What Happens if Someone Dies Without a Will?
Most people associate the concept of a will as being the final arrangements to be made to close a deceased person’s estate. When there is no will, people often wonder what happens next.
(more…)Does Medicaid Pay for Home Care?
Most people know that Medicaid is the service that helps people to pay for part, or sometimes all, of the costs associated with assisted living. But will Medicaid also pay for in-home care services? Some people prefer to live at home as opposed to moving into a nursing home situation. Even though the person will be living at home, they still need some sort of financial assistance. Not everyone may be able to get assistance from family or friends.
(more…)Power of Attorney and Assets: What Can I Transfer?
There are plenty of myths and misconceptions about exactly what a power of attorney allows a person to do. If you are your parents’ power of attorney and you want to take action on their assets, are you allowed to under the law. The abilities of a power of attorney vary from state to state. However, there are some commonalities that fall under the federal Uniform Power of Attorney Act. These can help answer asset questions.
(more…)What Happens to my Assets when my Spouse is put in a Nursing Home
Life is full of details. Those details often make a huge difference. When your spouse transitions into a nursing home, you might feel that your assets are in some kind of danger. What happens to your assets when your spouse is in a nursing home being paid for in some way by Medicaid? What happens when you stand to lose all your assets to the nursing home? (more…)
Do I Really Need a Naples Estate Planning Lawyer?
When the hard-working people of Naples, Florida start to put their affairs together towards the end of their lives, they often do not realize or understand what they are looking at. As they make plans to transition into an assisted living facility or consider ways of funding their long-term care needs, they run into issues that often require the attention of a professional. There are many good reasons why Naples residents need an estate planning lawyer.
(more…)Trust or Will: Which One Should I use to Handle my Marco Island Estate?
Marco Island is a place where families enjoy the Florida sun and people do their best to accumulate wealth to pass on to their dependents. Estate planning is something that should be done by a professional. However, there are still plenty of questions that people ask when it comes to setting up their assets for administration after they pass on. One of the most common decisions people have to make is whether to use a will or a trust. There are different situations for both types of documents, and it is hard to make a bad decision when you are following the advice of an estate planning professional. (more…)
When is the Best Time to sell a Medicaid Recipient’s Home – Now or After Death?
Having an elderly loved one placed into an assisted living facility can be both a relief and stressful. It is a relief because you know that your loved one is getting the kind of care they need from trained professionals. It can be stressful because if you are utilizing Medicaid to pay for the costs of the facility instead of private pay, then the life of your loved one becomes permanently intertwined with Medicaid. If your loved one is using Medicaid to pay for their assisted living and they own a home, should you sell that home now or wait until your loved one passes on?
(more…)Trust Options for Those with Disabilities in North Fort Myers
Parents of children with disabilities and people with disabled family members often worry about how they can provide for the care of their loved one without interfering with government benefits. In most cases, government help is appreciated, but it does not offer enough financial support to maintain a good quality of life. If you or someone you love has disabilities, then you need to learn about legal trust options that will allow you to care for them without interfering with government benefits.
(more…)What is an Elder Law Lawyer?
The field of elder law deals with all of the legal subjects that affect people as they age. If you do not pay attention to legal details as you get older, then your family’s assets and their future could be exposed to problems. While the field of practice is called elder law, there are many good reasons why people of all ages should be seeing an elder law attorney. (more…)
Preserve Your Assets with the Florida Medicaid Laws
When you or someone you love need to be transitioned to an assisted living facility, one of the first things that needs to be done is apply to Medicaid. Medicaid can provide financial assistance in paying the monthly fees. Medicaid looks back at the last five years of your financial transactions and your current financial situation. This is done to determine how much of your assets can be liquidated and used to pay for your long-term care needs. Before you apply for Medicaid, there are ways to protect those assets under the laws of the state of Florida.
(more…)