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Answers to the most commonly asked questions about The Elrod Firm
Veterans Benefits
Are There Programs To Help With Home Care?
Justin, My name is Pam and I am a long-time reader of your column. I am writing about my mother, Geraldine. She lives at home ...
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Medicaid Benefits
Marital Assets and Medicaid
James, My friend’s wife just had to have her husband admitted to a nursing home and she was told that she would need to spend ...
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Asset Protection
What If I Don’t Have a Plan?
Lindsey, if I pass away, what happens to my family if I don’t have an estate plan? – Laney Laney, Arkansas law actually does provide ...
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Probate
What Is So Bad About Probate?
Lindsey, I keep hearing that I need a trust to avoid probate, but what exactly is probate and why is it so bad? – Jamie ...
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Asset Protection
Why Should My Power of Attorney be Effective Immediately
Melissa, I’ve heard that my Power of Attorney should be effective immediately – as soon as I sign it – rather than it taking effect ...
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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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