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 isn’t always an option. Emergencies happen. When they do, it can be stressful and overwhelming. Creating an emergency plan will ease your anxiety and lessen the financial burden that these situations often create. We will present you with a variety of available options so you can choose the plan that’s right for your family.
Emergency Long-Term Care Planning
Whether you're looking to bring a caregiver into the home, considering assisted living facilities, or in need of nursing home care, there may be last-minute asset protection plans available.
Medicaid Benefits
You may think Medicaid isn't an option because of your income or assets, or because you fear you’ll lose your home. Whatever the reason, schedule a time to meet with us. You might not have to pay nursing home bills until you're broke.
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 cover the high costs of long-term care.
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.