As you get older, there are important plans to consider. Preparing for retirement and planning enjoyable activities for your senior years, such as traveling or spending time with grandchildren, are essential. It’s also wise to address potential future challenges, even though they may not be as pleasant to think about. 1. Incapacity The first thing … Read more
Elder financial abuse is a growing concern, with countless seniors falling victim to scams, fraud, and exploitation each year. This type of abuse can have devastating financial and emotional effects, but it can be prevented with the right knowledge and tools. Here’s how you can protect yourself or a loved one from financial abuse and … Read more
At first glance, adding your children’s names to the titles of your assets might seem like a straightforward solution. It’s a path that many find appealing for its apparent simplicity and clarity. However, this approach can lead to unforeseen complications and challenges when trying to avoid probate and Medicaid. Consider the story of Louise Friar, … Read more
How an Attorney can Help When Time is Critical As an elder law firm, one of the most common scenarios we encounter is a family facing an unexpected and immediate need for long-term nursing home care for a loved one. Perhaps there was an unanticipated medical event like a stroke or fall that quickly led … Read more
It’s an inevitable part of life—our parents aging. Beyond the calendar marking the years, signs of their advancing age, both physically and mentally, become more apparent. Witnessing the transformation of our once energetic parents can be an emotionally challenging experience. This progression might unfold gradually, allowing you to transition into a caregiving role. Perhaps during … Read more
When determining whether an individual qualifies for Medicaid, states impose both functional and financial tests. Functional means that the applicant must demonstrate medical need. Financial means that such an individual must demonstrate financial need. With proper planning though, it’s possible to meet the financial need prong even if assets exceed the threshold amount set by the state.