The Kinghorn Heritage Law Group focuses on Estate and Business Planning, Living Trusts, Trust Administration, and Long-term Care & Medicaid (ALTCS) Planning. We counsel clients on the unique legal issues relating to advancing age. Whenever possible, we prefer to help clients plan for the future, avoid probate, minimize taxes, and solidify their legacy. We also help clients plan for possible incapacity and long-term care. We help our clients deal with issues of aging with independence and dignity.
- Arizona Long-term Care (ALTCS)
- Asset Protection
- Business & Succession Planning
- Elder Law & Medicaid Services
- Family-Owned Businesses & Farms
- Incapacity Planning
- IRA & Retirement Planning
- Legacy Planning
- LGBT Planning
- Pet Planning
- Powers of Attorney
- Trust Administration
- Probate
Arizona Long-term Care System (ALTCS)
Confused about Medicaid and ALTCS? You’re not alone! The complexity surrounding this constantly changing area of the law can sometimes feel overwhelming… it doesn’t need to be. Caring for the elderly and ensuring their assets are protected are some of the primary services offered by our law firm.
Asset Protection
As more Americans become entrepreneurs, they discover that wise business planning is essential to their success today and their financial security tomorrow. Our law firm can help you achieve your goals, whether your business is a one-person operation or one striving for a place on the Fortune 500 list.
Business & Succession Planning
On of the greatest joys of building your own business is knowing that you have created something bigger than yourself. Your company can last for generations, providing a good living for your loved ones and enriching your customer’s lives by providing products or services at a fair price. Your company can only accomplish this, though, if you take the right steps to make sure you have a succession plan in place.
Elder Law & Medicaid Services
Elder Law involves planning for the complex health care, long-term care, and other issues facing elderly and disabled individuals and their families. Studies show that we stand a 40 percent chance of needing long-term care at least once before we die. Therefore, everyone should take into account that at some point residency in a nursing home or an assisted living facility may be needed.
Family-Owned Businesses & Farms
Family business owners, farmers, ranchers, and landowners face unique challenges surrounding how to preserve the family business or farm—a symbol of their heritage. Sadly, over 70 percent of all family businesses don’t survive the transition to the next generation. Estate taxes play a significant role in that problem.
Incapacity Planning
Incapacity planning is a broad area of law that covers how you are cared for if you become physically or mentally unable to care for yourself. The type of care could range from simple tasks like buying groceries, paying bills, and handling financial matters to more important decisions such as selling real estate, gifting assets to your children, or making critical medical decisions.
IRA & Retirement Planning
At first glance, the concept of Individual Retirement Accounts, 401(k)s, and other retirement plans seems simple enough: A structured way to save for your golden years while deferring taxes on your growing nest egg. Unfortunately, that simple idea becomes one of the most complex areas of estate planning once IRS rules are applied.
Legacy Planning
The best things in life aren’t things. Such a simple statement, but it holds so much meaning and intent. We know there is value in our financial assets, but more importantly, there is even greater value in our family treasures like family history, morals, beliefs, and heirlooms. These treasured assets are the ones that are most often overlooked in traditional estate planning.
LGBT Planning
Estate planning is critical for everyone: single, married, straight, and LGBT. However, for the LGBT community, estate planning provides protections to help guard against discrimination when people are reluctant to recognize your relationship, even if you are married.
Pet Planning
When it comes to protecting your pet, no one does it better than you do. You love them…You feed them…You make sure they have everything they need to live a happy, healthy life.
Powers of Attorney
If you become mentally or physically disabled, such that you are unable to manage your own affairs, the probate court will appoint someone to take control of all your assets and personal affairs. This process is called Living Probate and is often expensive, time-consuming, and humiliating.
Trust Administration
If your family has experienced the loss of a family member, our law firm can assist you with the legal process that occurs when a loved one passes away. Our law firm strongly believes that a wisely drafted, carefully executed estate plan is the critical component of a family’s wealth management. Our firm’s guiding principle is to provide families with quality Trust Administration and Probate services tailored to each client’s specific needs and goals.
Probate
If your family has experienced the loss of a family member, our law firm can assist you with the legal process that occurs when a loved one passes away. Our law firm strongly believes that a wisely drafted, carefully executed estate plan is the critical component of a family’s wealth management. Our firm’s guiding principle is to provide families with quality Trust Administration and Probate services tailored to each client’s specific needs and goals.
