Later in life, your children have grown and have their own families. You may be retired or getting close and thinking about updating your estate plan. It may contain a trust to protect assets like your primary residence and other valuable property you’ve earned over a lifetime. But you’re beginning to think about what will happen to those assets if you become incapacitated and need long-term health services, guardianship, or end-of-life care before you die.
Making the right decisions for the people you love requires education and information about what your family would experience if you faced extended long-term care needs. Preparing for these costs can help preserve your money, assets, and income for potential long-term care services while you are still living, not just asset distribution and tax advantages for family members after your death. You may also want to learn more about the rights of senior citizens so you don’t become a victim of fraud, neglect, or abuse.
If you or a loved one are making financial decisions on behalf of a senior, you may be unaware of complex laws that have unintended legal consequences. An experienced elder law attorney can help you navigate long-term care costs without jeopardizing assets or eligibility for Medicaid, Veterans’ Benefits, and other government assistance programs.
The Law Office of Keith R. Miles, LLC was founded in 2008 and serves clients throughout Georgia and North Carolina. The firm focuses on holistic legacy planning and elder law for individuals and families – both traditional and “blended.”
Because our clients may have minor children while also caring for aging parents, we handle complex elder law issues such as long-term care planning, Medicaid planning, and special needs planning.
Contact us to start your will- or trust-based legacy plan today!