Special Needs Trusts
Establishing special needs or supplemental needs trusts funded with the disabled person’s own funds or funded by family members, to provide for supplemental needs of disabled persons receiving Medicaid and/or SSI, without loss of benefits.
Advising clients to qualify for the maximum available Medicaid benefits, while preserving their home, retirement accounts, and other assets to the extent permitted under the law.
Advance planning to be sure assets pass to the next generation, despite Medicaid look back rules, and offers full service advance and “last minute” or “crisis” Medicaid planning for the person going into or already in a nursing home
Planning for care of a loved one when unforeseen events arise
Deciding who will handle financial matters and health care decisions if you no longer have capacity to do so, including
- Durable Power of Attorney
- Health Care Power of Attorney
- Living Will
Estate Planning and Administration
Completing a will and trust to designate how assets will be distributed, and by whom. This includes tax planning, business succession planning, maximizing wealth transfer to selected heirs, determining guardians for minor children, and charitable giving plans
Trust Planning and Administration
Advising on the use of revocable trusts to avoid probate, irrevocable trusts for asset preservation, and family trusts to preserve wealth for future generations
Long Term Care Planning
Advising on use of reverse mortgages, long term care insurance, personal care contracts, home care options, nursing home selection, elder care management referrals, financial management, care of aging loved ones, and consideration of conflicts between tax law and Medicaid planning
Public benefit eligibility, special needs trusts, letters of intent, and related issues of those with special needs