Our Firm

ABOUT US

For over 25 years, Senior Strategies has specialized in retirement and asset preservation using our team of legal, tax, and insurance specialists to design a safe retirement and estate plan that fits your individual needs.

With offices in Birmingham, Alabama and Franklin, Tennessee, we service the states of Alabama, Tennessee, and Georgia.  You may visit our offices for a free consultation,  and we also make house calls in the privacy of your own home for a free consultation and analysis.

YOUR NEEDS

What are your financial goals and aspirations for you and your family?  Are your assets and income structured to achieve your goals?  Creating a retirement and estate plan to meet your goals involves questions like these and many more.  Whether you are concerned about outliving your assets, higher taxes, transferring wealth to loved ones and charities, or long term care, our comprehensive approach to planning,  positions you for both the expected, and the unexpected.

ESTATE PLANNING

Do you have a solid estate plan?  We help retirees and those nearing retirement implement proper planning to ensure their legacy is preserved as they wish.  Through our preferred network of estate planning attorneys, they can help us create an estate plan for you that makes sure your wishes are carried out according to your plan, so that you can stay in complete control!

RETIREMENT PLANNING

Will you have enough income to support your retirement lifestyle?  Are you aware of how IRA and Pension distributions will affect you?  By planning early, you are in control and can avoid unpleasant surprises by not planning properly. 

PROBATE AND TRUSTS

Is your estate plan built to avoid the disadvantages of probate?  Are you positioned to ensure that children and grandchildren are provided for?  Probate planning and the use of trusts can avoid costly delays and expenses for your heirs, and can provide income for generations to come.

TRUSTS

Trusts were once used by only the very wealthy.  Today trusts are commonplace.  Trusts can not only minimize your tax liability but also create an orderly distribution of assets upon death.

GIFTING

Gifting is an often overlooked way to reduce taxes while you are living and for your heirs.  Gifting falls into two categories: Gifting for current use maximizes the amount you can give away tax free to one or more persons.  In addition to these amounts, trusts can be used to provide loved ones with an immediate, steady stream of income.  The main disadvantage is that you give up control over how the money is spent.  Gifting for future use usually involves putting assets into a trust where the assets remain until a future period of time.  You can control the distribution of assets this way.  This may be very useful if your goal is to keep your estate within the family bloodline.

LONG TERM CARE

Are you prepared for the possibility of needing long term care at some poiint?  Have you thought about the effect of long term care costs will have on your assets and estate?  Many people are surprised to find that Medicare only covers part of the costs of long term care. and with costs upwards of $6,000 per month, a stay of a few months can have a devastating impact on their financial situation!  Ths problem is compounded if a healthy spouse needs the use of these assets (especially the home).  Unfortunately, the spend down of family assets and the potential use of Medicaid becomes the end result.  To qualify for Medicaid, you virtually have to own NO assets!  This is a sad reality for many people.  Fortunately, there are solutions that may enable you to protect your savings and assets from this costly expense of long term care.  Planning early, however, is critical!!