Complicated Legal Issues Confront Seniors

We will help you plan for events that happen as you and your parents grow older.

Legal issues facing seniors:

  • Protection and preservation of assets from catastrophic nursing home costs - statistics show that most seniors will use institutional care (i.e. Nursing home care) during their lifetimes
  • Medicaid planning to lessen countable assets and qualify sooner for benefits
  • Tax considerations for income tax, capital gains and gift tax
  • VA benefits that may be available to veterans and their surviving spouses

Watch Needs As We Age Video

Where to Start with Elder Planning

Estate planning, trusts, government benefits, guardianships and conservators

Many adults care for their parents in some way, and for some this includes financial responsibility. There are many options we can discuss with you including:

  • Setting up a Living Trust
  • Planning for a trust administrator in the event of your death
  • Planning for elder care, in-home or live-in care or nursing home

It is ideal to work with an experienced elder law attorney and Hargrove Traughber can ensure that all your needs are met in this area. Including: positioning your assets for Medicaid eligibility, review all important estate planning documents such as wills, trusts and powers of attorney, protection review for all assets, long-term care insurance review.

Watch Elder Care Video

We know how to ensure proper administration


 

We work with the elderly and their families.

We are familiar with the challenges faced and resources available.