Estate Planning & Probate
An estate plan may be the last thing on your mind, especially if you’re young. Our focus, rightfully, is in the present moment. So we hesitate to think about how our family will fare in the case of an emergency or accident.
Estate plans are not just for the ultra wealthy. They are for anyone that has assets (no matter how modest) or loved ones to think about. An estate plan is essentially an instruction manual for your belongings and family in the event of your passing or in the case you become disabled. Without it, the state decides who or what takes control of your assets.
Probate happens after the fact. It’s the court process of recognizing a person’s death and ensuring the correct distribution of assets. The person who is named the “executor” or “personal representative” of a will needs to file for probate. An experienced lawyer can make the process as seamless as possible.
Regardless of what stage of life you’re at, estate planning is a wise choice to give you peace of mind. And if you’re on the receiving end of an estate plan, filing for probate can be a dizzying task. Luckily, the legal team at Whitney Thompson Law guides you through every step.
Estate Planning vs. Legal Wills
Understandably, many people wonder if estate planning involves simply creating a will. While a will is an important document to have under your belt, estate planning is more extensive. A will is just one part of the puzzle.
- Who carries out your will
- Who inherits your assets and when they’ll receive them
- Who will be the guardian of any underage children
In the event that you become disabled or pass away, an estate plan can:
- Designate who gets your belongings
- Provide instructions for your care if you are disabled
- Add life insurance for your family
- Designate trust funds for loved ones
The best option is to take your estate in your own hands. You’ll gain the certainty and clarity of knowing your family will be cared for and your assets will go where you want them to.
Reach out to us today for a consultation on your estate planning and probate case.
Special Needs Planning
An estate plan for your special needs child must cover their future so they can be cared for when you’re not there. Note that not all special needs children will need someone else to make decisions for them. But in the case that your child does, we can help you:
- Maximize the government resources and benefits your child can receive
- Create a Special Needs trust
- Put together an inheritance that will help pay for their future medical expenses
- Designate guardianship when your child turns 18
For help planning your child’s future, contact our office today.
If you’re concerned for the health of elderly parents or relatives, it’s important to plan out their short-term and long-term care. Planning for disability or End-of-Life care can seem like a negative conversation but it is necessary in the case that an elderly person becomes incapacitated or terminally ill. We can help arrange:
- Advanced medical directives
- Hospice care
- Nursing home or assisted living care
- Pain and symptom management
- Life support wishes
- Asset protection
- Wealth management
- Government resources and benefits for help in paying medical expenses
Consult our legal team today for questions about elder law.
Is your family member looking for long-term care or treatment? Are you concerned about depleting assets to pay for care? Medicaid is a viable option. To be eligible, however, you must fall under a particular income and asset level.
Whether you need crisis planning for medicaid or proactive planning for future medicaid utilization, our office can assist. Reach out to our legal team today for help determining eligibility and taking the actions to receive Medicaid.