An estate plan implemented by BOTJ Investment Services can help you and your family protect and secure your assets. It can act as a shield against nursing home costs, and as a roadmap for navigating the challenges of advanced care and beyond. It puts you in control – not only of your future, but your family’s future too.
We’ll help you and your family:
Protect your assets from nursing home costs
We’ll structure your assets to your best advantage*. By utilizing Medicaid Planning Trusts** and other shielded vehicles, many clients find themselves fully covered by Medicaid, and can avoid making private contributions toward nursing home care altogether.
Appoint a health care proxy
We’ll help you designate a Health Care Proxy, to assist with your medical decisions. If you ever become incapacitated, your loved ones and caregivers will know exactly who to contact for decisions about your medical care.
Avoid probate court
With a properly structured trust, your beneficiaries can avoid the delays, legal expenses, and uncertainties of probate court. Estates can be settled privately in less than three months, as opposed to a year or more through probate. Plus, you can be certain your assets will be disbursed exactly as you intend, without a court’s intervention or interference.
Maintain your finished estate plan
Once you have a plan, we can help you keep it up to date to reflect changes in your financial situation and beneficiaries. We can perform periodic reviews and provide recommendations to keep you protected.
*Bank of the James does not provide tax or legal advice. Please consult your tax or legal professionals for your particular situation.
**Bank of the James does not set up trusts, but can open accounts for trusts.