Updates from Solkoff Legal

Estate planning happens after death and elder care law plans for those facing aging issues, according to board-certified elder care attorney Scott Solkoff.

 

Estate planning happens after death and elder care law plans for those facing aging issues, according to board-certified elder care attorney Scott Solkoff.

He spoke about the ethics and benefits of long-term care asset protection planning at a recent session of the ACE Lifelong Learning Center at Mandel JCC of the Palm Beaches, 8500 Jog Road, in Boynton Beach.

Solkoff joined his father Jerome Ira Solkoff’s law firm 22 years ago. His father co-founded the Elder Law Section of the Florida Bar in 1991, serving as chairman from 1991 to 1993. Scott Solkoff was chairman from 2003 to 2004 when membership was 1,600. Today it is 1,700.

“Elder care laws were passed in 1980. Elder care is ‘real stuff’ helping seniors,” Scott Solkoff said. “For many, the immediate question is why they can’t simply rely on their savings, health insurance, retirement and Social Security. The assumption is that with some basic preparation and existing government programs their future is planned for.

“The problem is it fails to account for two things: the high out-of-pocket costs for the growing needs of the elderly and the difficulty of navigating the existing government programs that may be able to assist.”

Solkoff cited a 2016 Genworth study quoted in a Forbes article: “Nearly a third of Americans (30 percent) believe home health care expenses are under $417 a month, but according to Genworth’s number crunching, the national median rate is about nine times that.”

“Most people have a revocable living trust,” he said. “If incapacitated, money you have is used for your care, for your protection while still alive. It is used to avoid probate. Recommended by elder care lawyer specialists is an irrevocable trust document.”

Solkoff related a case history.

ACE Lifelong Learning Center at the Mandel JCC has over 100 classes Monday through Friday covering topics such as history, current events, entertainment and personal growth, among others. Visit JCConline.com/ace or call 561-740-9000.

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Best Lawyer I ever met! Mr. Solkoff represented me and my parents. He was able to protect their savings which were being spent at an astounding rate first for home health aides and then for my Dad's nursing home care. We paid one fee and he represented us for over three years. Never charged another penny and even suggested other documents and did not charge extra. I think we got to know the whole office because they all work together. Mr. Solkoff was recommended by my attorney in New York and then two other lawyers in Florida. I have learned in life that if you need surgery, find out who the other surgeons would go to for their family. Same with lawyers. I am a businessman. I work with lawyers a lot. This was by far the best experience I have had. Worth every penny. He literally wrote the book. This guy is the real deal and humble too. He was so patient with my mother.

Martin

Excellent. It was a great comfort knowing that my mom was protected, and she would be able to age gracefully, either in place or at a nursing home. Solkoff legal has been there from the beginning, and everything has worked out perfectly and as expected. The peace of mind is really worth it!

Amy

Top elder law attorney. Both personally and professionally, I have utilized Solkoff Law for over 10 years. Personally, he has helped my dad before he passed at 101. His expertise and knowledge helped dad pass in a beautiful assisted living facility because of his work in family asset protection. He has prepare custom documents for me and my wife who is disabled. Professionally, he has helped dozens of my clients in long term care planning and for caring for a child of special needs. I have shared the podium with Scott and have been in meetings with his clients and mine. He is one of the most skilled attorneys that I have ever worked with in 30 years of wealth management practice. His staff is first rate and always responsive to my calls or those of clients. I have gone on end of life hospital visits with him to complete planning to help the family when their loved one is about to pass. Solkoff Legal is first class, knowledgeable, caring and accessible They are the team you want on your side with your planning and problems.

Paul

A great firm. I have used Solkoff Legal to set up all my legal documents in order to prepare for our needs in later life. I found Scott and all his associates to be knowledgeable and fully aware of my requirements. When a situation arose that caused us to use some of the documents (Power of Attorney, Health Care Surrogate) he suggested I knew that I was completely covered. I know my future is secure because I used this firm.


stu6653

When it comes to elder law, trust and estate planning, and medicaid asset protection, there is no name that is better known throughout Florida than SOLKOFF.  I have used Solkoff Legal for a long time, as has members of my family and clients whom I have referred. Attorney Scott Solkoff and his staff are true experts in this field, are consummate professionals, and have the client's best interests at heart. In fact, I believe Solkoff has received many awards not only for his humanitarian work in his community, but from his peers for his professional excellence.  I would recommend Solkoff to anyone looking for the very best...A+++!

Marc H.

I highly recommend Attorney Scott Solkoff and his staff. He handles the wills and trust for my family, always with remarkable service. He is extremely knowledgeable, professional and kind.

Claudia

These testimonials contain information about the firm’s past results, and individual opinions about the lawyers and firm’s quality based on individual experiences. Testimonials are voluntarily written by those with previous experience with the firm. Because each case is different, prospective clients may not achieve the same or similar results.