What is the difference between “traditional” estate planning and Legacy Wealth Planning?

June 22, 2018

Traditional estate planning is focused on financial assets and is concerned with avoiding probate and estate taxes. On the other hand, Legacy Wealth Planning is concerned with financial and non-financial assets of a family and creating a family’s personal legacy plan. Legacy Wealth Planning addresses how to capture and transfer family traditions and values, as well as protecting financial wealth for current and future generations.

In this day and age it is very rewarding and comforting to make a major decision for the long-term security of your family. Over 14 years ago we decided upon the Kinghorn Heritage Family to create our family trust. Through the years it became very evident that this decision was a major and necessary step for a secure future in an ever-changing legal climate. The Kinghorn Family has been a close friend that has always been there to serve our family.

Gary and Velma T. Client Review September 8, 2020

We appreciate the programs presented that keep us informed and updated in today’s internet and financial world. It is a comfort to know that you are only a phone call away if questions arise.

Robert and JoAnn H. Client Review September 8, 2020

We enjoyed meeting all the behind-the-scenes people on your team and want to thank you for the peace of mind you’ve given us and our children.

M.D. Client Reveiw September 8, 2020

What an amazing law firm, where the people I refer to them are handled as good friends, family, and confidantes.

Eileen E. Client Review September 8, 2020

Thank you Allison and Kinghorn Law family for everything you have done to make our end-of-life decisions a reality and stress free. When we think of Kinghorn: trust, peace of mind, professional. Outstanding Law Firm!

Ken and Cheryl V. Client Review September 8, 2020

Very satisfied with your company and staff.

Robert and Britt O. Client Review September 8, 2020

Planning Ahead for Medicaid Qualification

You Don't Have to Go Broke Paying for Nursing Home Care!
Maybe your health is declining or you've had a recent "close call." Or you’re healthy but concerned about your family’s history with Alzheimer's or other illnesses…. And you’re worried about who will care for you and how you’ll pay for that care in your later years. At Kinghorn Law we have identified 5 ways to pay for long-term care. Click here to learn about these options.
Planning Early is Vital
In Arizona, the state Medicaid program has a long-term care benefit called ALTCS, or Arizona Long Term Care System. You may qualify for ALTCS benefits to pay your nursing home bills, which can save you thousands of dollars each month! The need for nursing home care does not have to catch you off guard. Planning early is vital. If possible, you should begin planning at least 5 years before you need to enter a nursing home. When you plan far in advance, we can help you work within ALTCS guidelines to create a plan that protects the majority or all of your assets from long-term care expenses.
Benefits of Medicaid Pre-Planning

Protects Your Family Home - Prevents the government from taking possession of your home when you die as a result of "State Medicaid Recovery."

5-Year Look-Back Penalty - Minimizes your risk of facing this penalty and being disqualified from receiving benefits, forcing you to spend your nest egg and your kids’ inheritance to pay for care.

No Gifting Penalty - Protects you from potential gift tax issues by using strategic methods to transfer your assets so they are completely gift tax free!

The rules for qualifying for ALTCS benefits are hyper-technical and it is very important that you work with an experienced attorney to avoid creating ineligibility. We can help you with the proper planning, advice, and implementation so you can qualify for ALTCS without the dreaded "spend down" or losing the family home. Click here to schedule your personal consultation or call us at (520) 529-4000.

Chandler V. Client Review September 8, 2020

Estate Planning attorneys are sometimes criticized for offering needlessly complex, 'canned' solutions. This never has been the case with Kevin. The documents he created were comprehensive when appropriate and surprisingly simple when suitable. In every case, they were individually crafted to meet our unique needs.

Rich D. Client Review September 8, 2020

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Planning Ahead for Medicaid Qualification

You Don't Have to Go Broke Paying for Nursing Home Care!

Planning Early is Vital

Benefits of Medicaid Pre-Planning

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