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Elder Planning

Some people think that elder law is all about Medi-Cal (Medicaid) planning.  But the field of elder law is much broader, and while there is no specific legal definition for elder law the focus is on a specific type of client – seniors.  Elder law issues range from “traditional” estate planning issues of preservation and transfer of assets and planning for incapacity, to planning for possible long-term care needs, which can include coordinating private and public (Medi-Cal) resources to finance the cost of care, locating the appropriate type of care, or working to ensure the your right to quality care.  Our essential elder law focus is to ensure the autonomy of our clients and enhance their quality of life as they age.

Our practice provides you with more than just expertise in the appropriate area of law.  We are more aware of real life problems, health and otherwise, that tend to crop up as persons age. We are part of an informal system of other elder care professionals who can assist you when needed.  All of these things will ease your way as you try to resolve your legal problem.

Careful planning, whether in advance or in response to an unanticipated need for care, can help protect you, your estate and your loved ones, while maintaining your independence and dignity.

Our 12-year commitment to serving the elder planning needs of the greater Sacramento and foothills areas is well-known and can produce just the right Elder Protection Plan to preserve your independence and dignity. Contact The Chubb Law Firm today to arrange your Family Wealth Planning Session.

Our Areas of Expertise

Like most elder law attorneys we do not and cannot specialize in all areas covered by “elder law.”  We focus our practice to provide advice, guidance and assistance with the following:

  • Protect your family in a crisis situation – When a loved one needs nursing home care now, we can help with immediate strategies to protect assets and prepare for Medi-Cal eligibility. We start the process by dispelling the many myths and misperceptions surrounding Medi-Cal.
  • Disability planning – This critical piece is often missing or overlooked in many plans! We help you create and understand how to use strategies to delegate management and decision-making to another in case of incompetency or incapacity.
  • Estate planning to protect your family in a non-crisis situation – When you are currently healthy but want to retain control of your assets for the possibility that someday you will be property and be prepared to protect your family and your assets for the possibility that someday you will be incapacitated or need long-term care.

    We have found that traditional estate plans serve primarily as a tool to transfer assets at death and minimization taxes.  Little or no attention is given to your desire for quality of life in the event of a disability of you or a loved one. Unfortunately, 50% of the individuals alive today who are 65 years of age or older will spend some period of their lives needing physical and/or custodial care.  It is essential that your estate plan be structured in a way that dictates how you wish to be cared for in this type of situation.  Effective estate planning looks at all the issues, from death and disability to Medi-Cal and nursing home care, and the transfer of your intellectual, spiritual and human wisdom and values to care for you and create a complete and lasting legacy.

  • Evaluate long-term care insurance & other catastrophic illness asset protection strategies – There are many companies offering long-term care insurance, and each policy is different. It is almost impossible for the average person to read the policies, much less understand the complexities presented.  We can help you evaluate the quality and benefits of your current or proposed long-term care policy, by discerning the differences and alerting you when the policy does not provide you with the benefits that you expect
  • Asset Protection – Protect your family from creditors and lawsuits that threaten financial security and predators such as divorce; remarriage; children or grandchildren with physical or emotional frailties; financial irresponsible or immature children; difficult in-laws; business ventures; and other possible creditors.
  • Probate – This court supervised process is necessary in many circumstances to transfer assets upon death.  We are here to assist your loved ones to navigate this process saving time and headache.
  • Administration and management of trusts and estates – If your estate plan includes a trust make no mistake; it is not a magic book.  Your trust needs people to understand and carry out its instructions.  We can assist your trustee with this process.  If the trust’s instructions are not followed it could cost your loved ones big in extra taxes, delays, and loss of asset protection.

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Associations

     

As Seen On

Elder Council Elder Care Matters Wealth Council   Good Day Sacramento Financial Advisor Fox 40
Sacramento Estate Planning Council Neala     Credit Card Guide The Sacramento Bee  

Life Transition Planning

Contact Us

   
Young Adult or Parent of Minor Children
In the Prime of Life
Concerned About the Impact of Long-Term Care
Handling A Loved One’s Estate
The Chubb Law Firm
1833 Iron Point Road, Suite 120
Folsom, CA 95630
Phone: 916.241.9661
Fax: 916.294.7275
Or use our online form >>
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