The Elrod Firm

The Elrod Firm Articles

Musings to give you insight and clarity on all things estate planning and elder law.

Estate Planning

Caring for Older Relatives During the Holidays

The holidays are a time to spend with family, to exchange gifts, and to celebrate. It’s also a time of giving and caring for others. In particular, it’s important to remember to care for our elderly loved ones.

Asset Protection

The Greatest Gift

One of the greatest gifts you can give to your family is to have an appropriate estate plan in place when needs arise. Many readers will likely take that statement with a grain of salt, considering the person who wrote it is an estate planning attorney. It is true – I may be biased. But allow me to tell you the story of three brothers to illustrate my point.

Estate Planning

Planning for children with special needs

Families with disabled children have special estate planning considerations to ensure those children are taken care of without risking a loss or reduction in benefits.

Probate

What’s so bad about probate?

Avoiding probate is a goal for most of our clients, but a lot of people don’t know—prior to talking to an elder law attorney—why they’d want to avoid probate.

Long-Term Care Planning

A Startling $100,000 Detail

Mary hadn’t slept well in days. Her husband, James, was in the hospital, and the doctors recently told Mary that he would need the 24 hour care of a nursing home after discharge. Mary’s primary concern was obviously for James’ health, but financial concerns also weighed heavily on her mind.

Probate

Why do we have to go through a probate?

Probate is a court process that is necessary when assets are titled solely in the name of a person when he or she dies. Probate issues often arise with real estate, but it can also be an issue with assets such as bank accounts, investment accounts, life insurance, stocks, and vehicles.

Power of Attorney versus Guardianship

There are similarities between a power of attorney and a guardianship, but there are also drastic differences. In some cases there are ways to avoid guardianship, but in all cases there are ways to ensure that you have designated who you want to act for you if a guardianship becomes unavoidable.

Estate Planning

Don’t Be Taken By Surprise

I’m not usually one to remember the exact details of specific plays in sporting events long after they happen, even when those plays were interesting

Estate Planning

Time for an estate plan check-up?

Our estate planning clients often ask, “Am I ever going to have to re-do these documents?” The legal answer is that the documents we prepare will always be valid—they don’t get “stale” or invalid after a period of time.

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