: Asset Ownership, Asset Protection Planning, Elder Law, Estate Planning, Long Term Care, Long-Term Planning, Medicaid, Trusts

Is Joint Tenancy a Good Fit for Me?

June 24, 2011 by John Potter

If you’re taking a look at your asset ownership when creating your estate plan, you may be considering using joint tenancy as a way to own certain assets.  This can be beneficial in many cases, but it has many pitfalls.  We’ve outlined below some information on the use of joint ownership.  If you have any questions, or if you’d like to discuss how joint ownership would affect your estate plan, meet with an estate planning attorney. What is joint tenancy? Joint tenancy is a form of ownership in … [Read more...] about Is Joint Tenancy a Good Fit for Me?

Filed Under: Asset Ownership, Probate Tagged With: Asset Protection, Inheritance Planning, Joint Tenancy, Probate Avoidance, Proper Asset Ownership

Why You Really Don’t Want to Jointly Own Property

May 9, 2011 by John Potter

The pitfalls of jointly owned property are horrendous.  It is likely that the best way to own your property is in your revocable living trust; but, consult with a qualified estate planning attorney to be sure.  There are times when tenancy by the entirties property may be worth the perils as long as you consider the costs and benefits when planning. If you own property jointly with your spouse, the property will go to your spouse outright immediately, and by operation of law, upon your … [Read more...] about Why You Really Don’t Want to Jointly Own Property

Filed Under: Asset Ownership Tagged With: Asset Owenership, Estate Planning

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Testimonials

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Overall The Potter Firm was very professional. They took what could of been a very complicated process and were able to break it down so it was a lot easier to understand. We are confident we now have made the right decisions in our estate planning. Good firm to work with.

DKS & KMS Client Review August 28, 2020

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John Potter has been a real pleasure to work with. He is very knowledgeable and explains things in a very simplistic manner so the average person can understand how/why the laws are written. He is very attentive and asks questions in such a way that not only helps him understand your goals, but also helps you think about what type of goals and expectations you should be considering. Exemplary client service.

David J. Client Review August 28, 2020

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My husband and I selected Ms. Potter to assist with our small business. She responsive and attentive every time I have a question or need assistance, and is extremely knowledgeable and able to answer any legal question I have had. I know I can count on Ms. Potter for all of my business legal needs and I would highly recommend her to anyone needing legal assistance with such.

Jillian Client Review August 28, 2020

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Where We Are

Ashland

ASHLAND
1620 Carter Avenue
Ashland, KY 41101-7631
Phone: (606) 324-5516
Fax: (606) 324-4766

Charlotte

CHARLOTTE
15720 Brixham Hill Avenue
Suite 300,
Charlotte, NC 28277
Phone: (704) 944-3245

Huntersville

HUNTERSVILLE
11330 Vanstory Drive
Huntersville, NC 28078
Phone: (704) 944-3245

Northern Kentucky

NORTHERN KENTUCKY
7310 Turfway Road
Suite 550,
Florence, KY 41042
Phone: (859) 372-6655

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Monday8:30 AM - 4:30 PM
Tuesday8:30 AM - 4:30 PM
Wednesday8:30 AM - 4:30 PM
Thursday8:30 AM - 4:30 PM
Friday8:30 AM - 3:00 PM

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