Must I Liquidate My IRA Before I Can Apply for Medicaid?
Can a nursing home make a person who is in the home liquidate money in an IRA and spend it down to pay for care, before they can apply for Medicaid?
How Do I Find a Great Estate Planning Attorney?
Estate planning is a critical part of financial planning, but something many Americans procrastinate about. Drafting a will and a health care proxy or power of attorney, maybe creating a trust, and maximizing your loved ones’ inheritances by minimizing taxes are all important matters you don’t want to leave to chance.
What Types of Long-Term Care is Available for Veterans?
If you served the United States of America as a member of the armed services, you may be entitled to certain benefits that could make some aspects of getting older a little easier.
How Much Will Long-Term Care Cost?
Many people are frightened of long-term care costs—for good reason.
Planning for the Impact of Medicaid
When a spouse enters a nursing home, the cost of care can be financially devasting. Many families are simply unable to afford long-term care, without applying for Medicaid. To qualify for Medicaid, there are limits on the resources that an applicant may have. Resources include both income and assets.
Why is an Advance Directive so Important with Dementia?
When it comes to the prospect of dementia, advance directives are critical because the disease is progressive.
Long-Term Care Costs and Your Estate Plan
Remember that the role of an elder law attorney is to be a client-centered advocate, which is a different assignment than being a taxpayer watchdog.
Will a Reverse Mortgage Help Me in Retirement?
While it’s common advice that retirees should avoid borrowing if possible, situations could arise when it will be necessary. Where to turn?
Should You Get Personal Care Agreement to Care for Mom?
About 40 million people are helping to care for older relatives and friends. Some leave their jobs to do so, and some end up as live-in caregivers. All give up much of their personal freedom. Should they be paid for their work?
Are You Making a Long-Term Care Plan?
Middle-income earners are more focused on planning their funerals than arranging for long-term care, a new study found.