TRUSTS & ESTATES
Estate Planning
Estate planning is important regardless of your age or financial situation. It addresses the issue of who will handle your financial affairs and medical decision in the event you lose the capacity to do it yourself. It provides assurance that the needs of your young children will be met. It is the knowledge that your spouse will have adequate financial resources to live comfortably. Overall, estate planning is an activity meant to limit the financial disruption caused by incapacity or death.
Our firm is focused on helping you preserve your wealth and safeguard your assets. We will make sure your plan meets all your needs and that you have a full understanding of it. We offer a range of estate planning tools and legal services, including but not limited to the following:
- Revocable and Irrevocable Trusts
- Last Will and Testament
- Power of Attorney
- Healthcare Proxy
- Living Will
MEDICAID PLANNING
Medicaid is a joint federal and state program. It is not an entitlement program like Medicare, but rather a form of social support. Financial eligibility for Medicaid benefits is based upon the applicant’s assets and income. The requirements differ if a person is single or married, living in the community or in a nursing facility. Nursing home care is expensive and can wipe-out lifetime’s worth of savings. However, with proper and timely planning, and by utilizing honest methods and existing laws, Medicaid can cover the cost of nursing home care. Your assets can be preserved for you, your spouse or your children.
Medicaid laws are complex and are constantly changing. Our law firm has the experience and the expertise to help you avoid the financial ruin associated with the high cost of long-term care. We provide our clients with a thorough explanation of the laws related to Medicaid, as well as available options. Depending on your needs, we can assist you in developing legal strategies that will benefit both you and your family.
PROBATE and ESTATE ADMINISTRATION
When a loved one passes away, their assets often need to be accounted for and distributed through a court-managed process. If there is a will, it is usually offered to the court for probate by an individual named in the will as the executor. If there is no will, a close relative, typically a spouse or a child, petitions the court to be appointed as the administrator of the estate.
Probate and administration can be complicated and drawn-out processes, and no one wants to think about legal responsibilities while mourning the death of a loved one. This is where our expertise becomes invaluable.
Our firm possesses the necessary knowledge and expertise in probate and estate administration and will ensure that your loved one’s assets are distributed according to their exact wishes. We aim to simplify the legal proceedings for you, making the process as seamless and stress-free as possible. By entrusting us with these responsibilities, you can focus on honoring your loved one’s memory without the added burden of legal complexities.