- GuardianshipAdditionally, Attorney Nancy Busch can prepare legal documents to place someone in charge of that person’s finances should they become disabled and cannot take care of their financial responsibilities. Through a Durable Financial Power of Attorney an agent whom they select can be appointed for this purpose who can take over their financial affairs on a moment’s notice. Attorney Nancy Busch can also prepare a Healthcare Power of Attorney appointing the person of choice to make health care decisions if the person becomes incapacitated. If the individual becomes incapacitated and has no valid power of attorney, a guardianship proceeding can be instituted on their behalf.
- Medicaid PlanningQ: Many friends and professionals have advised me that once a loved one is admitted to a nursing home, it is too late to do Medicaid Planning. Is this true?
- Estate PlanningEstate planning is important for those who want to protect their assets from a nursing home, avoid federal and state taxes at death, protect their finances should they become disabled, either physically or mentally and need other persons to take care of their assets. People are concerned about what will happen to their estate before they die, or at the time of their death, if they, or their spouse, need to enter a nursing home, and receive Medicaid. An elder attorney can analyze their estate from different angles and can provide sound advice that may save that family thousands of dollars.
- WillsWe will help to put your affairs in order by drafting the important legal documents, such as wills, trusts, powers of attorneys and living wills. We can also help you make important decisions that will preserve your assets and organize your estate. Attorney Busch also helps clients secure Veterans benefits. Attorney Nancy K. Busch has the training, skills and expertise to counsel you through this process so that you will have peace of mind and the knowledge to know that your future is secure.
- TrustsThe significant drawbacks to most of these techniques is that they can result in unfavorable tax consequences, loss of control and/or insufficient incapacity planning. Furthermore, probate avoidance can be expensive since a living trust must be carefully drafted and funded. Often the costs involved can be as much as probate.
- Power of AttorneyMany people are unprepared to deal with the legal and financial consequences of a serious issue such as Alzheimer’s disease. Legal and medical experts recommend that financial and health care arrangements be examined as soon as possible, especially because persons may lose the ability to think clearly and participate in discussions. An elder law attorney can prepare basic legal documents, such as a will, power of attorney, living will, health care power of attorney and help develop a plan to protect assets.This will help to ensure that the person’s objectives are carried out. Advance planning can help to ensure that the person with Alzheimer’s and their family can clarify their wishes and make well-informed decisions about health care and financial arrangements.
- Probate