Nelson Elder Care Law can work with financial planners and CPAs by using Trusts to align your financial objectives with your estate planning goals. Our unique approach allows us to protect our clients from life’s uncertainties while saving them time and money.
Our Absolute Protection Trust™ is at the core of our strategy. It is designed to protect wealth while maintaining the flexibility necessary to adapt as life changes. Our goal is to help our clients pass on their legacy to future generations.
Our estate planning lawyers in Marietta have served hundreds of Georgia families, helping them handle the complex and sometimes confusing challenges that accompany the aging process. Call today for your free Legacy Planning Meeting to talk about your financial plans.
Do You Need a Financial Planner to Work With an Elder Law Attorney?
You do not need a financial planner to work with Nelson Elder Care Law. We can assist with your financial decisions and explain the importance of different legal tools. However, depending on your financial situation, there may be benefits to hiring a financial planner.
Our team will handle the legal aspects for important elder law challenges such as setting up and funding your Absolute Protection Trust™, estate planning, probate administration, and guardianships/conservatorships. A financial planner can complement our services by focusing on:
- Analyzing income, expenses, and cash flow
- Planning for retirement and distribution of assets
- Assisting with budgeting and financial decision-making
- Managing and allocating investments
- Helping reduce taxes through planning strategies
- Reviewing insurance needs
- Coordinating beneficiary designations
- Helping plan for wealth transfer to heirs
Secure Your Legacy Today! Schedule a Free Elder Care Consultation with Our Experienced Georgia Attorneys.
The Absolute Protection Trust™Our Absolute Protection Trust™ combines the asset protection power of an irrevocable trust with the ability to make changes when necessary. It is highly personal and created to meet your specific goals. Matching your Trust to your financial planning goals is part of the overall strategy.
Financial planners may analyze which assets should be placed in your Trust and how remaining resources will support your retirement and care needs. Ultimately, our team designs and drafts the Trust to meet legal requirements and create long-term financial security.
Take the first step toward peace of mind for you and your family. Call Us Today
Estate Planning
Nelson Elder Care Law can help you create an estate plan and draft important documents. Your financial goals are a significant consideration here, and coordinating with the plans you’ve made with your financial planner makes sure your overall estate plan meets your needs.
While our legal team drafts wills, Trusts, and powers of attorney, financial planners can help assess assets, income, retirement accounts, insurance, and beneficiary designations. Collaboration helps avoid conflicts between legal documents and financial strategies.
Medicaid Planning
As we age, it becomes more and more important to prepare for a sudden illness or accident. That means aligning your assets and financial goals in a way that maintains eligibility for Medicaid. You may never need it, but mistakes here can be costly for you and your family.
Financial planners provide a clear picture of income, investments, and long-term care costs to forecast cash flow and sustainability. Nelson Elder Care Law’s Absolute Protection Trust™ can prevent the need to spend down assets and minimize or eliminate Medicaid estate recovery.
Probate Administration
It is tough to avoid the probate process in Georgia, but making the right decisions now can make things much easier for your family after you pass away. Nelson Elder Care Law’s Trust can ensure protected assets pass to the beneficiaries without the need for Probate court.
Financial planners may also help heirs understand inherited assets, taxes, and reinvestment strategies. Our legal team, in conjunction with your financial planner, can help reduce stress for your family and guide them with responsible financial management once probate concludes.
Guardianship and Conservatorship
You may establish a guardianship or conservatorship to care for an adult child with special needs or to handle decision-making for a sick parent. In all cases, your attorney will consider goals set by your financial planner when assisting with the hearing process in probate court.
Financial planners can help with budgeting, overseeing investments, and long-term financial planning under court supervision. Working together allows us to make sure your assets are protected, your expenses are controlled, and reporting requirements are fulfilled.
Get Help from Our Elder Law Attorneys
Nelson Elder Care Law can work with financial planners to better understand your needs and make sure our legal strategies closely align with your financial goals. This collaboration is beneficial for you during your lifetime, but also for your family after you pass away.
Medicaid planning, Trusts, probate administration, and other estate planning tasks require serious consideration of your financial situation and outlook. Whether or not you currently work with a financial planner, we can help you figure it all out.
Nelson Elder Care Law has been here to serve Georgia families for more than a decade. Call today for your free Legacy Planning meeting and learn more about how our estate planning lawyer can help you meet your goals and address any challenges that arise.
