Common Elder Law Problems and Solutions
Whether it is problems with Nursing Home Issues, Medicaid, asset Protection, Probate Avoidance, Guardianship or many of the other problems affecting our clients, at Meyer & Spencer, PC, we will provide a solution!
| THE PROBLEM | THE M&S SOLUTION |
|---|---|
| My spouse or parent can no longer care for him/her self and must go into a nursing home | Meyer & Spencer Asset Protection Plan |
| I'm in good health now, but I want to make sure that my assets will be protected in the future if I ever have to go to a nursing home | Meyer & Spencer Advantage Trust Long Term Care Insurance |
| We want to make sure our children receive their inheritance in the event one of us dies early and the other spouse remarries | "Q-TIP" Trust language in a Will or Trust |
| Our primary asset is highly appreciated real estate and our children may have to sell the family home to pay Estate Taxes | Irrevocable Life Insurance Trust |
| We have accumulated a substantial amount of assets and need to know the best methods of minimizing Estate Taxes and leaving our children as much as possible | Charitable Remainder Trust Irrevocable Life Insurance Trust Qualified Personal Residence Trust Meyer & Spencer Advantage Trust |
| I have a disabled child and we want to make sure that he/she is provided for and has all of his/her needs met after we die | Supplemental Needs Trust |
| We have a modest estate and our primary goal is to make sure a Guardian and Trustee is named for our children if we both die | Meyer & Spencer Basic Estate Plan |
| We want to give one or more of our children the authority to handle our finances if we are unable to do so | Power of Attorney Meyer & Spencer Expanded Power of Attorney |
| My parent is suffering from dementia and can no longer handle his/her own affairs | Guardianship Proceedings |
| I want to avoid the time delays and legal costs involved in Probate | The Living Trust |
