In an ever-evolving legal landscape, safeguarding your assets and securing your legal autonomy requires more than any one-size-fits-all approach could possibly provide. At Nelson Elder Care Law , we prioritize building meaningful relationships with families to gain insight into their specific financial, healthcare, and end-of-life goals. We specialize in crafting individualized solutions tailored to each family's unique needs, and educating our clients about the legal solutions that will truly empower them. This family-focused approach, and a deep understanding of the complexities of estate planning and asset protection, led us to create our innovative Absolute Protection Trust™. Unlike competitors' or DIY-internet trusts, we offer a range of unique differentiators that make our Absolute Protection Trust™ the premier choice for securing your assets and providing peace of mind: 1. Unparalleled Assurance and Protection: With an Absolute Protection Trust™, families gain the legal tools to safeguard their assets against unforeseen threats and vulnerabilies. Our comprehensive framework provides personalized protection, so you have the peace of mind that your priorities and goals are honored. 2. Preserve Your Autonomy with our Trust Protector™: Unlike traditional trusts that lack flexibility, ours offers the unique advantage of amending irrevocable trusts through our Trust Protector™. You retain the power to remove a Trustee, and we can modify or amend trust provisions if your life circumstances change, aligning your estate plan with your evolving needs and preferences. 3. Personalized Planning Team: Every family and client's situation is unique, so we provide a personalized legal team led by an experienced attorney to create your estate plan. Throughout the process, you'll meet with the same faces and speak to the same people, providing personalized support and guidance every step of the way. 4. Seamless Transfer of Assets: The wealth of experience and wisdom we've gained from serving more than 5,000 Georgia families over the years has shown us that the most crucial step in protecting your assets is making sure they are correctly transferred to your trust. With an Absolute Protection Trust™, you'll finalize your estate plan with one of our meticulously detailed Funding Managers. Their expertise in trust funding gives you concierge-level service in facilitating the transfer of assets into your trust, reducing client liability and increasing accuracy, letting you rest easy knowing your assets are protected. Contact us today to learn more about how our Absolute Protection Trust™ can benefit you and your family, and take the first step towards securing your legacy for generations to come.

How Trusts Minimize Taxes and Maximize Your Wealth. If you are over 65 and made more than $15,700 income in 2023, you are above the filing requirement that makes April less fun.

Here are some reasons why it's time to start contacting local estate planning lawyers. Keep reading to learn more about why you shouldn't wait.

MYTH: Once you qualify for Medicaid nursing home care benefits, Medicaid will pay 100% of the cost.  MYTH BUSTED: Contrary to popular belief, receiving Medicaid doesn't mean the government automatically pays the entire bill for your nursing home care. In reality, you are expected to contribute a significant portion of your income towards the cost of care. This is known as the co-share, patient liability, or patient share of cost, and plays a crucial role in covering the expenses of your long-term care. Patient liability is your total monthly income minus approved allowances or deductions. The remaining amount is what you pay to the nursing home, while Medicaid covers the rest of the bill. With nursing home care in Georgia averaging $9,000-$11,000 per month, the financial benefit far outweighs the complexity of navigating Medicaid. Let's look at an example:

Navigating Probate in Georgia can be daunting, especially with the myriad of misconceptions surrounding it. The legal process of settling a deceased person's estate can lead to confusion and unnecessary worry for individuals and families dealing with the aftermath of a loved one's passing. Let's debunk some of the most persistent myths about the Probate process in Georgia: Myth 1: Estate and inheritance taxes will eat up all of the inheritance I leave for my family. While estate taxes can be a concern in some cases, Georgia does not impose a state estate tax or an inheritance tax. Additionally, federal estate tax laws apply only to estates exceeding $13.6 million (individual) or $27.22 million (couple) as of 2024. Given this high threshold, most estates won't incur significant taxes that would deplete the entire inheritance. Myth 2: If I have a Will, my estate will not go through Probate. This is an all-too-common misconception. Having a Will does not mean your estate avoids Probate. In fact, the Probate judge will use your Will as guidance on how to distribute your assets, complying with any state laws, and ensuring your wishes are carried out. Having a Will can streamline the Probate process, but the court will still oversee the administration of the estate. Myth 3: Debts disappear at death. Contrary to this popular belief, debts do not disappear when someone passes away. Instead, creditors have the right to make claims against the deceased person's estate during Probate. Part of the Probate process involves addressing outstanding debts and ensuring they are paid from the estate's assets before inheritance distribution to beneficiaries. Myth 4: If there is a surviving spouse, the family home doesn't go through Probate. While a surviving spouse may have certain rights regarding the family home, such as a homestead exemption, the property may still need to go through Probate depending on how it is titled and whether there are other heirs with ownership interests. In Georgia, transferring ownership of the home typically requires the Probate process. Since real estate is usually the most valuable asset a family owns, it's important to consult our experienced Probate attorneys to determine the best course of action regarding real estate in Probate cases. Myth 5: I can handle the Probate process on my own. While it's possible to navigate Probate without legal assistance, it's often advisable to seek guidance from a qualified attorney, especially for complex estates or if disputes arise. In Georgia, there are more than a dozen steps to the Probate process, each with its own timeline, paperwork, and potential pitfalls. Our attorneys provide valuable expertise and ensure the process proceeds smoothly according to paperwork deadlines and state laws. While the process can be confusing and overly complicated, working with a Probate lawyer can help dispel common myths and alleviate unnecessary stress. We work with individuals and families every day to facilitate the Probate process so they can access their inheritance, understand their rights and obligations, and clear all the legal hurdles as quickly as possible.

Do you have a will? If you need to start the estate planning process, here are a few questions to ask your estate planning attorneys.

While a Will is a crucial component of estate planning, there are several other documents that are equally, if not more, important.

Estate planning is a crucial aspect of securing your legacy and ensuring a smooth transition of assets to your heirs.

Working with estate planning lawyers can provide valuable guidance and peace of mind. Here are seven ways these professionals can help you create a plan.