Of the many elder law issues, one of the most important is Alpharetta asset preservation planning, especially as health begins to deteriorate. A careful review of current and anticipated needs including incapacity combined with a frank discussion of finances will compare your Social Security benefits and Medicare benefits with realistic Alpharetta nursing home, assisted living costs as we explore possible health care, chronic care, and long-term care needs, whether residential or in a nursing home or ALF.
We can help you find extra funds, arranging special needs trusts for gifts, settlements, and other non-income funds, as well as planning for VA Aid & Attendance eligibility. When and if the time comes, advance Medicaid planning will protect your assets, minimizing your exposure to disqualification of benefit programs you are legally entitled to receive. We can show you how “spending down” doesn’t have to mean “broke” when protecting your assets so that they will last your lifetime and your spouse’s.
We’ll explain transfer penalties and their calculations, as well as the exceptions. If you incur a penalty, there are ways to undo the mistake, either partially or entirely.
Also recommended for prior arrangement is long term care planning. Purchasing the right insurance program gives you good choices when the time comes to move into a nursing home or assisted living facility.
Cumming GA Asset Preservation Plans
The Alpharetta asset preservation planning attorneys at the Teiger Law Center prepare wills, Power of Attorney documents and Advance Health Care Directives and specialize in all facets of estate planning and administration, including trusts and tax planning.
Appointing conservator/guardianship now will ensure that your wishes will be carried out when you are unable to speak for yourself. We’ll discuss Probate and ways to shield your loved ones from having to deal with it after you are gone. How and when to distribute assets will be addressed, as well as other end of life planning, including estate tax savings.
Elder Law Fulton County
Contact the Teiger Law Center today in Alpharetta and Cumming to discuss any of these elder law cares and concerns.
