Medicaid, Long Term Care

Avoid Going Broke to Pay for Staggering Nursing Home Expenses

Seventy percent of people turning age 65 can expect to use some form of long term care (“LTC”) during their lives. One-in-twelve individuals age 65 and older will experience a dementia-related condition; a full 50% of those older than 85 will. In the next 20 years, the number of seniors reaching 100 years will more than double.

HOW MUCH IT COSTS

The Holidays Are A Good Time to Plan, Protect and Provide

During the holiday season, it is appropriate to reflect upon our many blessings: family, material resources, and abundant opportunities available only in America. In the midst of celebrating family and the holidays, take the opportunity to create or review your estate plan and talk it over with your family. You have so much to protect.

Working With an Elder Law Attorney and Geriatric Care Consultant

The prospect of a loved one becoming disabled, incapacitated, or entering into a Long-Term Care (“LTC”) nursing facility is daunting. There are myriad, deeply-complex issues to navigate through to identify and provide the appropriate and compassionate level of care for a spouse or elderly parent in dire circumstances.

The Ten Most Avoidable Estate Planning Mistakes

Only 4 in 10 Americans have an estate plan in place, and many of those have the wrong estate plan. Estate plans are not just for the rich and famous. Most people have at least one thing of value, such as money in the bank, a car or a home. Far too often, people make the mistake of failing to properly plan for economic security for their families should they encounter incapacity or death.

Proving a Transfer was Made for a Purpose Other Than to Qualify for Medicaid

Medicaid law imposes a penalty period if you transferred assets within five years of applying, thus increasing your burden to pay for long-term care. But what if the transfers had nothing to do with Medicaid? It is difficult to do, but if you can prove you made the transfers for a purpose other than to qualify for Medicaid for long-term care (LTC), you can avoid a penalty.

How Does the Medicaid Look-Back Period Work?

One area that causes a lot of confusion with regard to Medicaid is the look-back period. Medicaid, unlike Medicare, is a means-based program, which means that you are only eligible for it if you have very few assets.

Estate Planning Involves More Than a Sticky Note

There are some moments in life that merit planning and focused effort beyond just writing something down on a sticky note to place on your refrigerator. Example: someone calls an attorney’s office “just to ask a question” about a legal issue and is surprised to be told that a consultation is required before advice can be provided.

Addressing Long Term Care and Estate Planning

America’s elderly and disabled members face a looming crisis.  A gathering storm approaches.  And it centers on the ever-increasing costs of providing care to those who are unable to care for themselves.  Millions of our citizens are forced to go broke, spending down their hard-earned life’s savings and selling their homes, to pay for nursing home or other Long Term C

Resolve to Protect Your Assets and Legacy Using Estate Planning Secrets

The new year is the perfect occasion to finally take control of your and your family’s future and financial security in the event of your death or incapacity.

The Ten Most Avoidable Estate Planning Mistakes

Only 4 in 10 Americans have an estate plan in place, and many of those have the wrong estate plan. Estate plans are not just for the rich and famous. Most people have at least one thing of value, such as money in the bank, a car or a home. Far too often, people make the mistake of failing to properly plan for economic security for their families should they encounter incapacity or death.

Would you like to schedule a time to discuss?
We have a wealth of experience in Wills, Living Trusts, Geriatric Care Planning and Estate Planning.

 WesolickLawFirm@gmail.com

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