Estate Planning (Wills, Trusts, and Powers of Attorney)
Last week we met with the adult children of an older couple that needs help. Dad was taking care of mom on a full time basis—she has been living with dementia for the last five years— until he had a stroke. Now mom is receiving 24/7 care from a home care agency while dad’s been…
Read More The other day, we met with a family that wanted to update their wills, powers of attorney and advance directive. This was a couple in their 80s and their two adult children. As is customary in our office, we all sat around my conference room table and reviewed their current situation, their existing estate planning…
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Georgia has an “income cap” that is currently set at $2,250/month for nursing home Medicaid eligibility. This means that anyone this limit must jump through an extra hoop. Hurley Elder Care Law’s blog explains this extra hoop.
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…
Read More Medicaid is a means-tested, government-provided health insurance benefit. It is the largest payer of nursing home care in Georgia. It is also commonly misunderstood. For instance, many people believe that they may have too much income for Medicaid. It is true that Georgia has an income cap. For 2018, that income cap is $2,250. This…
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It is news to many individuals that you can hire a professional to be the trustee or executor of their estate. Whether a will or trust is completed, everyone needs a representative to handle their estate after their death. For most individuals, this representative is a family member. If someone has no reliable family members…
Read More Get yourself a will because dying without one, “intestate,” is a drag for everyone. Not everyone has a will – even Prince died without one. Imagine, all that money and one of the greatest performers didn’t spend a little of it on sorting out his estate. We know that death is inevitable, but we continue to…
Read More On April 15, Americans will file their taxes. April 16, following Benjamin Franklin’s saying, “nothing can be said to be certain, except death and taxes,” is a day for health care decision planning. Each year, National Healthcare Decisions Day (NHDD) is observed the day after tax day. NHDD is a day of education and awareness, aimed at encouraging…
Read More A clear goal in your estate planning should be peace after death. Being flexible and thoughtful in your estate planning can help avoid family feuds over your possessions – their inheritance. Who gets the pink tablecloth? The latest indications are that your heirs will fight over your estate and perhaps even squander a…
Read More There are many legal terms for the roles we can play in an older adults life. Have you ever been asked if you are the guardian or the power of attorney for someone? What does it mean when you hear that someone is the executor or trustee for someone else? How about conservator—what is that?…
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