In light of relatively recent changes to both federal and state laws, it is increasingly important for individuals and families to plan ahead for their long term future. A Federal law change in 2006, adopted in Wisconsin as of 2009, rewards those who plan at least five years ahead of entering a nursing home or assisted living facility. Through advanced planning, Wokwicz Law Offices, LLC can help you protect your house, assets and wealth through the use of gifting techniques, life estates, and irrevocable trusts.
In a general sense, Elder LawA term used to distinguish an area of law that addresses the needs of aging, including dealing with Federal and State laws that apply to the rights and privileges of the elderly and encompasses areas of law such as Estate Planning, Irrevocable Trusts, Revocable Trusts, Wills, Will Contests, Durable Power of Attorneys, Power of Attorney for Health Care, Advance Medical Health Care Directives, Funeral Directives, Special Needs Trusts, Probate, Avoiding Probate, Disability Planning, Nursing Home Planning, Guardianships, and Protecting Assets from Nursing Homes. (Further reading: What is Elder Law?) includes Estate PlanningPlanning in advance of disability, incapacity, or death to make sure that key life issues have been addressed while the person is still of sound mind and able to understand and sign key documents such as Power of Attorneys, Power of Attorneys for Health Care, Wills, and Trusts to form a strategy and provide for the administration and disposition of his or her assets upon death or upon incapacity., Wills, Trusts, Powers of Attorney, Avoiding ProbateThe court process proving the validity of a Will and conducting the orderly Inventory, Accounting, and Administration of a decedent’s assets under a Will or under Intestacy laws if there is no Will. The probate process in Wisconsin typically takes between six to twelve months in Wisconsin and can take longer in some cases. Probate can be avoided by proper Estate Planning and through the use of beneficiary designations, Transfer on Death Deeds, Marital Property Agreements and Trusts., and advance health care directives such as Living Wills and Powers of Attorney for Health Care. Alternatively stated, we refer to Elder LawA term used to distinguish an area of law that addresses the needs of aging, including dealing with Federal and State laws that apply to the rights and privileges of the elderly and encompasses areas of law such as Estate Planning, Irrevocable Trusts, Revocable Trusts, Wills, Will Contests, Durable Power of Attorneys, Power of Attorney for Health Care, Advance Medical Health Care Directives, Funeral Directives, Special Needs Trusts, Probate, Avoiding Probate, Disability Planning, Nursing Home Planning, Guardianships, and Protecting Assets from Nursing Homes. (Further reading: What is Elder Law?) as planning and protecting assets and your wealth for the next generation instead of paying all or most of your assets and wealth to a nursing home or assisted living facility.
Helping generations of families in southeastern Wisconsin structure their finances, we are very familiar with the relevant Title 19 and Medical Assistant laws, as well as the unique local practices in Kenosha and Racine Counties including Family Care. We can review your situation to determine if you qualify for Title 19 and Medical Assistance. In a relaxed, comfortable and private environment, we can discuss the options and consequences available to you in the Kenosha and Racine area.
If you would like to plan for the future, and protect assets from a nursing home or assisted living facility, we invite you to contact us.
Stop Nursing Homes From Taking Your Assets
With proper advanced planning, you can protect your assets from nursing homes.