Asset Protection
As we wrap up our blog series this month, we are going to focus on legal documents and various types of insurance. Sharing complete information with your attorney allows them to develop a life care plan crafted to you unique circumstances and needs Bringing your existing legal documents to the first meeting with the attorney…
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Last week we discussed how important it was to provide the attorney with information about your health and your health insurance coverage. This week we will explain why sharing comprehensive financial information allows an elder law attorney to advise you about long-term care options and strategies for protecting assets Providing detailed information on income…
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In our July newsletter, we talk about the types of questions that elder law attorneys often ask during an initial consultation, as well as why they are important. From health conditions and existing legal documents to income and assets, elder law attorneys ask a lot of personal questions. You may be asking yourself, “why…
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During your first meeting with an Elder Law Attorney, the attorney will ask an array of questions about your health, your existing legal documents, as well as your income and assets. You may be asking yourself, “why does the attorney need to know all of this information?” Discussing health concerns with an elder law attorney…
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According the to a recent study, 49% of Americans report that running out of money in retirement is one of their main concerns about growing older. [1] With the growing life expectancy and the increasing costs of long-term care, it is no wonder that so many Americans fear outliving their money. The amount…
Read More “Well, it sounds like I should have done this years ago.” A new client’s response to the plan we presented at the end of her first meeting with our team. “Yes, most people should have started this planning way before they needed it.” The majority of the work we do for families involves crisis…
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As you know, the Pension with Aid and Attendance benefit can offer substantial income to help veterans and their surviving spouses pay for long-term care. This benefit, however, is only for wartime veterans. More specifically, a veteran must have served for at least 90 days of active duty, must have a discharge that is…
Read More The recent article in the New York Times, “Too Little Too Late’: Bankruptcy Booms Among Older Americans,” stirred up quite a bit about the financial situation many older adults are facing. As the article points out, many older adults are turning to bankruptcy as a solution to their problems. More Older Adults are Filing for…
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One area of Medicaid law that continues to confuse and scare families is the Medicaid “Death Bill,” or known as Medicaid Estate Recovery. Hurley Elder Care Law’s recent blog shares information on how you can avoid the Death Bill.
Read More “Can’t I just put Mama’s assets in a trust and then apply for Medicaid?” We hear this question maybe weekly. Unfortunately for these families, qualifying for Medicaid is not that easy. Medicaid Asset Limits In Georgia, you cannot own more than $2,000 of countable assets to be eligible for nursing home Medicaid. For a thorough…
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