Providing Peace Of Mind Throughout The Golden Years
According to the Tennessee Commission on Aging and Disability, during the next 15 years, the state will experience a 58 percent growth in the number of residents who are 65 and older. As the government plans how to provide health care and other vital services to an aging population, individuals who fall into this age demographic should take steps to plan for future financial and healthcare needs.
Even if you have a comprehensive estate plan, as you age and your life as well as your needs change, it is important to adjust your estate plan accordingly. At Attorney Phillip R. Walker, we are knowledgeable and experienced at helping individuals and their families address financial and health care concerns such as:
- Long-term care and nursing home planning
- Medicaid planning
- Veterans benefits
- Guardianships and conservatorships
- Durable powers of attorney
- Living wills and health care powers of attorney
- Amendments to an existing wills
- Special Needs Trusts
- Succession planning
Legal Advocates For The Elderly
The last thing anyone wants is to create controversy and discord among surviving loved ones. Amending estate planning documents or creating new ones that align with your current circumstances can greatly reduce the likelihood of family members taking legal action to contest a will or litigate a probate matter.
At Attorney Phillip R. Walker, our lawyer and staff are advocates for the elderly. We are sensitive to the specific financial challenges that many individuals who are in retirement face when planning for how to fund long-term care options such as in-home or nursing home care. To avoid penalties and restrictions, it is important to know the rules and develop a strategy for funding long-term care as early as possible.