Protecting Your Interests And Assets

As we age, many of us go through changes in our lives. For family members and spouses, it can be a stressful time. At The Law Office of Rollie R. Hanson, S.C., in West Allis, Wisconsin, we can help reduce your level of stress through our elder law practice.

As you grow older, documents such as powers of attorney for health care and financial decisions become an essential part of your estate plan. If you become incapacitated and have not named an agent to represent you, your loved ones would have to go through the expense and delay of a guardianship proceeding to make health care and financial decisions for you. You should give your agent sufficient authority to carry out the asset protection strategies as you desire.

Many families are concerned that nursing home expenses will wipe out their savings. This can be especially true when one spouse requires long-term care, while the other spouse remains healthy at home. The independent spouse will have great concern for protecting assets to make sure he or she will have enough to live on. We can help with Medicaid planning (also known as Title 19 planning) to help protect and preserve assets for a spouse and other beneficiaries instead of having it all go toward the expense of long-term care.