Introduction:
As individuals age, the need for comprehensive healthcare and long-term care services becomes increasingly important. For many seniors in the United States, Medicaid is a vital resource that provides financial assistance for medical expenses. However, navigating the complexities of Medicaid can be daunting, especially when it comes to ensuring eligibility while preserving one's assets. This is where Elder Law Medicaid planning steps in, offering individuals and families the opportunity to secure their future while accessing the necessary care. In...
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Tag Archives: "Elder Law Attorney"
13 Oct
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Promote Nursing Home Planning for Older Adults!
Concerns about the skyrocketing costs of nursing home care are supported. Some reports indicate nursing home care in Wisconsin costs has risen above the national average. For quality care, many cost $12,000 per month or more. Medicaid may foot the bill, but without proper planning, an individual is typically required to spend his or her life savings before Medicaid steps in.
There are several ways you and your parents can protect their assets and protect them from losing their life...
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13 Oct
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Why Your Estate Plan Should Include More than a Will
A Last Will and Testament is a critical legal document that allows you to accomplish a number of important goals. You can name your beneficiaries and specify the assets you want them to receive, name a guardian for your minor children, and choose the person you want to settle your estate (known as the Executor).In short, a Will helps ensure your wishes are carried out after you pass away. However, in the event you become incapacitated in your lifetime...
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01 Sep
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Why Is a Power of Attorney So Important?
A power of attorney is a legal document that names an agent to make financial or medical decisions. This form is used when the individual known as the “principal” is unable to make decisions for one reason or another, or, cannot be present to sign legal documents during financial transactions.
Everyone should have designated an agent for medical and financial decisions. If you haven’t named an agent, it’s time to draft the documents with an elder law attorney experienced in...
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09 Dec
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Providing Financial Security for Your Spouse and Children With Medicaid Planning
Long term care has now become one of the most common issues for Americans in retirement. Almost each of us is aware of someone who is presently at a medical care facility or nursing home, yet this is something, which we would personally never want to go through. According to recent studies, approximately 50% of Americans over age 65 will need a nursing home or assisted living facility, at some point in their lives. Long term care costs can...
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25 Jun
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Setting the Facts Straight: Things to Know About Medicaid
Medicaid was started in 1965 to provide health-related services to US residents with low income. The healthcare program is designed to assist people of every age and covers short term as well as long term stay in various healthcare facilities. Medicaid planning lawyer is a necessity for people with limited resources and costly needs for care.
1 In 5 Low-Income US Residents Need Medicaid
Medicaid was started in 1965 to provide health-related services to US residents with low income. The...
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26 Nov
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Legal Competency: When Is It Too Late to Create a Will, Trust or POA?
In elder law, I am frequently advising adult children who suddenly find themselves in a place where they need to help an aging parent. When parents end up falling behind on medical bills, or their decision making isn’t what it once was, as it pertains to their medical care, the topic of transitioning control over their personal affairs can be challenging. Unfortunately, signing a power of attorney (POA) over to their children can be seen as a loss of...
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28 May
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What happens to your Assets if you die without a will?
You work hard your whole life saving and investing to have a great retirement. If you were not able to spend all your money before your death, you want to make sure those hard-earned assets are passed to intended family members and/or friends. Without a Will, your assets could be left to your State of domicile.
When a person dies without a Will attorney it is called intestate. Your property will pass through the probate process and the courts will...
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27 Apr
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Situations in Which Your Assets Might Be At Risk
Not all are conscious of the need to have an estate plan in place. The Estate Plan can include a Will or a trust but goes beyond in making sure your assets are managed if you are disabled. It can decrease the taxes, fees, or court costs your heirs may incur after your death. Failure to plan for the management and dispersement of your estate during disability and after death can be very expensive and cumbersome and this is...
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16 Mar
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How can an Elder Law Attorney assist in Medicaid Planning?
We work our entire life to experience life and at the same time save for our retirement and beyond. What happens when we realize we may outlive those assets? It is time to plan for housing and care in the context of Medicaid Law. I work alongside a Life Care Planning agency to plan for best care and lifestyle and help you understand how to use your assets wisely and how to apply for available benefits without becoming impoverished.
Who...
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