Sign up now to receive AlerStallings Quarterly, a concise and convenient way to stay up to date on the latest strategies and happenings in Estate Planning and Elder Law. Each issue also includes a calendar of our upcoming events and other activities here at AlerStallings!

How an Irrevocable Trust can Protect Your Assets.

Many people worry about losing everything they have worked so hard for to the nursing home and the Medicaid "spend-down." They are often unaware that there are affordable legal instruments to help protect their assets. At AlerStallings, we use a unique tool to help people protect assets from the nursing home. As an added bonus, this tool also helps to avoid probate and capital gains tax.

How to Avoid a Court-Supervised Guardianship.

Many people are unaware of the financial issues that can arise when they or a loved one lose their mental abilities due to aging or disease. Without proper planning, a person may have to establish a court-supervised guardianship for their disabled relative in order to access their relative’s financial assets to pay for their care. Most people can avoid the cost and hassle of a court-supervised guardianship by putting in place documents such as durable powers of attorney and revocable living trusts before they lose their mental abilities.