Our Goodlettsville elder law attorneys provide a wide range of legal services related to Medicaid (TennCare) planning, long-term care asset protection, special needs planning, nursing home issues, planning for incapacity, guardianship, conservatorships, probate, wills and trusts and general advice on improving quality of life for the elderly.
All seniors should be concerned about the protection and preservation of their assets during the later stages of their life. The statistics indicate that most people over age 65 will likely use institutional care, such as a nursing home, at some point in their lives. The costs of a single month of long term care in a Tennessee nursing home cost thousands of dollars and can very quickly consume a lifetime of hard-earned savings and other assets.
Many people have the misconception that in order to engage in family asset protection planning, they must have significant wealth. However, that is simply not the case. Regardless of a family’s financial status, we can help preserve their assets and protect their home so that there is an estate to pass along to their children and grandchildren.
As you or your loved one ages, it’s important to design a strategy for using current income and retirement assets in the most effective manner. Medicaid (TennCare) asset protection involves preparing a thorough plan tailored to each family’s specific circumstances and goals. It is equally important that the proper documents have been drafted in the event of prolonged illness or incompetency. During the planning process our Davidson County elder law lawyers work with our clients to help them understand and make decisions related to:
- The importance of having a properly drafted and executed Last Will & Testament;
- Use of trusts and other estate planning strategies in the context of applying for TennCare;
- Special needs planning for a minor or adult family member;
- Durable powers of attorney for finances and healthcare;
- Living Wills or other advance directives;
- Asset preservation using one or more of the approved spend down strategies that can be used to expedite the process of qualifying for long term care benefits;
- Guardianships including the selection and appointment of a legal guardian;
- Probate proceedings; and
- Conservatorships for elderly or disabled individuals.
Freeman & Bracey, PLC desires for our clients to obtain the highest quality of life they can while conserving their hard earned money, protecting the family home from being lost to repay nursing home bills, and making sure that financial and caregiving burdens are minimized for their family members.
Our Davidson County elder law attorneys work with our clients and their family to implement a comprehensive plan designed to provide the best quality of care regardless of the setting, secure financial independence of a well spouse, increase the potential of leaving an inheritance, and assure that final wishes are carried out per their direction.
Our firm’s expertise in the complicated process of applying and qualifying for long term care benefits helps reduce the anxiety that often accompanies the issues family members experience when faced with the daunting task of navigating the Medicaid maze. And, through proper planning, client education, decision making support, and development of a variety of legal documents, our services give our clients peace of mind during one of life’s most challenging times.