Guardianship, Medicaid Planning
There are usually serious challenges for both parent and child as an aging parent loses the ability to care for himself or herself. In some cases, the parent may have only nominal limitations. In others, a parent may be fully incapacitated. A parent may be mentally...
Asset Protection, Medicaid Planning
Exploitation of seniors is an extremely serious issue. Financial abuse costs seniors 2.6 billion annually, according to a study by MetLife, although four out of five cases are not reported. In the majority of those cases, family members and caregivers are the...
Medicaid Planning, Medical Myths and Misconceptions
ththI occasionally meet with people who have chosen to transfer their home to someone else while they are still alive. They do this by signing the deed to their home over to a child, spouse or someone else. When the deed is signed over, that home – in many...
Long Term Care Planning, Medicaid Planning
The need for long term care can last for years. This is true even for residents of nursing homes, the most expensive level of long-term care. According to one study, most nursing home patients will be there for at least a year. In fact, almost 25% will remain patients...
Long Term Care Planning, Medicaid Planning
How do you pay for long term care needs? Seventy percent (70%) of seniors will need some form of long term care. Yet Medicare and your health insurance policy will not pay for those costs. Many assume they must pay for long term care (LTC) out of their own funds or...
