FREQUENTLY ASKED QUESTIONS
Frequently Asked Questions About Life in Retirement
You can ensure your assets are protected by setting up trusts, which can be easily done when you have a knowledgeable expert to guide you in the process.
Make sure your legal documents are in order, and you have made arrangements to cover long term care expenses.
Get them to meet with an elder law attorney like us. They will listen to a professional in a way they won’t listen to their own children.
You may qualify for a benefit called Aid and Attendance that pays for long term care expenses for veterans and widows of veterans who served during war time. We are able to help you find out if you qualify.
Ideally you want to start thinking about the planning stages in your early 50s, but anyone from the age of 50 to 65 would fall into this category.
You can ensure your assets are protected by setting up trusts, which can be easily done when you have a knowledgeable expert to guide you in the process.
We can create a trust for your spouse to pay income for life, and have the ability to spend principal for health and support, but the assets remaining at the time of your spouse’s death will go to your children.
You shouldn’t have to! This is why you need an expert who is willing to take the time to look closely at all areas of your life, to help you understand what will best serve your needs. It is important to us to take the time needed to understand our client’s needs and recommend the legal tools that will serve those needs. We take the time to explain all of our plans extensively so you have the peace of mind of knowing exactly what measures we are putting into place.
Frequently Asked Questions About Families in Transition
You can create a trust to provide income to your spouse for life, with the ability to spend principal if needed for health and support, but at your spouse’s death, the assets will go to your children.
You can create a trust for your children, with a family member, friend, or professional as trustee. Your trust can say that no funds are to be paid to your ex, even if your ex has custody.
A person with special needs who is receiving government benefits, or who might be eligible in the future, will immediately lose those benefits if there is an inheritance. You can make sure your child still qualifies for government benefits by leaving the inheritance in a trust called a “special needs” or “supplemental needs trust.” Read more on how we can help you with a special needs trust here.
The way to protect assets for a beneficiary who has mental health issues or addictions is through a trust, with someone else managing the assets. If you are estranged from a child, and want to disinherit that child, it is important to avoid probate and pass your assets through a trust. If you are concerned that your child may divorce, and don’t want the ex in law to walk away with half of what you’ve left to your child, you can protect your child’s inheritance through a trust.