There are many different ways to proceed when you are planning your estate. In these posts, we endeavor to provide information about all the transfer methods that can be utilized. One of them is a life estate, and we will take a look at this approach here. The Probate Process In order to understand why … [Read More]
Why Should I Consider Nursing Home Asset Protection?
When you hear the term “nursing home asset protection,” it may go in one ear and out the other. First, you may assume that it is unlikely that you will ever need nursing home care. Secondly, in the unlikely event that you require the care, Medicare will pay for it, right? Let’s take a look … [Read More]
Veterans Aid and Attendance Pension Can Defray Long-Term Care Costs
The most pressing elder law issue is the matter of long-term care and the costs that go along with it. Just over 50 percent of seniors will need some type of paid care according to the United States Department of Health and Human Services, and Medicare does not pay for custodial care. According to Genworth … [Read More]
Understanding the Medicaid Caregiver Child Exemption
To fully grasp the relevance of the Medicaid Caregiver Child Exemption, you have to understand an unpleasant truth about Medicare and long-term care. In this post, we will provide some background information, and we will then focus on this very useful exemption. Medicare and Long-Term Care Expenses You will qualify for Medicare when you are … [Read More]
Elder Law Responses to the Eventualities of Aging
For the most part, estate planning is devoted to events that will take place after you pass away. At the same time, from an elder law perspective, you should also address the eventualities of aging, and life as an octogenarian can be quite challenging. Cognitive Impairment A lot of people become incapacitated late in their … [Read More]
Are You Prepared for Long-Term Care Costs?
As an estate planning and elder law firm, we speak with people that want to preserve their legacies for the benefit of their loved ones. In addition to the expenses that you would typically anticipate during retirement, long-term care costs are another consideration. This is something that is often overlooked, partially because it is not … [Read More]
Medicaid Planning Can Preserve Your Legacy
When you hear the term “Medicaid planning,” your first reaction may be confusion. Medicaid is a health insurance program for people with very sparse resources. Why would you want to hatch a plan that will put you in this position? This is a good question, and it is at the core of the most pressing … [Read More]
Elder Law Alert: Medicaid Should Be On Your Radar
In addition to the out-of-pocket expenses that you have to pay for Medicare-covered health care treatments and visits, there is one void in the coverage that is a very big deal. If you require living assistance as a senior, Medicare will not help with the expenses. This is the most pressing elder law issue that … [Read More]
Veterans Pension Can Give Wartime Vets a Boost
As elder law attorneys, we have a thorough understanding of government benefits for seniors, and this includes veterans. Most people have heard of the retirement pension that career service members can receive after 20 years of service. The amount that you would receive will increase if you stay in the service for longer periods. This … [Read More]
Elder Law and the Impact of Alzheimer’s Disease
We are all aware of the existence of Alzheimer’s disease, but most people really do not have a thorough understanding of the extent of its impact. This subject is one of the primary concerns within the elder law community, and we examine it in this post. Alzheimer’s Looms Large About six million people are currently … [Read More]
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