An Estate Plan ensures that your family is protected and your financial goals are met both during your lifetime and after your death. Regardless of your net worth, it is important to have an Estate Plan in place. Thoughtful and thorough planning is crucial to guarantee that your Estate Plan works for you.
Because circumstances are always changing, it is necessary to review your Estate Plan with your attorney every few years. There have been many changes in the law and in your life over the last two decades. Have you moved to Tennessee from another state? Have you lost a spouse, retired, or remarried? Do you now have grandchildren or great-grandchildren you did not include in your planning? If you had a Last Will and Testament and Power of Attorney drawn up twenty years ago, they are due to be dusted off and updated. Elder Law of East Tennessee can help you take stock of your assets and create the personal long term plan that is right for you.
An Asset Protection Plan includes all the components of the Estate Plan plus a written plan addressing how to collect public resources such as Veterans Aid and Attendance, Nursing Home Medicaid, or CHOICES. These public resources can pay for long term care in a nursing home, in an assisted living facility, or in the home. With an Asset Protection Plan, enjoy welcome comfort knowing how long your money will last and how to best supplement your own funds with benefits like Veterans Aid and Attendance or CHOICES.
Caregiving and planning for a future that includes the long-term care of an elder is overwhelming, often draining the whole family's time, energy, and resources. Navigating the spectrum of choices can feel like a chore. Without expert guidance, many families of elder adults agonize over decisions and worry about how they will finance long-term care. Meanwhile, the elder suffers from inadequate care and feels like a burden on his or her loved ones.
But it doesn't have to be this way.
With our Life Care Planning approach, we lift burdens and give our clients the information and education they need to choose wisely among care options. We also ease the fears of clients and families about the financial consequences of long-term care. A Life Care Plan offers assurances and restores peace of mind for the whole family.
Making decisions about the care an elder or disabled family member will receive as he or she ages is a daunting task for all involved. In many families, conflicts ignite as family members are faced with making these difficult and often emotional decisions. Differing opinions about the best and most cost-effective long-term care plan can lead to tension within the family, arguments, and worst of all, failure to deliver the services that could maximize the elder's comfort and quality of life.
When faced with providing care for individuals who suffer from severe mental illness, advanced forms of dementia, or grave physical or developmental disabilities, some families and friends find that their loved ones are not capable of making good decisions for themselves. Family members or friends may be in a difficult position because their disabled or ill loved one is unable to manage his or her own life, yet he or she refuses to take the steps necessary to turn over legal, financial, and health care decisions to a more able person. In this situation, an individual may choose to pursue Conservatorship for his or her loved one.
Making decisions about the care an elder or disabled family member will receive as he or she ages is a daunting task for all involved. In many families, conflicts ignite as family members are faced with making these difficult and often emotional decisions. Differing opinions about the best and most cost-effective long-term care plan can lead to tension within the family, arguments, and worst of all, failure to deliver the services that could maximize the elder's comfort and quality of life.
When faced with providing care for individuals who suffer from severe mental illness, advanced forms of dementia, or grave physical or developmental disabilities, some families and friends find that their loved ones are not capable of making good decisions for themselves. Family members or friends may be in a difficult position because their disabled or ill loved one is unable to manage his or her own life, yet he or she refuses to take the steps necessary to turn over legal, financial, and health care decisions to a more able person. In this situation, an individual may choose to pursue Conservatorship for his or her loved one.