Mr. Jordan can help you and/or your parents with many of the legal issues relating to
senior citizens.
These include:
- Wills. The importance of having a will cannot be overstated. 70% of Americans die
without a will, including people with multi-million dollar estates. This places an
unfair and unnecessary burden on their family. A standard will can eliminate much of
the burden associated with the death of a family member.
- Minor's Trust. If you have a minor child, it is usually advisable to put his or her
share of an estate into a trust until the child is of an age when he or she can responsibly
manage the money. This can be accomplished by including a minor's trust in a standard will.
- Charitable trusts. Many people would like to have the work that they accomplished during
their lives continue to benefit others following their deaths. They accomplish this goal
by leaving parts of their estate to a charitable organization through a Charitable Trust.
- Estate planning. If the total value of your estate, including life insurance proceeds,
exceeds the federal exemption limit ($1,500,000 in 2004), then the beneficiaries of your
estate may be subject to estate tax. Estate tax can be reduced, and sometimes eliminated,
through certain estate planning procedures.
-Medicaid qualification. The average cost of a nursing home in the metro Atlanta area is $5000
per month. Financial assistance, through Medicaid, is available to help pay for a skilled nursing facility.
Federal and state laws allow you to plan your assets in a manner that will achieve Medicaid benefits without
having to completely exhaust all of your life savings.
- Living wills. A Living Will is an advance directive that instructs your physician to terminate
life support if you are unable to communicate and have no hope of recovery.
- Health care power of attorney. This document provides another family member with
the authority to make health care decisions on your behalf.
- Financial power of attorney. This document provides another family member with the legal
authority to manage all of your financial and other legal affairs.
- Guardianship. If your parent is unable to make sound decisions, usually as the result of
Alzheimer's or dementia, then you can obtain a legal guardianship of your parent.
- Probate. When a loved one dies, either with or without a will, there are a number of estate administration
documents that must be completed and filed with the Probate Court. In addition, a final tax return for the
estate must be filed with the IRS. Our office can prepare the probate documents and assist you with the probate process.