Protect Your Assets and Your Well-Being Through the Storm

Protecting your well-being is just as important, if not more important, than protecting your assets when a crisis strikes. A customized General Durable Power of Attorney can detail your choices for who will manage your finances, your legal obligations, and implement updates to your planning as you would do if you were able to continue asset protection or preservation of assets for beneficiaries. A thorough Advance Healthcare Directive directs not only your end-of-life treatment decisions, but it appoints someone who you trust to make medical and mental health decisions, as well as other decisions to nurture your well-being and maintain your dignity. Discuss your wishes with the people you consider appointing as your primary, successor, and alternate successor Agents will be honored, and prepared, to act for you and implement your wishes.

If you have sizable wealth, we can create a complex plan to ensure generational wealth and reduce exposure to estate taxes. Your legacy can be preserved, and simultaneously provide for your loved ones’ needs, comfort, and best interests for generations to come.

If you are concerned about the assets you worked hard for your whole life being lost to long term care costs, if the window of opportunity is still open, we can create a complex asset protection plan to preserve assets for your loved ones, and attain your Medicaid eligibility.

If you wish to leave a bequest for someone not in the tree trunk of your family tree, known as “Class C” or “Class D” beneficiaries whose inheritances are subject to New Jersey Inheritance Tax ranging from 11% to 16% depending on which class and the value of the inheritance, we can engage in strategies to avoid the tax. Examples include Adult Adoption, Domestic Partnership, and bequests with life insurance.

We can help you navigate the Medicaid application process and participate in fair hearings if Medicaid eligibility is denied.

You don’t know what you don’t know. Edwards Estate & Elder Law can educate you, and guide you in preserving your assets so you can age with grace, and create legacies that can provide for generations.