The Pros and Cons of Designating Co-executors of a Will
Currently, 56% of Americans do not have a will or estate planning document. Those that do typically designate one primary person to carry out our will and ensure our assets are distributed as we wish after we die, but sometimes your situation may be best suited to having a co-executor. Below, I’ll explain the advantages […]
What Is the Medicaid Estate Recovery Program in Missouri?
The medicaid estate recovery program (MERP) allows Missouri Medicaid to seek reimbursement for long-term care costs paid on behalf of a deceased Medicaid recipient. For many Kansas City families, this means Medicaid may attempt to recover expenses from the recipient’s estate, including: Nursing facility services Home and community-based services Hospital and prescription drug services Other […]
What is a Miller Trust and How Does it Work?
Understanding Miller Trusts for Medicaid Planning in Missouri A Miller Trust, also known as a Qualified Income Trust, helps many residents of Kansas City and the surrounding area qualify for Medicaid programs with income limits. Although Missouri does not impose an income cap for Medicaid coverage of long-term nursing home care, these trusts are often […]
What Does an Elder Law Attorney Do? 6 Tips for Hiring One
Hiring an elder law attorney is essential for families navigating complex legal issues affecting seniors, but what does an elder law attorney do? They focus their attention in helping aging individuals and their families address challenges like Medicaid planning, estate planning, and long-term care. In this blog, we’ll cover everything you need to know about […]
Elder Financial Abuse Lawyers: Protecting Seniors from Scams
Elder financial abuse lawyers are becoming more and more necessary as financial exploitation targeting seniors continues to rise. Each year, an estimated $36 billion is lost due to various forms of elder financial abuse across the United States. This growing issue highlights a greater need for legal experts who can help victims and their families […]
How To Avoid Medicaid’s 5 Year Look-Back Transfer Penalties
Why the Medicaid 5 Year Look-Back Period Matters Understanding how to avoid Medicaid’s 5 year look-back penalties is crucial. Before selling, gifting, or transferring assets, you’ll want to make sure you’re not incurring medicaid penalties. These actions can impact eligibility for long-term care benefits, thus impacting a senior’s ability to receive benefits, also known as […]
