Estate Planning & Administration
Estate Planning requires knowledge in many areas of law such as taxes, insurance, retirement benefits, property, wills and trusts. Louis Lepore, Esq. will assist you in arranging your assets and protecting your property to provide you with the peace of mind that comes with knowing your assets are protected while you are alive and will be distributed per your wishes after your death.
Are you concerned that your child will not be mature enough to handle an inheritance? Do you think your spouse may be manipulated into poor financial decisions? Would you like to encourage your grandchildren to pursue an education? With thoughtfully prepared documents, you may continue to guide your loved ones with your wisdom even after you are gone. Does someone you love have special needs? Our documents allow you to enhance your disabled loved one’s quality of life without jeopardizing their vital government benefits.. You can take comfort in knowing that Louis Lepore, Esq. keeps a sharp focus on these issues to serve you well.
Louis Lepore, Esq. understands that the passing of a loved one is a difficult time for families. He recognizes the confusion and helplessness that often occurs regardless of the fact that all legal documents may already be in order. Both probate and intestacy proceedings involve the court stepping in to make sure that the bills are paid and the assets are distributed properly. Louis Lepore, Esq. will assist you throughout the court proceedings. He will help you gather an inventory of the assets, publish proper statutory notice to the creditors, ensure that legitimate creditors are paid, and distribute the balance to the appropriate beneficiaries. During this process, the court must approve your every action; legal representation is imperative.
Medicaid Crisis Planning / Nursing Home
Has your loved one been admitted into a nursing home?
If you or someone you care about is facing a Medicaid crisis, contact us as soon as possible for a consultation. We can determine if you are eligible for Medicaid assistance and help you get the financial assistance you need as quickly as possible while trying to protect your assets. We should be able to help if you or a loved one is already in a nursing home.
Asset Protection & Medicaid Planning
Establishing Medicaid eligibility for nursing home care
For the best possible outcome, it pays to plan ahead.
Do not wait for a crisis to occur before discussing Medicaid planning. The rules for Medicaid are quite harsh. There is a five year look-back to see if you have given away your assets; there is a five year going forward penalty period if you have. Louis Lepore, Esq. will explain all of your options so that you may make thoughtful choices. Even if you and your spouse are not currently in need of long-term care, you may wish to plan for an unforeseen diagnosis such as Alzheimer’s or dementia. The costs of nursing home care can deplete savings in a matter of months or years. Louis Lepore explores all the necessary asset protection techniques to meet his clients’ needs.
What does Medicaid cover?
Did you know that with the right type of planning you may be able to qualify for the following coverage from Medicaid?
- Nursing Home care (minus your monthly income)
- Co-pays and most prescriptions
- Care at home
Does your loved one need assistance at home?
Many people are unaware that Medicaid can provide generous long-term home care services. We can have your loved one live at home with the assistance of a home health care attendant. When applying for home care it may be possible to transfer assets and qualify for Medicaid immediately to cover home care costs. Contact us as soon as possible for a consultation.
When your property is protected in a trust, it is legally bound to the terms and provisions of that trust. This means that your family or loved ones will need to follow the specific terms of your trust before they can distribute or receive any finances. A trustee cannot settle a trust immediately and will be required to follow several legal regulations, including the administration of the trust, before settling it. There are a variety of options your loved one might have used, such as revocable living trusts, life insurance trusts or irrevocable trusts. Each trust has different requirements and complex processes that will need to be followed. You will still need to enlist the services of a skilled and caring attorney to help settle the trust efficiently.
Business succession planning is an investment in the future. Your business represents a lifetime of work. If you’ve accepted the reality that you will leave your business at some point in the future, you will want to determine your planned exit strategy. The firm will be able to assist you in establishing your goals and objectives and plotting the strategy to meet your needs. Planning in the key to future success for you and your family.