Proudly serving families, seniors, veterans and the disabled.
Founded in 2015 to better serve the elderly, Veterans and the disabled, we guide families through the challenges of estate planning, elder law, Veterans benefits and special needs planning. We also provide services in Probate and Estate Administration.
Estate Planning is a comprehensive process that addresses decision making of your assets and yourself in both life and death. Estate Planning often includes legal documents such as Last Will and Testament, a Trust, a Durable Power of Attorney, Healthcare Surrogate or Healthcare Proxy, and other Advanced Directives. Estate Planning also include asset protection planning.
Elder Law or Long-Term Care planning is a comprehensive approach to ensuring an aging client has capable decision makers, the appropriate care they require and that they can pay their health care and living expenses.
Elder Law can include, but is not limited to the following:
- Estate planning (wills and trusts)
- Incapacity Planning (durable power of attorney, health care surrogate)
- End of life planning (living will)
- Long Term Care/Medicaid Planning (Assisted Living and Nursing Home Medicaid)
- Veterans Benefits (Aid and Attendance)
- Probate and Estate Administration
Probate is a public court process that involves distributing your probate estate upon your death. If you have a last will and testament, it only controls assets that undergo this process. Generally, a last will is submitted to court, a personal representative is appointed, creditors are noticed, inventory filed, creditors are paid, final accountings are submitted and finally, beneficiaries receive their distributions before the personal representative is discharged.
Estate Administration involves assisting a family, primarily a Trustee or Personal Representative “Executor” in appropriately addressing each asset the decedent owned. This includes changing ownership on IRAs, 401(k)s, and Life Insurance to providing trust accountings and distributions to beneficiaries.
Special Needs planning involves planning for someone who is disabled in order to ensure their quality of life is maintained as best as possible. For some, the words ‘independence planning’ is a more appropriate term.
This type of planning is very challenging and rarely has a silver bullet solution.
Planning in this area often involves life insurance for working parents to fund a specific type of trust called a supplemental needs trust, in addition to a letter of intent that describes the disabled individuals weekly schedule, medication, likes, dislikes and more.
Not to be confused with supplemental needs trusts, which don’t involve payback provisions, special needs trusts are federal payback trusts designed to preserve benefits during a beneficiary’s lifetime. The funds are used to supplement and not supplant those benefits, thus maximizing the qualify of life for the beneficiary. Upon the beneficiary’s death, remaining funds are used to satisfy the State’s Medicaid lien.