Senior Forums Newsletter

2.) Adroit financial planning can avoid orVOLUME reduce 1 the NUMBER 1 JULY 2008 federal estate tax, North Carolina inheritance tax, and ABOUT THE ATTORNEY probate costs upon an individual’s or married couple’s death; and TheDANIEL L. TAYLOR 3.) Execution by the Senior Adult of detailed, comprehensive, and powerful documents can protect the Senior’s rights, health, and property, thereby avoiding the Daniel L. Taylor, Sr., has engaged need for a guardianship and the Court being involved in in the private practice of law for the Senior’s affairs in the future. The required documents ElderLaw/over twenty-seven years and may include a Will, Living Trust Agreement, General currently maintains law offices in Durable Power of Attorney Agreement, General Durable Charlotte, North Carolina. He is Health Care Power of Attorney Agreement, and Living Will; the founder and Principal of the and ElderCareLaw Offices of ElderLaw/ElderCare 4.) Asset protection and transfer planning can protect Planning Services, a private law assets from law suits, creditors, government taxing firm providing creative solutions authorities, foreclosure, divorce, bankruptcy, probate, and to long-term legal, financial, and Monthly nursing home costs; and medical care planning needs of 5.) Medicaid Planning and asset protection planning can Senior Adults and members of expedite qualification for the maximum benefits available their families. under the Medicaid program as quickly as possible when a Report family member or other loved one needs such benefits to Having received his B.A. degree pay for family member’s or loved one’s nursing home with Honors from the University of PROVIDING FOR YOUR LONG-TERMcare, assisted CARE living community care,A Publication or home care, Of while North Carolina at Chapel Hill, Mr. DURING INCAPACITY, DISABILITY,at the same time, OR saving and preserving the family Taylor earned his J.D. Degree from CATASTROPHIC ILLNESSmember’s or loved one’s home, savings,THE LAW and OFFICES other assets Harvard Law School in Cambridge, (Example: In the event of Alzheimer’s, prolonged or Massachusetts. He is a practicing OF catastrophic illness); and memberMost older of theAmericans North Carolina have not developed a Long-Term Care 6.) Assist seniors in exploring a variety of appealing PlanState that Bar, adequately the Mecklenburg provides for their medical care, age- ELDERLAW/ELDERCARE lifestyles and age appropriate housing choices; and appropriateCounty Bar, housing and a member accommodations, of the and other financial 7.) Advice and assistance to ExecutorsPLANNING or Administrators SERVICES requirementsNational Academy during of a Elderperiod Law of incapacity, disability, or catastrophic illness. However, if such incapacity,with regard disability, to the administration or and settlement of a Attorneys and the Elder Law catastrophic illness should occur, all seniorsloved want one’s to estate receive so theas to make the probate process as Section of the North Carolina Bar ~ best medical care services and age-appropriateunderstandable, housing comfortable, and affordable as possible. accommodationsAssociation. available, while having their other financial Thus, in selecting a Long-Term CareDANIEL Plan L.that TAYLOR satisfies the requirements met for as many years as possible—even if that client’s objectives, the Elder Law attorney must, in varying means Mr. Taylor spending is currently all of their the lifetime host of savings. At the same time, degrees, perform the roles ATTORNEYof an Attorney, AND Financial COUNSELOR theyThe wantSeniors’ to leaveForum as radio large program an estate as possible to their family Planner, Tax Advisor, Small Business Counselor,AT LAW Insurance members,which is broadcast other loved every ones Saturday and favorite charities. and Investment Analyst, Social Worker, and Family morningA senior individualbetween 9:00 or married and 9:30 couple can accomplish both of Counselor. 9115 Harris Corners Parkway theseon FM objectives Radio Station by employing 106.1 an Elder Law Attorney to The reasonable fee charged by an Elder Law attorney for prepare(WOLS). for Mr. him, Taylor her, discussesor them a a Long-Term Care Plan which Suite 220 such comprehensive long-term care planning services can encompassesnew ElderLaw the / ElderCare following topicseven components: save an individual or married coupleCharlotte, thousands NC 28269 of dollars, 1.)eachCreative, week on skillful the radio estate show. planning can avoid or reduce the provide peace of mind, and prevent much individual and federal estate tax, North Carolina inheritance tax, and 704-596-7001 probate costs upon an individual’s familyor married distress. couple’s death; and