As life expectancies extend, the elderly population faces an increasing risk of incapacities, such as dementia and Alzheimer’s. These conditions significantly impact decision-making abilities, highlighting the importance of early estate planning. Lifespans, Dementia, and Its Implications The joy of a longer life comes with its challenges. A prolonged lifespan often increases the likelihood of developing […]
Medicaid planning
The Silver Tsunami: Planning for Long-Term Care in a Sea of Gray
Imagine a vast wave, not of water, but of people – the silver tsunami of aging baby boomers crashing towards us. By 2030, an estimated 72 million Americans will be aged 65 and older, nearly double the number in 2000. This demographic shift has profound long-term care implications, not just for society as a whole, […]
Long-Term Care Costs and the Medicaid Caregiver Child Exemption
When considering the future, understanding the Medicaid Caregiver Child Exemption is crucial. But before delving into that, let’s highlight an essential background detail about Medicare and long-term care. Medicare and Long-Term Care Expenses Once you hit 65, if you’ve worked and paid taxes for at least a decade, you’ll qualify for Medicare. If you’re married, […]
Your Long-Term Care Options: Medicaid
Most people do not have estate plans, but many of those that do have been quite diligent. They have a will or a trust that will facilitate asset transfers after they are gone, and they have a living will and durable powers of attorney to account for possible incapacity. If you have taken these steps, […]
Medicaid Planning Explained
The term “Medicaid planning” can be confusing on the surface. Medicaid is a health care program for people with very limited resources. Why would you want to try to be in this position? This is a very good question, and we will provide the answer in this post. Medicare Inadequacy You earn Medicare eligibility when […]
Five Reasons to Consult With an Elder Law Attorney
When you hear the term “elder law attorney,” on the surface, it can be a head-scratcher. Why would elders need a special type of lawyer? This is a good question, but there are some eventualities that seniors face that have legal ramifications, and we will look at five of them in this post. Update Your […]
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