Estate Planning (Wills, Trusts, and Powers of Attorney)
The Georgia Advance Directive for Healthcare was adopted by the Georgia legislature and put in place by the Department of Human Resources Division of Aging Services on July 1, 2007. It was created to replace the old living will and power of attorney for healthcare. Prior to 2007, Georgians could execute a living will and…
By now, many of us have heard of the term “Elder Orphan.” An elder orphan has no adult children, spouse or companion to rely on for company, assistance or input. This growing issue has captured the attention of the news media in the last 6 months: Kaiser Health News: Without Safety Net Of Kids…
No one likes thinking about their own or their loved one’s potential incapacity. Unfortunately, many of us will likely find ourselves in need of a financial agent, or someone to step into our shoes and act on our behalf for all financial matters. Almost every day I drive on I-285 here in Atlanta (one of…
I’m sure you saw the headlines in February for the sudden death of QuadrigaCX’s CEO Gerald Cotten. He allegedly died with the business’s passwords, meaning that their 115,000 users couldn’t access their accounts that were valued at over $188 million. The time has come for us all to create a digital estate plan just…
Many of our clients come into the office toting grocery bags, cardboard boxes or backpacks filled with about fifty years of paperwork. As time goes by and our financial situations change, the amount of paperwork we must keep grows exponentially. That said, by the time a person gets to be 70, 85 or 102 years…
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…
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…
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.
“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…
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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