Creative Estate Planning Solutions
Older people have some unique legal problems that require the advice and services of a lawyer. These include planning for long-term care, dealing with incapacity and preserving assets. The elderly and their adult children can benefit greatly from advanced estate planning, though this is not always possible.
We provide a complete range of elder law services, including:
- Wills and trusts
- Medicaid planning
- Estate and gift tax planning
- Retirement benefit planning
- Conservatorships and guardianships
- A living will detailing end-of-life care
- Power of attorney for business and financial affairs
- Power of attorney for health care decisions
- Supplemental or special needs trusts
- Other elder law issues and concerns
Medicaid Planning For Nursing Home Care
The cost of care in an assisted living facility or nursing home can quickly consume one’s life savings. With advance planning however, it is possible to preserve assets while qualifying for Medicaid, which can pay for care in a residential facility. However, there is a five-year look back period for asset transfers. Advance estate planning can provide many benefits, including the protection of assets and peace of mind.
Even if you do not have the option of the five-year Medicaid planning window, one of our lawyers can help. By creating a solution drawing upon private funds, veterans benefits and Medicaid, it may be possible to preserve assets and get your loved one the care he or she needs.
Estate Planning Lawyer Serving The Twin Cities
Contact our office today at 651-686-8800 to set up a free, no-obligation consultation. Our lawyers practice across the Twin Cities, including Dakota, Washington, Hennepin, Scott, Carver, Ramsey, Goodhue and Anoka counties, and in greater Minnesota.
