Arkansas Estate Planning Attorneys
Leveraging Estate Law Tools for Medicaid Planning
As part of our comprehensive Medicaid planning services, we frequently take on various aspects of estate planning. We help clients create and execute wills, trusts, powers of attorney, business succession plans, and more, all with attention to detail and our clients’ best interests in mind. No matter the case, our goal is the same: to protect hard-earned assets from the costs of long-term care and other risks while securing eligibility for government benefits, such as Medicaid.
Request a free consultation to learn more about our affordable offerings and how they could benefit you or someone you love. This meeting is the first step on your journey toward greater financial security through life’s seasons. We welcome the opportunity to assist people of any age and net worth. We can also provide general estate law services for those who may not yet need Medicaid planning.
To partner with our licensed and respected Arkansas estate planning lawyers, call (501) 530-9670 or get in touch with AAPG Law online.
Learn more about our mission, our team, and how we’ve been helping families protect their assets and plan for the future since 1980.
How We Help Families Plan for the Future
Defining Estate Planning
Estate planning is the process of deciding what happens to your money, property, and belongings after you pass away or if you become unable to manage them yourself because of illness or incapacity. You can think of it as creating a roadmap for your loved ones to follow so they know your wishes and can avoid confusion or disputes.
Some of the primary purposes of estate planning are to:
- Make sure your money and property go to the people or causes you care about and are not depleted by medical costs, taxes, or other liabilities
- Provide for loved ones, especially children or dependents with special needs
- Reduce the time, costs, and stresses of legal processes like probate
- Prepare for unexpected situations when you need someone you can trust to make financial and medical decisions on your behalf
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"Comfortable"
Ben and Steve were very helpful in explaining the process.- Marianne S. -
"Very Helpful"
I had a very good experience with AAPG.- Jennifer S.
AAPG Law: Here When You Need Us
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Trusted Support for Families
For decades, families have trusted us to help them make informed decisions about their future with clarity and confidence.
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Personalized Legal Guidance
Every situation is unique, and we take the time to understand your needs, offering tailored solutions for long-term care and estate planning.
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Simplifying Medicaid Planning
Navigating Medicaid can be complex, but we handle the paperwork and planning so you can focus on what matters most.
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Asset Protection That Works
We help you safeguard your savings, home, and other assets while ensuring you or your loved ones receive the care needed.
How Estate & Medicaid Planning Work Together
Proper Medicaid planning requires effective estate planning. One of the biggest reasons for this is Medicaid’s strict asset and income limits. Often, placing assets in a trust (a prominent estate law tool) is crucial for adhering to these limits without having to deplete resources (called a “spend down”) or pay out-of-pocket for long-term care.
Estate and Medicaid planning work together in many other ways, including the following:
- Establishing powers of attorney for healthcare and finances, which are essential in the event you cannot make decisions yourself. These could be temporary or permanent.
- Creating a will to outline how assets not placed in trusts should be distributed upon your death
- Designating beneficiaries on life insurance policies, bank accounts, investments, and other assets to transfer them outside probate
- Using trusts to minimize probate liabilities (from creditor actions to estate taxes), shield assets from Medicaid estate recovery, and provide for children and adults with special needs without risking their government benefits