Effective estate planning means developing a plan that will achieve your goals as the estate owner while you’re alive and after your death. It’s an ongoing process that involves the creation, conservation, and distribution of property.
An estate plan can be as simple as having a will and life insurance, or it could use trusts, business continuation plans, charitable arrangements, and other elements.
Our services include:
- Wills, complex and simple
- Revocable Living Trusts
- Irrevocable Life Insurance Trusts
- Grantor Retained Annuity Trusts
- Trusts for Minor Children
- Special Needs Trusts (for the disabled)
- Charitable Trusts and Foundations
- Insurance Trusts
- Qualified Sub-Chapter S and Electing Small Business Trusts
- GRATs, QPRTs, and other split interest trusts
- Pet Trusts
- Generation-Skipping Transfer Taxes
- Business Succession Planning
- Family Farm Planning
- Limited Liability Companies and Partnerships
- Powers of Attorney
- Advanced Directives for Health Care
While long-term nursing home care is expensive, Medicaid can help cover these costs if you qualify. Part of this qualification may hinge upon developing a proper estate plan,including a properly drafted Special Needs Trust or Supplemental Needs Trust, which can help you meet the requisite asset limits. Even if you are already in a nursing home, The Law Office of Keith R. Miles, LLC can help.
A single error in Medicaid planning can prove to be incredibly costly. If you fail to qualify, you may be forced to sell your home or use other hard-earned assets to cover the entire cost of your nursing home care. Moreover, the government can even seek reimbursement for any Medicaid benefits you received in error and pursue Medicaid Estate Recovery after death. Rest assured we will take the time to inform you of your options, answer your questions and help you take careful and proactive steps toward obtaining Medicaid benefits.
While Medicaid planning and related elder law matters are complex and present many challenges, we have the significant experience and in-depth knowledge needed to overcome those obstacles. Why lose assets and money? Why deplete your estate when there are legal methods available to allow Medicaid to cover some of the costs of your nursing home care?
We advocate on the behalf of taxpayers who have been contacted for an IRS audit, as well as tax preparers and CPAs whose clients are being audited. In the former case, it is extremely important to work with an attorney who understands what the auditor can and can’t do. Individuals undergoing an audit without representation may face sensitive questions that could prove harmful to their case if answered truthfully, expose them to federal criminal charges if answered untruthfully, or lead to a perception of uncooperativeness if the taxpayer refuses to answer.
The Law Office of Keith R. Miles, LLC can represent you during your audit to ensure that your rights are protected and your legal arguments are defended. CPAs and other taxation professionals who prepare tax returns preferably should not try to represent one of their clients in an audit. This can lead to a conflict of interests, because the IRS can actually have you testify against your client. Protect the relationship with your clients by referring a tax lawyer to represent them in their audits.