About Estate Planning.
Ross & Shoalmire’s sophisticated estate and family wealth planning practice focuses on maximum conservation and protection of our clients’ estates and related assets – with minimum tax and other adverse consequences.
We handle the administration of trusts, estates and other related family entities, the drafting of wills and estate plans, and the creation of succession plans for privately owned businesses.
In all such transactions, our expertise includes sophisticated structuring of alternatives involving taxes, generation-skipping issues and redirection of legal liability risks.
- Family entities
- Drafting of wills and estate plans
- Creation of succession plans
About Medicaid Planning.
Medicaid pays almost the entire cost of nursing home care for those who qualify.
Regulations pertaining to the eligibility are complex and confusing and many people do not know what to do.
They think that they must spend down their assets or purchase an annuity.
These actions are often unnecessary.
For couples with only one spouse in a nursing home, there are significant financial protections for the spouse who remains at home…
- Income Rules
- Countable Assets
- Protected Resources
- Estate Recovery
Power Of Attorney
About Power Of Attorney.
A durable power of attorney (POA) is one of the most important and powerful legal documents that everyone should have as part of their estate plan.
If you should become mentally incapacitated or physically disabled, it allows you to appoint someone to take control of your financial affairs that you usually take care of yourself, and eliminates the necessity of a guardianship or conservatorship.
This document allows your attorney-in-fact (your agent) to handle your affairs without the necessity of formal guardianship proceedings, thereby saving expenses and emotional energy, and retaining privacy.
- General Durable Power of Attorney
- Medical Power of Attorney
- HIPAA Release
- Living Will
- 24/7 Access
About Probate Law.
Probate does not have to be a scary, time consuming or expensive process.
Since our firm focuses entirely on Estate Planning and Elder law, we can help you navigate the probate process with little headache or maybe avoid it altogether.
During that process, we can often find ways to protect assets and save the estate money by utilizing our knowledge of probate law to your benefit.
- What is Probate
- Executor v. Administrator
- Will contests
At Ross & Shoalmire, we assist families and corporate guardians throughout the guardianship process.
Whether you need to be appointed as guardian to properly care for a loved on or you need assistance with the preparation of annual accountings or the creation of guardianship management trusts, our attorneys have the knowledge and experience to guide you through every step of the process.
- Adult Guardianship
- Serving As The Guardian
- Alternatives to Guardianship
- How YOU Can Help
About Veteran's Benefits.
The most commonly overlooked VA benefit is called the “Aid and Attendance” benefit.
Of the people who have heard of this benefit, many have been incorrectly told that they do not qualify.
The reality is, this benefit is available to many veterans and their spouses and can prove to be a lifesaver when times get tough.
In order to qualify for the VA Aid and Attendance benefit, the veteran must have served at least ninety (90) days of active duty. Of those ninety days, at least one of the days must have been during a designated period of war.
This does not mean that the veteran had to have serve in combat.
It is merely a requirement that the veteran’s service occurred during one of the periods of time where the United States had declared war.
- Aid And Attendance Benefit
- The Wartime Veteran's Spouse
- Monthly Income And Net Worth Requirements
- What's the Fuss?
- The Difference Between Life And Death
Special Needs Trusts
About Special Needs Trusts.
If someone with special needs depends on you to care for them, you must plan for the day when you cannot be their caregiver.
A Special Needs Trust can hold assets for the benefit of the disabled individual.
- What is a trust?
- Two Types of Special Needs Trust
- Setting Up a Trust
- Funding the Trust