Start Planning Your Best Future
No matter your stage in life, you need a plan–and that’s what The Elrod Firm specializes in. We’re an Arkansas estate planning and elder law firm that focuses on helping clients put the right plans in place at the right time.
Take a moment to watch the video below and get to know us!
Estate Planning
You already know planning is important. But where do you start? A strong estate plan is built upon the foundation of three things:
Method of Transfer
- Stay out of probate court when you die
- Ensure your estate gets into the right hands
- Protect your heirs from themselves and others
Tax Considerations
- Know whether the estate and gift taxes matter to you
- Minimize capital gains taxes when your property is sold
- Protect retirement accounts from accelerated taxation
Asset Protection
- Plan ahead for the Medicaid five-year look back
- Prepare for the VA benefit three-year look back
- Shelter your home from Medicaid liens
Emergency Planning for Long-Term Care
Planning ahead for the high cost of long-term care isn’t always possible. Trying to understand your long-term care options can be stressful and determining how to pay for long-term care can feel overwhelming—especially when the need for round-the-clock care arises suddenly. Working with an expert attorney who understands long-term care options and the rules on how to pay for them will ease your anxiety and lessen the financial burden these situations create.
Long-Term Care Planning
Many families believe nursing home care is the only type of long-term care available. You want to explore and understand all available options and how to pay for them so you can choose the best solution for you and your family’s needs.
Medicaid Benefits
You may believe that Medicaid isn’t a viable option for covering the high costs of long-term care; however, Medicaid is the primary payer of long-term care services nationwide. The key to getting help while protecting your home and other assets is understanding how the rules apply to your family. The Elrod Firm can help.
Veterans Benefits
If you’re a Veteran or the surviving spouse of a Veteran, it’s worth learning about the Aid & Attendance benefit available through the VA to help offset long-term care costs.
Legal Representation in Guardianship & Probate Court
Nobody wants to go to court…but sometimes it’s necessary. Probate and guardianship court can be a long and emotional process. You want knowledge and experience on your side to make it as painless as possible.
Probate Services
If you've tried to close out an account or sell the real estate of a deceased family member without success, you might need court authority through the probate process to wrap up those affairs. We can help.
Guardianship Services
When you need authority to help a loved one but it’s too late to get power of attorney, or when a person's health needs increase to where power of attorney isn't enough, guardianship might be the only option. We can help.
We wrote the book on planning. Literally.
The insider strategies listed in this book can save (or make) you tens of thousands if executed properly. You Need A Plan is your starting point to prepare for your best future.