If you do not have a plan for your estate then the estate will go into probate. The most basic form of estate planning is a will, but depending on care needs it may be more complicated than that. Many with assets that exceed the resource limits for ALTCS/Medicaid or VA Pension would like to utilize those resources to help cover the cost of their care in the future, but would also like to gift the majority of their estate to family, friends or an organization near and dear to them. This is where proper estate planning makes all the difference.
We’ve worked with a number of local attorneys who specialize in all things related to Elderlaw. Services like a basic will could cost as little as a few hundred dollars and services like ALTC’s or VA benefits estate planning could cost $10,000 or more depending upon the attorney selected. Based upon our experience we are able to refer legal professionals who can deliver the results you need at a cost that makes sense.
If you need any estate planning help please reach out to your Care Advocate.