Arkansas Wills Planning Attorneys
Establishing & Managing Wills During Long-Term Care & Medicaid Planning
You may know that a will is a key part of any estate plan. But did you know it also plays a role in long-term care and Medicaid planning? Establishing and updating a will can be invaluable for protecting your and your loved one's Medicaid eligibility and assets. At AAPG Law, we frequently assist clients in creating, executing, and adjusting wills as part of our comprehensive services.
Thousands of families have counted on us to prepare them for the future. We welcome you to do the same for you. Getting started with us is easy, as it only takes a phone call or message online. Once you get in touch, we can arrange a free initial consultation to answer questions and outline our affordable services.
To speak with an experienced and reliable Arkansas wills attorney, call (501) 530-9670 or contact AAPG Law online.
Why Carefully Managing Your Will Is Important During Medicaid Planning
A will is a legal document that outlines how your assets and possessions will be distributed after you pass away. Additionally, it can give people powers of attorney to make financial and healthcare decisions on your behalf if you become incapacitated. A will can also name guardians of minor children.
Below, we explore the many ways that managing a will can be an important aspect of Medicaid planning:
Hear From Families We've Helped
Our clients often say our services seemed too good to be true—until they saw the results. Read how we’ve helped families like yours protect their assets and plan for long-term care.
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"Very Professional"We would have been lost without them.- Gary H.
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"Highly Recommend"I couldn’t have done it by myself. I had nothing to worry about—they handled everything.- Jimmy W.
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"Awesome Experience"Everyone is nice and helpful, and they were a life-saver in a time of need.- Kristi B.
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"Very Helpful"I had a very good experience with AAPG.- Jennifer S.
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"Comfortable"Ben and Steve were very helpful in explaining the process.- Marianne S.
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"Fantastic"I didn't know where to start. I was grateful to learn about AAPG.- Denese S.
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"Thrilled"AAPG was a lot of help in transferring and protecting property. I couldn't have completed the process alone, especially the way I was feeling.- Robert P.
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"Wonderful"AAPG was very trustworthy and was able to help my family find a place for Dad as well as protect assets. I‘m grateful for the staff at AAPG, I don’t know where my family would be without their help and honesty.- Danny Z.
Assigning Guardians
As with assigning powers of attorney, determining who will serve as a guardian for your child is an impactful decision, especially if your child needs Medicaid benefits. The person you select should be aware of any unique challenges your child may face and capable of managing their needs while adhering to Medicaid guidelines. Without a designated guardian, the state could make this decision for you, which may not align with your wishes or your child's best interests.
Preventing Ineligibility for Medicaid
Many people transfer assets to loved ones and other beneficiaries through wills. This can pose problems for Medicaid eligibility, as inheritances are considered countable assets. If you have a child with special needs or a spouse who must receive Medicaid benefits, opting to transfer assets to them through a trust—instead of a will—may be essential. By doing so, your beneficiaries can maintain Medicaid eligibility and still receive distributions.
Protecting Assets in Probate
In Arkansas, wills must be probated. During the process, an executor (whom you name in your will) settles your estate, meaning they pay outstanding debts and taxes and distribute remaining assets according to your will's terms. Assets in probate could be subject to many risks, such as Medicaid Estate Recovery. This allows the state to recoup Medicaid benefits by filing a claim on your estate. To minimize the impact of Arkansas's Medicaid Estate Recovery, you may want to utilize various trusts to transfer certain assets instead of a will.
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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.
Planning for long-term care and asset protection doesn’t have to be overwhelming. Let AAPG Law guide you through the process with clarity and confidence. Contact us today to schedule your free consultation.
Trust Our Arkansas Wills Attorneys to Guide You
When you trust Medicaid or estate planning with our team, you can expect highly personalized services from attorneys and staff who truly care about our clients and their futures. Schedule a free consultation to learn more about how to best manage your will. In-person and virtual consultations are available. Proudly, we extend our services to those across Arkansas.
You can get in touch through our online contact form or call (501) 530-9670 today.