If you want to have any control over the distribution of your property after you die, you must have an executed will. A simple will is the least expensive option for those who do not have large or complicated estates. We include provisions for minor child guardians, and can even include visitation recommendations for non-custodial family members.
For those with larger or more complex estates, you may need a will that can navigate the potential statutory and tax consequences so that you have as much control over your property as the law allows.
A Power of Attorney is necessary to give another person the power to make financial or personal decisions on your behalf. These documents can range from Specific Powers of Attorney, which are limited to a specific purpose such as changing the title to a car, to Durable General Powers of Attorney, which grant the agent the full ability to act in any way the Grantor could. Although a Power of Attorney will survive the Grantor’s incapacity, they immediately expire upon the Grantor’s death.
A Medical Directive and Healthcare Surrogacy document gives you the ability to decide in advance what life-prolonging procedures you desire in case of a terminal diagnosis, as well as the ability to appoint another person to make decisions on your behalf if you are incapacitated. Although you can find free documents online, it is important that you understand the legal consequences of the document you sign, as hospitals are required to act according to the executed document.
A trust is a document that protects your assets and funnels them to beneficiaries of your choosing, whether yourself or another person. There are many options for trust creation and execution, and you should consult an Estate Planning attorney to determine what type of trust best suits your individual needs.
Medicaid is the government social healthcare system for low-income families and individuals. Because the Medicaid system utilizes a “look-back period” for determinations of income and resources, Medicaid planning should be completed well before the need arises. Call today to begin your completely personalized Medicaid Planning, whether in advance or for immediate crisis planning.
For individuals with special needs, a standard trust may fall short. Because every situation is different, you should consult an attorney experienced in special needs trusts to determine the best setup to protect yourself or your loved ones.
Only VA-accredited attorneys may counsel veterans regarding their benefits. We can help you determine what benefits you may qualify for, how to obtain those benefits, and how to apply for benefits alongside Medicaid.
When you or a loved one needs to apply for Medicaid benefits, time is critical. We can help you protect assets from being completely depleted prior to and during the application process. We can work with your financial planner, CPA or other professionals to remove the emotional burden of financial concerns.