Elder Law & Medicaid Planning
Mid-South Estate Planning and Probate Lawyer
Attorney J. Anthony Bradley has more than twenty years experience in assisting individuals and families with their estate planning and wealth planning. Every adult in America needs some type of estate planning, whether in the form of a simple will or a document with more complex tax planning provisions. As an experienced Elder Law attorney, he can help you protect your interests and your family through solid estate planning.
At The Bradley Law Firm, we don’t try to oversell our services or create generic documents. Rather, we will custom-tailor a solution specific to your needs. In addition, we strive to remain readily accessible and responsive to every client.
You probably have questions about the following topics. We can help you find the answers that are right for you.
Wills and Trusts – through the use of a Living Trust or Last Will and Testament, you may plan for the future and enjoy peace of mind knowing that your wishes will be carried out according to your design
Durable Powers of Attorney – you can authorize another individual to make financial or medical decisions if you become too ill to make those decisions on your own behalf
Tax Planning – estate, inheritance, and gift tax planning can help you ensure that your wishes are complied with and that your loved ones are provided for
Family Limited Partnership (FLP) – a limited partnership created to manage and control jointly-owned family property
QTIP – a Qualified Terminable Interest Property trust that instructs how your spouse will distribute your remaining assets after your death
QDOT – a Qualified Domestic Trust permits a non-citizen spouse to qualify for the marital deduction
Planning for Pets – ensure that your beloved animals are properly cared for
Elder Law – plan for Medicare eligibility and preserve your personal assets
Planning for Minors/Guardianships – establishing a guardianship authorizes a designated adult to make decisions on behalf of a minor or incompetent person
With extensive estate planning experience, attorney J. Anthony Bradley has the background and knowledge to ensure your estate plan is done correctly.
Contact The Bradley Law Firm, PLLC to discuss your Estate Planning and Probate needs and please feel free to fill out our Estate Planning Questionnaire.
Related Area: VA Aid and Attendance Pension Planning
The high cost of long-term care has made planning a critically important issue for most middle class seniors and their families. In fact, most seniors will likely require some form of long-term care. Sadly, many of them are unprepared for the significant financial burdens it places on their family’s hard earned savings.
Financial devastation looms large for a family facing ongoing care at a rate of $10,000 or more per month.
In 2012, 21 million people required long-term care services. About 70 percent of people over age 65 require some type of long-term care services during their lifetime. Since there is a good chance that you might need long-term care services at some point, it is important to explore your options and plan ahead.
People often put off planning for long-term care because they do not want to think about a time when they might need it. Most people first learn about long-term care when they or a loved one needs care. However, if you wait until you need services to start planning, your options may be limited. You may not be able to find the information you need to make decisions. You may not have the money you need to pay for the services you want. Or you may have to rely on your family or others to make decisions for you.
This section of the website explains the importance of planning ahead and details personal and financial planning steps. It also includes important housing considerations and legal issues to weigh when planning for long-term care.
The Importance of Planning
Long-Term Care Options While some seniors are able to afford private pay care, the cost of long-term care will wipe out savings of all but the wealthiest families in a matter of years. Those who have planned ahead by purchasing long-term care insurance have a degree of certainty and peace of mind, knowing that they have a lesser need to rely on other sources in the future. Unfortunately, many can’t afford the high cost of long term care insurance or worse, because of age of medical condition cannot qualify for long term care insurance altogether. If you do have long-term care insurance, you should be aware of what your policy covers. Many policies have high deductibles or provide for only a short period of care in facility. In fact, many who have long-term care insurance still have to resort to Medicaid to pay for their care.