Before we share an important detail of the CARES Act that you should understand if someone that you love is in a nursing home, we have to share some cold hard facts. You may think that it is unlikely that you will ever require nursing home care, but the statistics tell a different tale. Aging and Long-Term Care The United States Department of Health and Human Services maintains a very informative website called LongTermCare.gov. According to the site, 70 percent of seniors will someday need … [Read more...] about Nursing Home Residents Can Keep Stimulus Checks
Elder Law
Elder Law Attorneys Confront Inconvenient Truths
Elder law attorneys focus on the legal needs of senior citizens, and unfortunately, the most pressing issues are quite challenging. It is best to confront them head on so that you are fully prepared for whatever comes your way in the future. With this in mind, let’s take a look at two inconvenient truths that everyone should fully understand. Elder Financial Abuse Senior citizens that are vulnerable are often victimized by elder financial abusers and fraudsters. This is a problem that has … [Read more...] about Elder Law Attorneys Confront Inconvenient Truths
Does Medicaid Seize Your Assets?
Before we get into the question that this blog post is built around, we will set the stage with some background information. Medicaid is important from an elder law perspective even if you have never been financially needy throughout your life. This is because Medicare will not pay for the custodial care that you would receive in a nursing home. These facilities are extremely expensive, carrying an average price tag of well over $100,000 a year in both areas that we serve. The average … [Read more...] about Does Medicaid Seize Your Assets?
Recognize the Importance of Medicaid Planning
If you have never looked into the subject of long-term care and the costs that go along with it, you are about to obtain some very important information. In this blog post, we will explain why Medicaid planning is something that should definitely be on your radar. Limitations of Medicare If you work and pay taxes for at least 10 years, or if your spouse has done this, you will qualify for Medicare when you reach the age of 65 under currently existing laws. This health insurance program for … [Read more...] about Recognize the Importance of Medicaid Planning
Nursing Home Costs Can Erase Your Legacy
Everyone is aware of the need for retirement planning, and you can enjoy your golden years to the fullest if you take the right steps to build a sufficient financial underpinning. You can spend quality time with your family and friends, travel, enjoy leisure activities, and simply cross things off your bucket list. This can be one of the best periods of your life, but you should also consider the twilight years that will follow. When you reach the age of 67, your life expectancy is at … [Read more...] about Nursing Home Costs Can Erase Your Legacy
A Conversation With an Elder Law Attorney
As elder law attorneys, we speak with a lot of people that are interested in learning about the eventualities of aging from a legal and financial standpoint. This gives us a unique perspective, because we know exactly what most folks are thinking about. With this in mind, we will share a hypothetical conversation between one of our attorneys and an inquisitive client. What specific matters do elder law attorneys address? Elder financial abuse is one of the issues that you should consider when … [Read more...] about A Conversation With an Elder Law Attorney
New York Updates Medicaid Parameters
If you are going to qualify for Medicare as a source of health insurance when you reach the age of 65, you may have no interest in Medicaid. Why should you care about a health insurance program for people with very sparse financial resources when you will have assets and Medicare coverage? This is a very good question, and we have to convey some bad news to deliver the answer. Medicare will cover convalescent care after surgery or an injury when recovery is anticipated at some point. … [Read more...] about New York Updates Medicaid Parameters
Can You Give Away Asset to Qualify for Medicaid?
Before we get to the question that serves as the title of this post, we have to provide some background information for the uninitiated. You may wonder why Medicaid is relevant to senior citizens when most elders will qualify for Medicare. It is true that both programs are government run health insurance programs, and they do cover many of the same things. There is however a huge difference that will explain a lot. Medicare will not pay for custodial care. This is the type of care that you … [Read more...] about Can You Give Away Asset to Qualify for Medicaid?
Connect With the Vermont Chapter of the Alzheimer’s Association
Our law firm is devoted to estate planning and elder law matters, and we have an office in Essex Junction, Vermont. It is truly a fantastic place to call home, and the area provides residents with the best of all possible worlds. Perhaps the best thing about the city is the fact that it is a close-knit community, and locals genuinely care about one another. There are resources that people can tap into when they need assistance with all different types of challenges, and one of them applies to … [Read more...] about Connect With the Vermont Chapter of the Alzheimer’s Association
Face Elder Financial Abuse Head On
One of the most pressing elder law issues at the current time is that of elder financial abuse. It can be hard to imagine a time when you would be able to keep tabs on your affairs and detect threats, but things can change when you get older. Clearly, this is not a very pleasant subject to contemplate, but it is wise to meet it head on so that you can take the right steps to protect yourself. Even if you are always safe and sound on this level, there is nothing lost if you put the necessary … [Read more...] about Face Elder Financial Abuse Head On
