Timothy H. Stallings, Esq., is a Founding Partner of AlterStallings, an estate planning and elder care law firm in Independence, Ohio.
A Certified Elder Law Attorney (CELA) through the National Elder Law Foundation, Tim grew up in Yorktown, Virginia before coming to Ohio for law school. Nowadays, Tim spends his time helping his clients deal with long-term care.
The tax landscape and long-term care landscape was much different when the firm was founded, he notes. Much of the estate planning was focused on avoiding probate and minimizing the estate tax. With the estate tax currently being a non-issue for most families, his planning has shifted to helping create plans to protect retirement assets from excessive income tax and sheltering assets from rising nursing home costs.
