Elder & Disability Planning

Kurt Holloway and Thomas Hoffman

Whether you are a younger person helping an aging parent or a more mature person planning for your own future we can counsel and assist you with your elder planning needs.

Often clients will ask what planning can and should be done to protect themselves and their family financially. The answer will most often be to prepare or review your Will, Financial Power of Attorney, and Advance Health Care Directive (also known as Healthcare Power of Attorney and Living Will).  All of these are important planning documents.

A Financial Power of Attorney will assure that someone you have chosen will manage your finances if you are not able. We have developed a helpful Power of Attorney Guide to help you decide who your agent should be and what authority to give your agent.

An Advance Health Care Directive will designate who will make health care decisions for you if you are not able. It also contains provisions that address what type of care you wish to receive at the end of your life.  It is very difficult for family to make end of life decisions for a loved one when his or her wishes are unknown. We have developed a very understandable Advanced Health Care Directive Guide which will help you consider your choices and document your wishes.

We can explain the Medicaid application process and its effect on your estate plan. When you need help in preparing the Medicaid application or the Community Spouse Resource Assessment (CSRA) we can assist you. You need to know how best to organize your financial affairs well before the application process begins, what can be done after. We will help you decide if any asset transfers are prudent or allowable. When applicable, family care giver agreements are important as well as proper records order to stay in compliance with the Medicaid requirements.

We can also explain the guardianship process to those families facing that situation. If your loved one needs a guardian, we can counsel and represent you through the process.

It is important to begin your planning now. Too often, people delay which can cause significant emotional distress on others and financial expense.