Pre-Planning and Asset Protection

If I fail to plan ahead what will happen when I go to a Nursing Home?

Most people will lose everything they have unless they plan immediately. This requires a crisis plan.

How can I get more information on protecting my assets from Long Term Care Expenses?

We offer free workshops and seminars for Seniors and children concerned about their parents in Conway, Little Rock and surrounding towns and cities throughout the year.

What is the best way to give my assets to my children if I am single?

The best way to give assets to your children is with an Irrevocable Trust.

What is the best way to give my assets to my children?

The best way to give assets to your children is with an Irrevocable Trust.

Can I give all my assets to my children to protect them from future Long Term Care Expenses and what are the consequences of doing this?

Yes you can give all your assets to your children but it will probably cost you hundreds of dollars in real estate taxes each year and will probably cost your children thousands of dollars in capital gain taxes when you die.

What is the difference between a Revocable Living Trust and an Irrevocable Trust?

Both Revocable Living Trusts and Irrevocable Trust can protect you from probate if they are properly funded (all assets have been transferred into the trust or titled in the name of the trust).

I’m in relatively good health now. What can do to I protect my assets from Long Term Care Costs?

The best way is with Long Term Care Insurance.

If I want to protect my family and my assets from Long Term Care costs should I plan now or can I wait till I go into a Nursing Home?

The sooner you plan the more assets you can protect.

What is a main benefit of planning my affairs now rather than later?

Peace of Mind. Many people spend a lot of time worrying about what is going to happen if they die or become incapacitated or go to a nursing home.

What assets will disqualify me from receiving Medicaid?

When qualifying for Medicaid whether married or single you can have a home, a car, household furnishings, a prepaid burial contract or a life insurance policy with no more than $1,500 in cash surrender value and $2,000 in money if single and a little more if you are married.

Can I give away $10,000 per year to my children and pay no taxes?

Yes you can but any gift to your children will disqualify you from receiving or qualifying for Medicaid benefits.

Can I receive both VA Aid and Attendance Benefits and Medicaid?

No. The typical scenario is when a Veteran is getting in home care or is in an Assisted Living Facility they are typically eligible for VA Aid and Attendance Benefits but not typically eligible for Medicaid (Medicaid will sometimes pay for very limited amounts of in home care and limited amounts in an Assisted Living Facility but many Veterans will not qualify for this type of Medicaid).

505 Amity Road, Suite 100
Conway, AR 72032
501-327-3527 (phone)
501-327-5346 (fax)
866-855-2498 (toll free)

11300 N. Rodney Parham Rd
Little Rock, AR 72212
866-855-2498 (toll free)

Pre-Planning and Asset Protection

If I fail to plan ahead what will happen when I go to a Nursing Home?

How can I get more information on protecting my assets from Long Term Care Expenses?

What is the best way to give my assets to my children if I am single?

What is the best way to give my assets to my children?

Can I give all my assets to my children to protect them from future Long Term Care Expenses and what are the consequences of doing this?

What is the difference between a Revocable Living Trust and an Irrevocable Trust?

I’m in relatively good health now. What can do to I protect my assets from Long Term Care Costs?

If I want to protect my family and my assets from Long Term Care costs should I plan now or can I wait till I go into a Nursing Home?

What is a main benefit of planning my affairs now rather than later?

What assets will disqualify me from receiving Medicaid?

Can I give away $10,000 per year to my children and pay no taxes?

Can I receive both VA Aid and Attendance Benefits and Medicaid?

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