Estate Planning For Seniors and Veterans With Elder Law Attorney
Estate planning is especially crucial for the seniors and elderly veterans, as they need to make clear, informed end-of-life decisions regarding their assets and their wishes for once they pass on. Estate attorneys specializing in elder and veteran law have a special skill set and experience with the distinct circumstances of such clients, and can […]
When Should You Get an Estate Plan
Many financial planners encourage you to begin an estate plan as soon as you reach legal age and revise it every three to five years. As soon as you turn 18, you are now accountable for your money, healthcare (in certain areas), and power of attorney. You need to ensure that everything is in order. […]
What is the Medicaid Estate Recovery Program and How Does it Work?
Before using Medicaid for long-term care, it’s essential to understand the impact and implications on a person’s estate entering long-term care. It is important to note each state has variations in laws related to estate recovery. Some states, such as Missouri, are considered “probate only” states, wherein the law is slightly different. Each state has […]
Understanding Life Care Agreements
Life is a beautiful gift! We get to experience many joyful moments and moments of sadness add to the fullness of life. We gain knowledge and wisdom as we age and pass on our expertise to our loved ones. However, as we age, we can become forgetful, experience physical ailments, and a deteriorating mental health. […]
Understanding Medicaid’s 5 Year Look-Back Period and Transfer Penalty
Before selling assets, gifting assets, or transferring property, it is vital to understand the impact this may have on an individual’s eligibility for Medicaid long-term care benefits. These may also be referred to as vendor benefits or nursing home benefits. Seniors must understand Medicaid’s look-back period and the regulations and requirements for gifts and transfers […]
How do I Know it is Time for Nursing Home Care?
It is not easy to watch a loved one experience the physical and mental decline accompanying aging. It is even more difficult to decide when it is time for nursing home care. The decision is different for every person and every family but what it all comes down to is quality of life. This […]