The Elrod Firm

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Answers to the most commonly asked questions about The Elrod Firm

Probate

What’s Wrong With My IRA Plan?

Justin, My financial advisor recently raised a concern about the beneficiary designations on my IRAs. He said naming my living trust as a death beneficiary ...
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Long-Term Care Planning

Why Won’t Medicare Pay Our Long-Term Care Costs?

Justin, my husband has been receiving rehabilitation in a nursing home for the past two months, but I just received word that Medicare isn’t going ...
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Asset Protection

What’s The Difference?

Justin, I just had a revocable trust drawn up, and I think I understand what it does and why I did it, but after reading ...
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Estate Planning

Why Am I Not The Sole Owner Now?

Justin, my brother and I were co-owners of some land. He passed away, and I’m trying to sell the property, but the title company said ...
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Estate Planning

Will or Trust? Which Is Right For Me?

Justin, I’m ready to get my affairs in order, but I don’t even know what questions to ask. I assume I either need a will ...
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Medicaid Benefits

How Can My Mother Qualify For Medicaid With High Income?

Justin, my sisters and I have been looking into nursing home care for our mother. Her dementia and mobility issues have progressed to a point ...
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Long-Term Care Planning

How Does Medicaid Treat Income For Married Couples?

Justin, my husband has dementia and his doctors say he will have to move to a nursing home soon. We will try to apply for ...
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Estate Planning

DNR vs. Advance Directives

Justin, What’s the difference between a DNR and an Advance Directive? Aren’t they the same thing? Do I need both to be fully prepared for ...
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Asset Protection

Aren’t All Estate Plans the Same?

Justin, One of my neighbors recently had a trust prepared, and he told me he paid $1,000 for it. Another friend of mine had her ...
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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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