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The Potter Law Firm
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Planning For a Child With Special Needs - Any family that cares for a child with special needs must consider special needs planning as a part of their overall estate plan. Why? Because someone has to be able to take care of that child in the event of the parents’ death. A special needs trust can be just the solution you’re looking for. […] The post Planning For a Child With Special Needs appeared first on The Potter Law Firm.
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Pros and Cons of Revocable vs Irrevocable Trusts - For many people, the choice between an irrevocable trust and a revocable trust comes down to a matter of asset control. The truth is that there are some clear differences in benefits that should also be considered. Trusts have been around for a very long time, but they’ve only really begun to gain mainstream acceptance […] The post Pros and Cons of Revocable vs Irrevocable Trusts appeared first on The Potter Law Firm.
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What is Considered a Countable Asset for Medicaid? - When you have been fully capable throughout your life, the concept of long-term care can seem alien to you. This may be especially true if you have taken good care of your health throughout your life. You could assume that it is unlikely that you ever need long-term care, but cannot overlook the costs of […] The post What is Considered a Countable Asset for Medicaid? appeared first on The Potter Law Firm.
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What if I Can’t Afford Nursing Home Care? - Do you have a plan in place to deal with the high costs of any future nursing home care? If not, then you need to discover how a Medicaid lawyer can help you protect yourself and your interests. We often hear about how important it is to prepare for the future. Whether it is business […] The post What if I Can’t Afford Nursing Home Care? appeared first on The Potter Law Firm.
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How Does a Veteran Qualify for Aid & Attendance? - If you are a wartime veteran who has 90 days of active duty, one day of that time beginning or ending during a period of war, you may be eligible for Veterans Aid & Attendance benefits.  A surviving spouse who was married at the time of the veteran’s death may also be eligible for these […] The post How Does a Veteran Qualify for Aid & Attendance? appeared first on The Potter Law Firm.
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Why is it Important to Have an Estate Plan? - We all know that passing away is one of the two certainties of life, but in spite of this, the majority of American adults are not properly prepared from an estate planning perspective. A lot of people fail to act because they really don’t know why estate planning is important. There are several things you […] The post Why is it Important to Have an Estate Plan? appeared first on The Potter Law Firm.
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Revocable Trust vs Will: Which is Better? - Although most people equate estate planning with simply creating a last will and testament, a will is not always the best choice.  If you use a will to state your final wishes, your heirs will receive lump-sum inheritances. However, everyone is not good at managing money, and this can be disconcerting. Let our attorneys explain […] The post Revocable Trust vs Will: Which is Better? appeared first on The Potter Law Firm.
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Charlotte elder law attorneys Discuss an Important Medicaid Rule - Long-term care costs are exorbitant, and they are going up all the time. At present, the national average cost for a year in a nursing home is more than $90,000, so the thought of ever-increasing costs is not a very pleasant one as you are looking ahead toward the future. For this, and many other […] The post Charlotte elder law attorneys Discuss an Important Medicaid Rule appeared first on The Potter Law Firm.
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Understanding the Basics of the Probate Process - Our Ashland probate lawyers understand that the probate process can be very confusing, especially if you have no court experience. But, before you begin to create your estate plan, it would be very helpful to have at least a basic knowledge of how the probate process works. That way you will better understand the effect […] The post Understanding the Basics of the Probate Process appeared first on The Potter Law Firm.
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Will Medicaid Protect My Spouse? - Under the rules of the Medicaid program, most of the income that is due to the institutionalized spouse must be used to help defray their long-term care costs. However, there are ways to protect assets for the healthy spouse, so discuss your options with our Charlotte Medicaid lawyers. If your spouse is applying for Medicaid […] The post Will Medicaid Protect My Spouse? appeared first on The Potter Law Firm.
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