The Elrod Firm

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Relevant answers to the most common questions about estate planning and elder law.

Tax Considerations

Transferring The Home to My Kids

James, I know that I want my children to get the home and land when I die, so why not just give them a deed …

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Tax Considerations

Taxes and Trust

Lindsey, I’m interested in a living trust, but everyone keeps telling me that a trust will make my income taxes go up. Is this true? …

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Long-Term Care Planning

Can Mom Pay Me To Care For Her

Melissa, I am spending roughly 25 hours per week at my mother’s house caring for her, which means I am only able to work about …

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Probate

Explain What Types of Trusts Are Out There

James, I was talking with a friend at church she and her husband just made a family Trust. Is that different from a living trust?  …

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Medicaid Benefits

Do We Have To Spend Down To Nothing?

Justin, Last month my mom admitted my dad to a nursing home.  Medicare has been covering the charges so far, but she just got word …

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Estate Planning

I Created a Trust—Now Am I Protected?

Justin, I recently worked with an attorney to create an estate plan centered on a trust.  Can I relax?  Am I protected now?  – Tim …

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Probate

How Can I Avoid Probate Court?

Justin, when you designate that an annuity or an IRA is to pay at death to a specific person rather than to a trust, is …

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Long-Term Care Planning

We Didn’t Plan for This. Now What?

Justin, My husband is currently in rehab. When that’s over, we’re almost sure he won’t be able to come home – long-term care in a …

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Estate Planning

What Do I Need Besides a Will?

Justin, When our children were young, my wife and I set up basic wills to make sure they were taken care of if anything happened …

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Medicaid Benefits

Will Selling My Home Mess Up My Husband’s Medicaid?

Justin, About 18 months ago my husband was approved for nursing home Medicaid.  I was allowed to keep my house.  I’m considering a move to …

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