Estate Planning (Wills/Trusts/Powers of Attorney)
Estate planning may involve creation of the will, trusts, beneficiary designations, powers of appointment, property ownership, durable financial power of attorney, durable medical power of attorney, and living will.
Estate and Trust Administration
An executor or administrator carries out the responsibilities of administration, including collection and preservation of the decedent’s assets, debt repayment, estate tax payment, and distribution of the estate to the decedent’s heirs.
Comprehensive Medicaid Planning
When an individual requires long-term care, he or she may need to rely on Medicaid to assist with the cost of care. There are provisions that can be made to protect the individual and/or the spouse.
Cohabitation and Pre and Post Nuptial Agreements
Pre and postnuptial agreements are can protect assets and income collected before and/or during a marriage. A legal document defines what is separate property, ensures they remain separate, and outlines the distribution of marital property.
If a situation arises when siblings or other family members disagree on how to handle a loved one’s care, an elder care mediator can help with conflict resolution.
Mediation for Guardianships and Conservatorships
A conservator or guardian may be granted authority by the court to make decisions and manage the affairs of an individual who is incapacitated in some way. This responsible party will likely need signed durable powers of attorney for financial and health care decisions.
Long Term Care Planning
Long-term care includes services that meet personal care needs such as bathing, dressing or eating. Long term care is not for medical needs, but daily activities.
Planning for Families of Persons with Disabilities
Special needs estate planning can help the family of an individual with a disability prepare for a time when caregivers will no longer be available to help.
Retirees face numerous tax planning issues such as Social Security benefits, pensions and retirement accounts. A professional can help take these factors into consideration to make the best decisions for your situation.