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
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
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
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?
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
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
When you are looking ahead toward your retirement years, you may focus on the initial stage, when all the fruits of your labor can be harvested. You can enjoy leisure activities, spend time with family members and friends, and cross things off your bucket list. This stage of your life can certainly be very special, but it is also important to consider the twilight years that will follow. The Next Plateau As time goes on and the years pass, you may start to feel a lot less energetic than you … [Read more...] about Genworth Unveils 2019 Long-Term Care Costs
Medicaid and Long-Term Care Planning can be very confusing because of the extensive system of rules in place. To understand the significance of the question that we are focusing on here, some background information in helpful. The majority of people over the age of 65 will need living assistance eventually, and nearly 4 out of every 10 American senior citizens will someday reside in nursing homes. Additionally, the life expectancy for a 67-year-old man is 85 years, and that figure is 87 for a … [Read more...] about Does Medicaid Count Assets in a Living Trust?
Before we get to the specific focus of this pointed post, we have to provide some background information so you know why any of this should matter to you. If you have never been financially needy, and you will qualify for Medicare when you reach the age of 65, you may wonder why Medicaid is relevant to you in any way. After all, you will already have health insurance, and you wouldn’t qualify for the program anyway, because you are going to retire with a sufficient store of financial … [Read more...] about A Look at Medicaid Community Spouse Provisions
You are probably aware of the fact that Medicaid is a government health insurance program that is in place to provide a safety net for individuals that have little to no financial resources. A lot of people that have worked all their lives while saving for retirement wonder why this program would ever be relevant to them. If you are confused on this score, you should certainly understand some facts about nursing home care and the costs that go along with it. If you work for at least 10 … [Read more...] about Albany Medicaid Planning: All Assets Do Not Count