Protecting Your Rights, Safeguarding Your Assets
While it is never too early to begin planning your estate, it is also never too late to make changes that can benefit you and your loved ones for the remainder of your lives. At Duffy North, in Hatboro, Pennsylvania, we help a broad spectrum of clients in suburban Philadelphia and Montgomery County plan for their later years by helping them create estate plans, establish wills and trusts.
Although we all become more vulnerable as we age, we make it our mission to give our clients plans and planning documents that are invulnerable to misinterpretation, misuse and legal challenges. For more information, call our Pennsylvania elder law lawyers at 215-914-9939.
Experienced Long-Term Planning Lawyers
Our elder law practice is devoted to protecting the financial and health care interests of elderly clients in suburban Philadelphia and Montgomery County by using legal tools such as:
- Medicaid planning and asset protection. One of the big issues with Medicaid coverage is that many people must spend a majority of their assets before they can meet government asset requirements. Using legal, financial strategies, our attorneys may be able to help you keep as much of your estate as possible without losing your assets. In particular, we may be able to protect your assets so that your spouse will continue receiving an income, even if you need full-time nursing home care.
- Long-term planning. The best time to plan for your old age is when you are still relatively young and healthy. Our lawyers can help you create a comprehensive estate plan that can protect your assets and property after your incapacity or death. More specifically, you can reserve money for a child’s education or your future nursing care. You can, by establishing powers of attorney, appoint representatives to manage your assets or set conditions for your medical care (living will) at the end of your life.
- Disability planning. If you are concerned about becoming disabled, or have a disabled loved one who will need health care or financial support after you are no longer able to provide it, a special needs trust, disability trust or survivor’s trust could allow you to reserve assets that might otherwise be consumed in an estate distribution or by medical expenses.
- Gifting assets. Sometimes the best way to control an asset is to give it away. Our lawyers will help you plan to gift assets to loved ones, civic or religious organizations, or other parties you choose rather than relinquish them to taxes or medical bills.
- Guardianships. Your child or adult dependent may need care and supervision, whether or not you are around. By working with the court to appoint a guardian, you may ensure your loved one’s financial and physical care needs are met. We have experience in helping clients pursue guardianships.
- Prenuptial agreements. If you are remarrying and have assets or children to protect, crafting a prenuptial agreement could be a wise choice. Our lawyers can help you draft an agreement that is consistent with your interests and those of other parties with a stake in your marriage.