Aging is a fact of life and getting older brings many opportunities and challenges. As you move toward your golden years, it is important to take steps to protect and secure your future. It is also essential that you protect the money and assets you need for a comfortable retirement. This protection can help you leave a legacy for your family and loved ones.
The Charlottesville elder law attorneys at MartinWren, P.C. help seniors and their families create a comprehensive plan to address all the issues that come with aging. We have extensive experience in the areas of law that matter most to seniors, and we put that legal experience to work to ensure clients’ affairs are in order.
In our elder law practice, our attorneys use a variety of legal tools and techniques to respond to the needs of clients. Our goal is to create a comprehensive plan that empowers seniors and helps them accomplish all of their objectives for the future.
What Can an Elder Law Lawyer Do For You?
Many issues arise with advancing age. As a result, elder law is a broad area of practice. The needs of the individual client dictate the role that a lawyer will play. Our elder law attorneys handle a range of legal issues that seniors in Charlottesville and throughout Virginia face. Some of the services our lawyers provide to seniors include:
- Medicaid Planning: Medicaid can cover medical bills and the cost of long-term care. However, income limits exist and you cannot give away assets to qualify for Medicaid. Medicaid imposes a five-year look back period and a transfer of assets can temporarily disqualify you from receiving coverage. Our attorneys use a comprehensive array of techniques, including the creation of trusts, to protect and preserve your assets.
- Powers of Attorney: A power of attorney ensures that the right person will make decisions and act on your behalf if you are no longer able to manage your interests. Our attorneys can help you select an agent and create a durable power of attorney.
- Estate Planning: Passing money and assets on to heirs can have tax consequences. Estate planning minimizes the money your heirs must pay.
- Wills and Trusts: Wills and trusts can be used to dictate how money and assets are transferred after death. Our experienced attorneys advise clients on which solutions are right for them and manage the drafting of wills and the creation of trusts, including special needs trusts.
- Advanced Medical Directives: Advanced medical directives take the pressure off your family if you become seriously ill. This paperwork ensures that your wishes are carried out in the case of a medical emergency.
- Probate: Probate is the process of distributing a deceased’s assets after death. Our attorneys are familiar with state law and how the probate court works. We can help guide you through the process.
These are just some of the elder law services that we provide to clients. Contact MartinWren, P.C. by calling (434) 817-3100 to learn more about how we can help you secure your future and protect your legacy.