The Law Office of Nancy L. Choate P.C. practices exclusively in the areas of Estate Planning, Elder Law, Trust and Probate Administration, Asset Protection, Business Planning, and Special Needs Planning. Our firm employs a personalized approach to providing legal advice, and we strive to provide a comfortable environment for our clients.
Each client is different and requires us to be good listeners, as well as creative, to determine the best plan for them. We focus on understanding the objectives of each client and serve as a guide to them as they navigate financial, healthcare and estate planning. Our team of professionals look forward to serving you.
Each client is different and requires us to be good listeners, as well as creative, to determine the best plan for them. We focus on understanding the objectives of each client and serve as a guide to them as they navigate financial, healthcare and estate planning. Our team of professionals look forward to serving you.
Services
Many people believe that estate planning is only for people who are particularly wealthy, have elaborate schemes in mind for passing their money to their heirs, or for people who are acutely ill and contemplating their death. This could not be farther from the truth!
Estate planning is for every husband, wife, mother, father, grandparent, business owner, professional, or anyone else who has someone they care about, are concerned about providing responsibly for their own well being and for the well being of those they love, and for anyone who seeks to make a difference in the lives of others after they're gone.
Estate planning is for every husband, wife, mother, father, grandparent, business owner, professional, or anyone else who has someone they care about, are concerned about providing responsibly for their own well being and for the well being of those they love, and for anyone who seeks to make a difference in the lives of others after they're gone.
We can help our older clients and clients with disabilities plan for the future by helping them deal with such issues as Medicaid, Medicare, Social Security, long-term care, asset protection, assisted living housing, and nursing home issues. We can also help them by putting in place a solid Estate Plan.
If estate planning is the process of designing a playbook, estate administration occurs when the playbook is put into action. The process begins with an event that triggers a provision in your estate plan, such as incapacity or death. The plan becomes "executory", meaning that the individuals you designated in your plan documents must step into action and execute according to your instructions.
Most states prohibit so-called "self-settled" asset protection trusts, or a trust you establish yourself for your benefit, yet which purports to protect the trust assets from creditors. However, there is a trend among the states to allow these types of trusts, and several states have recently changed their laws to permit them including Alaska, Delaware, Nevada, Rhode Island, South Dakota, Tennessee, Utah and a few others.
A Special Needs Trust is a trust that can supplement the needs of a special needs beneficiary while allowing the beneficiary to maintain his or her governmental benefits, including Supplemental Security Income (SSI), Social Security and Medicaid.
With medical advancements, persons with disabilities are living longer and public benefits are often necessary, yet there is no guarantee that public benefits will provide adequate resources over the disabled person's lifetime, or that existing public agencies will continue to provide acceptable services and advocacy over a disabled person's lifetime.
With medical advancements, persons with disabilities are living longer and public benefits are often necessary, yet there is no guarantee that public benefits will provide adequate resources over the disabled person's lifetime, or that existing public agencies will continue to provide acceptable services and advocacy over a disabled person's lifetime.
