Estate and Medicaid Planning

Estate planning is much more than deciding who gets the house and who gets the jewelry when you die. It’s about securing your family’s future, and making sure your loved ones are taken care of if you are no longer around to watch over them.

It’s about making decisions on who will take care of your children if you are gone, and how your assets will be used for their benefit until they are old enough to handle them in a responsible manner. It’s about making sure your spouse won’t have to face financial pressures, or difficult, complex estate administration procedures during a period when they are least capable of doing so.

If you are a business owner, it is about making sure that your family realizes the financial benefits from the company you worked so hard to build. Whether that means coming up with a business succession plan to pass the company down to the next generation, or setting up a buy-sell agreement with your business partners, a good estate plan will help ensure that your goals are met.

In addition to providing for the orderly transfer of assets and winding up of your affairs upon death, a good estate plan will also provide for the management of your assets, and the making of your health care decisions in the event of your incapacitation. Without a power of attorney and health care representative appointment, your family will have to try and determine what you would have wanted while they go through the long, expensive process of establishing a guardianship for you.