Since 2006 our senior care firm has helped families with estate planning, trusts or an irrevocable
trust, Medicaid, veterans pension benefits, long-term-care and more in Newport News, Hampton,
Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, and Williamsburg.
Are your assets protected? Double Check!!
By Christina Drumm-Boyd, CEO, Care Connect of Hampton Roads – 5/26/2020
While I am not an elder law or estate planning lawyer, I would like to take the time to point out that our senior care firm does assist directly with Medicaid case management as well as with obtaining needs-based benefits through the Department of Veterans Affairs.
It is very disheartening to meet with a client in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Williamsburg, and throughout Hampton Roads who is under the impression that their assets have been neatly protected inside an assets protection trust or what is also referred to as an irrevocable trust, only to discover that, none or only some, of their assets were re-titled to the actual trust and therefore will be countable for both Medicaid and Veterans Pension Benefits.
The lawyers who draft and execute our senior care client's estate planning documents work directly with us to ensure that the trust is fully funded.
Discovering that your assets have not completed a federal transfer penalty period IS NOT ideal.
If you have an existing trust, confirm what is actually in it and also confirm that it meets your needs as you begin to look towards retirement and the possible need of long-term care in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Williamsburg, and Hampton Roads.
If you do not yet have a trust, be sure to find out how a trust may be of direct benefit to you now and in the future.
VIRGINIA BEACH:
4525 E. Honeygrove, Suite 203, Virginia Beach, VA 23455
NEWPORT NEWS:
720 Mall Parkway (located inside Holcomb Law, P.C.)
Newport News, VA 23602
Reach either of our offices at: Ph: (757) 271-4270 Toll Free: 1 (855) 872-2529 Email:cdboyd@careconnecthr.com