Our attorneys have the knowledge and experience to help our business clients at every stage of development. Our attorneys have counseled hundreds of clients across the Commonwealth and offer sophisticated services at affordable rates.
We provide a full range of services to entrepreneurs, as well as consulting services to existing companies. Our services include:
It is our goal to counsel clients in all of their business concerns. We have represented companies of all types and sizes, from a multinational corporation with antitrust concerns, to a mining company with national and state regulatory issues, to small startups.
What is Elder Law?
The heart of Elder Law is the people served in this important area – seniors and their loved ones. Health care costs are rising at a rate faster than most people’s finances can afford. People are living longer because of advances in medicine and healthcare. In fact, while everyone has heard that 10,000 baby boomers turn 65 every day, many don’t realize that the fastest growing segment of the American population includes people age 80 and over. Planning to protect your nest egg for when, not if, a long-term care event strikes your family, may make the difference in the world when it comes to your ability to leave a legacy.
Why a Will is not Enough
A will is a good starting point, however, there are many other factors that must be weighed to determine whether it is enough. Are you a wartime veteran? Do you or your spouse have degenerative health conditions? Are you concerned that money or property you leave your children may be taken by a creditor, or an ex-spouse? Are you or your loved ones facing mounting health care costs due to injury or illness? Based on your specific situation, we can craft a specialized plan that focuses on protecting your assets while promoting a high quality of life.
Planning Regardless of Your Net Worth
Proper planning is essential regardless of your net worth. In fact, most middle class families will suffer more financially during a health crisis than those who are extremely wealthy or extremely poor. Protect what you have worked so hard for. Take the necessary steps to continue providing for those you love once you are gone.
Averting a Crisis
Are you or a loved one already dealing with a long-term health event? If so, there is still time to avert a crisis. We can take steps today to “stop the bleeding” in your life savings so that you can preserve as much as possible for your spouse and/or your children.
For more information on elder law, please visit https://kentuckyelderlawyer.com/
When a change takes place in your family you want a lawyer that will protect your interest and the interest of your loved ones. While many family law cases are settled out of court, we have the skill to take the case to trial when necessary. Our attorneys combine experience and excellence with personalized service.
Our family law practice includes:
Contact us today to find out how we can help.
At Saltsman, Willett, Deaton & Hamilton, P.S.C., we provide a full range of legal services to clients for real property matters. While the vast majority of our real estate practice is transactional in nature, we also serve clients in property related litigation as well.
Our services include:
We strive to provide our clients with an affordable, effective representation at all levels of the real property transaction or litigation. Contact us for a free consult.
When Would a Special Needs Trust be Appropriate?
A special needs trust (often referred to as a “self-settled special needs trust”) would be appropriate for a person who was determined disabled prior to ge 65, and who is receiving needs-based government assistance. By establishing and transferring assets into a special needs trust prior to reaching age 65, those assets would not count toward any needs based government assistance programs. Special needs trusts are often used when a person who is receiving needs-bases benefits receives a sum of money through a lawsuit, inheritance, or other circumstances. To prevent disqualification of benefits, those funds can be placed into a special needs trust.
A second type of trust that is similar is a supplemental needs trust. A supplemental needs trust (also referred to as a “third party supplemental needs trust”) is set up by one person, for the benefit of another person who has been determined disables by the Social Security Administration. The trust can be used to supplement (not supplant) benefits being provided through certain government assistance programs. Parents who want to set aside funds for a child with a disability, and not adversely affect their child’s public benefits, often use supplemental needs trusts. Funds in a properly drafted supplemental needs trust will not count as a resource for needs-based government assistance programs.
Both types of trusts have very specific legal requirements regarding who can establish them, and how they can be administered.
The Need to Plan
Who will make health care decisions for you or a loved one if they are unable to? How will you make sure a child living with a disability is properly taken care of? Who will oversee their finances and their care? If government assistance is available, how will those benefits be obtained and protected?
These questions and more can all be addressed through the legal planning services we offer. We take time to understand what is important to you so we can design a plan that reflects just that. Contact us today to find out how we can help you plan for today, tomorrow and years to come.