Blog: long term care planning
Why Estate Planning and Medicaid Planning Take Different Paths
Clients frequently ask “Doesn’t my revocable trust protect my assets if I get sick and require long term care services?” Clients are surprised when the answer is that their revocable trust assets, which they control, are countable if the client has a chronic illness and wants to apply for Medicaid. Clients want to stay in control of their…
Elder Law Issues Affecting People Diagnosed With Multiple Sclerosis
People diagnosed with Multiple Sclerosis, at any age, are affected by the disease on many different levels: physically, possibly cognitively in the later stage of the disease, in their close relationships and potentially their employment ability. The earlier that people create a legal plan the greater likelihood they can remain independent and autonomous in their decision-making. Individuals…
Don’t Make These 7 Medicaid, Long Term Care Planning Mistakes
Proper planning is required to obtain Medicaid assistance. When people encounter chronic illnesses and face depleting financial resources, consulting with a certified elder law attorney will help you avoid long term care planning and asset preservation pitfalls: Transferring the house: People who transfer their home to their children will find themselves ineligible for Medicaid. The…