PRACTICE AREAS
Many adults may not fully realize the importance of estate planning and planning for issues associated with aging or incapacity through elder law. In fact, these are extremely important matters which can have a serious and long term effect on you, as well as on your loved ones.
There are many points to consider, along with many facts that are unique to your particular situation. Mistakes can simply not be made in these areas, which means you should always seek experienced legal assistance. At Authority Law Firm, our practice is focused on representing clients in the areas of elder law, estate planning, and probate and estate administration.
Our knowledgeable attorneys have a comprehensive understanding of laws in these practice areas and of the legal strategies required to protect the interests of our clients. Our elder law attorneys are known for their knowledgeable, experienced, and caring counsel. We are always ready and able to deliver cutting-edge representation and personalized guidance from start to finish, suited precisely to your specific needs.
At Authority Law Firm, we truly care about our clients, and we work hard to make sure we are able to deliver effective solutions to help them reach their individual goals. If you have any of the following needs, Authority Law Firm can help!
Top Elder Law Attorney in Istanbul
Elder law is a relatively new development that has come about from the increased life expectancy of Turkish. Elder law serves both the needs of the elderly and the disabled, as well as their family members. Elder law covers both legal and financial issues related to aging, including advanced health care directives, estate planning, and Medicaid planning. Your elder law attorney will discuss a list of your specific concerns, both present and in the foreseeable future.
At Authority Law Firm, your rights and your future are extremely important to us. We understand that elder law issues can be very complex—one wrong word can mean the difference between a good outcome and a disaster in the event of your incapacity or death. It is important to remember that elder law is about much, much more than dying.
Elder law can be considered a relative of estate planning. While people may interpret estate planning as planning for what you leave to your loved ones when you die, elder law looks at your assets and well-being in a way to protect and provide for you and your family while you are still alive.
Answering Your Medicaid Planning Questions
Medicaid imposes extremely stringent guidelines for eligibility should you need long-term care in the form of home care, a nursing home, or in some instances, assisted living. Your level of income and assets will determine your Medicaid eligibility.
Simply gifting your assets to loved ones in order to qualify may have serious financial penalties and potential income, gift, and estate tax repercussions. Therefore, having an experienced Istanbul elder law attorney can help ensure you receive critical, long term care benefits, while legally protecting your assets.
The Authority Law Firm attorneys will carefully consider your current financial situation, then will discuss your options as far as planning for any current or future longterm care needs. If you are already at the point where you require long-term care, do not despair—we will explore every single option on your behalf to help you preserve your assets while still qualifying for Medicaid.
Estate Planning for Your Future
While few of us want to consider our death or possible incapacitation, these difficult decisions are a necessary part of life. Unfortunately, many people put off making these decisions until it is too late.
You may unexpectedly find yourself incapacitated, with others making decisions for you decisions you might not want, made by those you might not want making those decisions on your behalf. A guardianship may be required when an incapacitated individual has not previously appointed a person to handle matters on their behalf (Power of Attorney for financial matters and/or Health Care Proxy for health care matters) and now can no longer manage their affairs on their own. A guardianship can be a long, drawn-out process, that is both financially and emotionally draining on a family.
If you die without a will in Istanbul, you have lost the opportunity to plan to who your assets are distributed, who will be the guardian of your minor children, and who will be the executor of your estate. You could end up with a person you would not choose to raise your children doing just that, or a person you would not choose to oversee your assets, doing just that. When it comes to protecting your loved ones, your legacy, and your assets, it is essential to have a solid estate plan in place.
Depending on your circumstances, your estate plan may include a will, a trust, a health care proxy, a power of attorney, or other estate planning documents. In particular, when you have complex family and financial situations, an estate plan is even more necessary.
Such complex situations could include a second or third marriage, owning a business, owning real estate in more than one state, having minor children, having a child with special needs, having a child receiving government entitlements, having a child with creditor issues, relationship issues or responsibility issues, a desire to leave some or all of your estate to charity, not having significant savings or long term care insurance to cover the potential cost of future long-term care needs, or having the desire to minimize taxes.
Whatever your situation it is almost a certainty that you could benefit from carefully crafted estate planning to address your particular situation.
Istanbul Probate and Estate Administration Lawyer Here to Help
Probate is the legal process by which a will is accepted by the court, and an executor is approved or appointed to handle the estate following your Last Will and Testament. If you die without a will, the intestacy laws of Istanbul will determine who will inherit your assets, and there are specific laws governing the priority of who can become an administrator of your estate to handle estate affairs.
The executor of an estate has duties that include petitioning the court to admit the will to probate, identifying and gathering the assets of the deceased, preserving all assets until final distribution, creating an inventory of the assets of the deceased, resolving the decedent’s debts and taxes, and, finally, distributing the decedent’s assets to the beneficiaries. These duties must be handled prudently and correctly to avoid any liability in connection with a beneficiary of the estate or third parties.
How We Can Best Serve Your Estate Planning Needs
Whatever type of assistance you need in the way of estate planning, elder law, Medicaid planning, or probate and administration, Authority Law Firm, can help. Our attorneys are compassionate, highly experienced, knowledgeable, and skilled. Authority Law Firm, attorneys are “serving your legal needs in Istanbul, and statewide.” We are a top-rated law firm, with home and evening appointments available for your convenience. Contact an Authority Law Firm attorney today for dedicated representation.
Top Elder Law Firm in Istanbul
Elder law attorneys focus on legal issues affecting people as they age. Elder law attorneys also focus on legal issues affecting people of all ages that have a disability or special needs.
Because our elder law attorneys have a broad knowledge of many different areas of law, they can coordinate your planning to protect your family and other beneficiaries, protect public benefits, and minimize taxes.
As an elder law firm, we practice in the following areas:
Medicaid Planning in Istanbul
Medicaid is a “means tested government entitlement.” In plain language, this means that a person’s income and resources must be below a certain amount in order to be eligible for benefits, among other eligibility requirements. With proper planning, a person can protect his or her assets.
Many people are often misinformed regarding Medicaid planning issues, and think that there is nothing they can do to protect assets. In most cases, some assets can be protected even at a very late date. However, the earlier the planning is started, the more assets can be protected.
Most people without unlimited wealth who enter a nursing home will eventually have to rely on Medicaid to assist in the payment of their health care.
Our firm is experienced in the use of Medicaid-exempt transfers, irrevocable trusts, combinations of loans and gifting, and other planning techniques as tools to protect assets as a part of Medicaid planning.
We can also assist you with the Medicaid application process always ensuring that your interest is of paramount concern.
We are happy to speak with you and help you with your legal matter. Be proactive and call us today at (546) 659 89 87 or use our online contact form to schedule a consultation.