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Answers to the most commonly asked questions about The Elrod Firm
Asset Protection
It’s Too Late to Plan. Now What?
Justin, I have talked to my mother for years about signing a will and power of attorney documents, but she was never interested in thinking ...
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Guardianship
What Can I Do as Power of Attorney?
Justin, My father named me as his power of attorney several years ago. He has always managed his own business, but recently he hasn’t taken ...
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Long-Term Care Planning
Is there a difference between Medicare and Medicaid?
Justin, My mother’s physician is recommending that she go to a nursing home because of her declining mental health. My friend went through a similar ...
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Estate Planning
How can I change my deed?
Justin, Five years ago, I used a life estate deed to sign my home over to my three children to keep it out of probate ...
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Long-Term Care Planning
Is there a Veterans Benefit to help pay for Assisted Living?
Justin, my father is about to be released from the hospital and will be going to inpatient rehab later this week. Because of his dementia ...
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Asset Protection
What if I do nothing?
Justin, I’ve read several articles and even heard a couple of presentations on the importance of estate planning, but I really don’t have that much. ...
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Tax Considerations
How Should I Deed My House To My Children?
Justin, I’m thinking of deeding my home to my children to avoid inheritance taxes. Do you have any recommendations on how I should handle this?
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Asset Protection
Do you have to spend yourself broke to qualify for Medicaid?
Justin, My mother moved into a nursing home a few months ago and began privately paying the facility after their business office told her that ...
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