Conservatorship or adult guardianship is the legal process by which someone is appointed by a Court to make financial and medical decisions for you if you are incapacitated or disabled. In Tennessee, the person appointed by the Court is called a Conservator. In Mississippi, the person appointed by the Court is called an Adult Guardian. The incapacitated or disabled person for whom a conservator is appointed is called the
Financial Elder Abuse is the financial exploitation of an elderly person. Types of Financial Elder Abuse may include theft of money or property of an older person, forgery of an elderly person's signature, unduly influencing an older person to sign a deed or power of attorney to the benefit of the person committing the undue influence, using a senior's property or possessions without permission, and telemarketing scams directed at the elderly. The perpetrators of Financial Elder Abuse include family members, friends, neighbors, strangers and unscrupulous professional advisors. Most family members who commit Financial Elder Abuse have substance abuse, gambling or financial problems. Factors or conditions which increase the risk of Financial Elder Abuse include loneliness, isolation, recent loss of a spouse, physical and mental disabilities and lack of familiarity with financial matters.
Probate, Elder Law and Business Law. In this section of the website, you'll find the information you need to gain a better understanding of these services. However, the Bailey Law Firm is more than a website. If you have questions, we would welcome the opportunity to speak with you. Please don't hesitate to call us at 901-843-2760.
Your ability to access and receive the information contained in this website does not constitute the formation of an attorney-client relationship between You and this Firm. This Firm does not represent You until You receive a written statement (sometimes referred to as an "Engagement Letter" or "Employment Agreement") from this Firm stating that You have engaged or employed this Firm, that this Firm has accepted the engagement or employment and that You agree to certain terms such as payment of fees and expenses.The content of this website is for information purposes only. The information contained in this website is intended to provide basic, generalized overviews about selected legal topics. The information contained in this website does not constitute, and should not be construed as, formal legal advice by this Firm to You. The legal needs of each person and the fact patterns of each situation are potentially different and unique. Additionally, laws are constantly changing and evolving. Furthermore, for every general rule of law, there are specific exceptions for particular situations. Generalized summaries of legal principles published on the Internet cannot address these issues. Therefore, this Firm encourages You to seek independent legal advice from an attorney licensed to practice law in Your state or jurisdiction regarding Your particular legal matter or situation BEFORE You make any specific legal decisions.Lawyers employed by the Bailey Law Firm, P.C., are licensed to practice law in the states of Tennessee and Mississippi. Your ability to access this website in or from another jurisdiction does not constitute the, and should not be construed as a solicitation to, practice, or the actual practice of, law outside the states of Tennessee and Mississippi.
However, you are not the guardian of any property (such as life insurance proceeds, inheritances, gifts of stock or large sums of cash, or personal injury awards) received by your minor child.
Medicaid Planning
An Elder Law Attorney who has experience in representing Medicaid applicants and preparing long term care plans should be engaged to represent you with Medicaid planning.
The Bailey Law Firm provides you with the knowledge and confidence to help you make informed decisions...for the right results both today and tomorrow. The Bailey Law Firm's practice areas include Estate Planning...
Wills
The Court will consider the appointment of the following persons in the following order: (1) natural parent or parents; (2) person designated in the Last Will and Testament of the natural parents; (3) adult siblings; (4) closest relatives; and (5) other persons.
Trusts
A Living Trust is a revocable, inter-vivos or lifetime trust agreement, which is established and signed by you as the Settlor, as the Trustee, and as the Beneficiary.
Power of Attorney
The agreement must be signed by the Care Recipient (or the Care Recipient's power of attorney holder) and the Caregiver
An estate planning attorney with experience in planning for taxable estates should assist you with estate tax planning so that the strategies utilized will be valid under the applicable federal and state laws, rules and regulations.