Long-Range PlanningThe Stage Law Firm, LLP
Warwick Elder Law Long-Range Planning Attorneys
If you are an adult in your 50s or 60s, you may have begun to think about long-range planning and developing protection for assets in the future. There are a number of choices you have for planning, and learning your options is one of the first steps to take in determining a plan that is right for you.
The lawyers at The Stage Law Firm, LLP, will guide you through this legal process. We will provide competent and knowledgeable legal advice and act as your advocate at all times. Our team is committed to providing a high level of service for clients and will tailor legal services to meet your unique needs.
Taking initiative and determining a strategic approach to long-range planning are in your best interests. If you have significant assets, it is particularly important that you seek advice from a lawyer. The attorneys at our firm will take time to explain your options and advise of the best approach to take for your situation.
Part of the planning process includes a detailed discussion about lifetime gifting to family members. We will review the possibilities for charitable lead trusts and charitable remainder trusts, as well as review the federal and state gift tax regulations. Our goal is to help you effectively plan for the future and preserve your assets for family members.
Medicaid Asset Protection Trust
A Medicaid asset protection trust, also known as an irrevocable family trust is an exceptionally good tool that can be used to protect your assets from creditors later in life(including Medicaid possibilities). A trustee (usually an adult child) is named to manage the trust for other beneficiaries, while parents remain able to have control over the assets of the trust for a certain time period. Talk to a lawyer at our firm for more information or to establish an irrevocable family trust.
Contact an Orange County Lawyer for Medicaid Asset Protection Trust
To schedule a meeting with one of our Warwick elder law long-range planning lawyers, contact us at 845-986-1136.