Power of Attorney Law Firm in Asheville and Hendersonville
Studies show that the majority of Americans will require temporary or long-term disability assistance at some point in their lifetime. These disabilities can lead to high medical expenses, lost wages, and astounding nursing home or other care facility costs. Although you may be healthy now, what will you do if you become disabled? Who will take care of your medical needs? Have you designated a power of attorney who can handle your financial and legal affairs?
Strauss & Associates, P.A., located in Asheville and Hendersonville, North Carolina, helps clients of all ages plan for disabilities. We will work with you and your financial advisor, if you have one, to develop a comprehensive plan that addresses all aspects of a potential disability.
Plan your legacy. Protect your assets. Contact our experienced attorneys now at (828) 258-0994 or (828) 696-1811
In establishing your disability plan, we look at factors such as your current financial situation and your goals and wishes should you become disabled. We take the time to really get to know your situation, so we can tailor a plan that meets your exact needs. With the help of a variety estate planning tools, we work hard to create a plan that is beneficial for you.
There a few simple, yet important, aspects of planning for disabilities:
- Set up a power of attorney: Clients who become disabled may not be able to make personal and financial decisions on their own. At minimum, it is best to appoint a power of attorney with broad powers to handle property affairs, including matters relating to your disability insurance.
- Put assets in a revocable trust: Establishing a revocable trust ensures that a person's assets will be cared for and distributed appropriately at the time of his or her death. Property and assets set aside in a trust are protected from government facilities, such as nursing homes.
- Appoint a health care agent: Similar to a power of attorney, a health care agent can make medical decisions on your behalf. This person also has the exclusive ability to obtain health records protected by HIPPA, but it is still important to include a specific provision that allows them to do so in order to avoid any potential conflict.
For more information about planning for disabilities or to schedule an appointment with an experienced estate planning attorney, please contact us. We also welcome calls from financial planners and accountants in need of disability planning for their clients.