The Silent Erosion of Family Wealth
For most American families, wealth doesn’t vanish in one dramatic event. Instead, it erodes slowly, over time, through the hidden costs of long-term care, probate fees, and overlooked vulnerabilities in their financial plans. Errol Devon, an asset protection and fiduciary strategist, has made it his mission to shine a light on these silent risks and empower families to secure their wealth before it’s too late.
Take, for example, a story that hit close to home: a tech executive in her 40s, earning nearly $300,000 per year, moved back home to care for her aging mother. She managed everything, from medical appointments to paying the mortgage on the family home. With just three payments left before the house was paid off, her family’s future seemed secure. But then came the letter from Medicaid: a lien was being placed on the property to recover long-term care costs.
This situation, while shocking, is all too common in today’s financial landscape. Long-term care costs in the U.S. can range from $90,000 to $120,000 annually, and as families use their private funds to cover these expenses, Medicaid often becomes the payer of last resort. However, many families don’t realize that Medicaid has a recovery program that can target the home, the final piece of their financial legacy.
Errol Devon recognized the devastating effects of such financial traps and founded Legacy Professional Trustees, Inc. to offer proactive solutions for families and business owners alike. His firm provides advanced, institutional-grade asset protection strategies, focusing on securing wealth before it’s jeopardized by unforeseen risks.
The Need for Proactive Asset Protection
Devon’s approach stands apart from traditional estate planning. While many professionals focus on the paperwork, the creation of wills, revocable trusts, and other documents, Devon’s work is about building comprehensive, multi-layered structures that protect assets from long-term care exposure, creditor threats, and estate recovery.
His firm specializes in irrevocable trust frameworks and fiduciary structures traditionally reserved for the ultra-wealthy. However, Devon’s mission is to make these advanced strategies accessible to the broader middle class. Through proactive planning, he aims to level the playing field and help families who are at risk of losing their wealth without even knowing it.
Legacy Professional Trustees takes a hands-on approach, ensuring that families not only have the right documents in place but also the proper structures and strategies to safeguard their assets against future financial challenges. Devon’s focus on structural durability is what makes his firm unique. He doesn’t just aim to avoid probate or protect assets after the fact; he helps clients create frameworks that prevent wealth erosion in the first place.
A Shifting Landscape: The $80 Trillion Transfer
The need for such services has never been more urgent. The United States is on the verge of the largest intergenerational wealth transfer in history. An estimated $80 trillion is expected to pass from Baby Boomers to their heirs over the next two decades. However, this massive transfer of wealth is at risk of being undermined by the very systems meant to protect it.
Rising long-term care costs and the looming threat of Medicaid estate recovery are just two of the many threats that could strip away families’ legacies. Additionally, the costs of probate, which can range from 3% to 7% of an estate’s gross value, are often overlooked by those who believe that simply having a will or trust is enough to protect them.
Devon’s mission is clear: protect families before wealth is lost. By shifting the focus of estate planning from post-crisis management to proactive risk prevention, Legacy Professional Trustees is changing the way families approach financial security. Through education and personalized strategies, Devon is helping families understand the vulnerabilities they face and how to protect themselves before disaster strikes.
Award Recognition: Best Irrevocable Trust & Asset Architecture Strategist of 2026
Recently, Errol Devon received the prestigious title of Best Irrevocable Trust & Asset Architecture Strategist in the U.S. of 2026 by Best of Best Reviews. This honor highlights Devon’s innovative approach to asset protection and legacy planning, which has set him apart in a field traditionally reserved for ultra-high-net-worth families.
As the recognition emphasizes, Devon’s work is not just about creating documents—it’s about building lasting structures that preserve wealth for generations. The award further solidifies his reputation as a leading figure in the field, helping families secure their financial futures by addressing the systemic risks they face.
What Sets Legacy Professional Trustees Apart
Unlike traditional estate planners, who often rely on generic trust documents, Devon’s firm focuses on building robust, multi-faceted protection strategies. His team integrates irrevocable trusts, asset segregation, and fiduciary frameworks into a comprehensive approach that shields assets from a wide range of risks, including long-term care costs, Medicaid estate recovery, creditor claims, and probate.
“The real protection comes from how assets are structured,” says Devon. “Documents don’t protect families. Structures do.”
This perspective is what truly sets Legacy Professional Trustees apart. Devon doesn’t just offer asset protection strategies, he provides education and clarity, helping families understand the “why” behind the structures they put in place.
His firm’s focus on education is another key differentiator. Many estate planning professionals speak in legal jargon that can be difficult to understand, but Devon is committed to breaking down complex strategies into terms that anyone can grasp. He empowers his clients with the knowledge they need to make informed decisions about their financial future.
The Growing Urgency of Asset Protection
The conversation about asset protection in the U.S. is shifting. As the country faces rising healthcare costs, an aging population, and increasing probate fees, more families are realizing that having a trust or will in place isn’t enough. Structural durability, building strong, comprehensive protection plans, is becoming a necessity, not a luxury.
With long-term care costs rising and state-level Medicaid recovery programs in place, families can no longer afford to wait until a crisis occurs. Devon’s work is about more than just estate planning, it’s about ensuring that families don’t have to sacrifice their wealth for the sake of healthcare or governmental reimbursement.
“The conversation in America is shifting from how to grow wealth to how to keep it,” says Devon. “We’re at a pivotal moment in history. The wealth transfer happening now presents an unprecedented opportunity for families to protect their financial futures. But it’s also a critical time when asset protection is more important than ever.”
Your Legacy Deserves Protection: Take Action Now
The wealth you’ve worked so hard to build deserves protection. With Legacy Professional Trustees, Errol Devon offers proactive, institutional-level protection strategies that safeguard your assets and your family’s legacy for generations to come. Don’t wait until it’s too late to protect what matters most.
Take the first step today. Visit Legacy Professional Trustees to learn more about how you can secure your financial future with personalized asset protection strategies. You can also stay informed by following Errol Devon on Instagram.
