Protecting Your Assets And Planning For Your Future
Elder law refers to legal matters and strategic planning for the elderly regarding incapacity, long-term care and eligibility for Medicaid benefits. It also involves addressing the problems associated with the disposition of your estate when you die. With the help of a Seguin elder law attorney, you can preserve many of your assets for yourself and your family while avoiding estate recovery claims and creditors and still qualify for Medicaid benefits.
At Kolb & Murray, P.C., you can seek sound advice from Kevin Kolb on how to manage your estate and plan for Medicaid when you or your loved one enters a nursing home. Planning well in advance for this time is essential, making it easier to protect many of your assets and plan for how you will give them to your family.
A Personalized Approach To Elder Law
Kevin sits down with you to review your current financial situation. He explains the different classifications of income and assets, and how they apply to Medicaid qualification. He helps you understand the consequences of gifting to family members and how that can benefit you or detract from your overall situation.
Kevin can also help with other necessary estate planning services, such as having an advance medical directive and declaration of guardian in place so your family knows your wishes if you become incapacitated. He explains all your options so you can make informed decisions.
Medicaid Planning Attorney Serving Clients In Schertz, Seguin, and Guadalupe County
Paying for end-of-life care in Texas can be expensive. Many people do not have the resources to cover their medical bills, yet on paper, they do not qualify for Medicaid. Many people believe they have to give away or spend down all their assets to qualify for Medicaid. With advanced planning, Kevin may be able to protect your assets, depending on your circumstances and the state of Texas’ collections efforts.
Along with being a lawyer for more than 25 years, Kevin is a certified public accountant (CPA) and has an advanced law degree in taxation (LL.M.). Looking at your finances through these filters, Kevin is able to see the advantages and disadvantages of managing your resources and property, and he can advise you on what will work best for you and your family.