The Riddle Firm, PLLC

Estate Planning and Elder Law Blog Digest

Arkadelphia, Hot Springs and Little Rock, Arkansas

Category: Medicaid Planning

Are you concerned about rising healthcare costs and the impact they could have on your financial wellbeing? Medicaid planning can be the solution you’re looking for.

Our team of experts can guide you through the complex process of Medicaid planning, helping you to protect your assets while still qualifying for the assistance that you need. We can help you to understand the rules and regulations surrounding Medicaid eligibility, as well as the many different planning strategies that are available.

From irrevocable trusts and asset transfers to annuities and spend-down planning, we offer a full range of services designed to help you get the most out of your Medicaid benefits. We’ll work with you to develop a customized plan that takes into account your unique situation and goals.

Don’t let healthcare costs erode your savings and financial security. Contact us today to learn more about how Medicaid planning can help you to protect your assets and secure your future.

The right mix of benefits, contracts and titles can fund care without exhausting a lifetime of savings.

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Beyond not making a will at all, here are the biggest mistakes estate planning attorneys see clients make.
A retired farmer has one child working on the farm, while a second child lives far away. The man thinks he doesn’t need a will because his situation is straightforward, and the children will work things out since they’re smart and respectful. This approach is asking for trouble on many different levels. The article, “If you’re relying on your kids to ‘just figure it out’ after you’re gone, here’s your wake-up call,” appearing in Tri State Alert, explains just how many problems this mindset can create. Even before addressing the distribution of assets, the family may face a long-term care…
A pour-over will catches assets that miss your trust, keeping your plan intact and your heirs out of court where possible.
While heirs often expect inheritance to bring financial relief, it can also come with complications. In some cases, inheriting property or assets may mean dealing with outstanding debts tied to them.
Estate planning is a legal practice area where accuracy, nuance and context are non-negotiable.
Living trusts are powerful estate planning tools, but not every asset belongs in one. Knowing which property to exclude prevents complications and protects your legacy.
However, counting on an inheritance is a fragile strategy, especially when part of it is wrapped up in a family home.