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Benefits of a Qualified Income Trust
Navigating the world of Medicaid can be complex. One term you may come across is "Qualified Income Trust" (QIT). But what exactly is a QIT? How does it work? And why is it relevant to Medicaid eligibility?
Creating a Safe and Accessible Home for Your Golden Years
“Aging in place” is a goal shared by many seniors. If you want to stay in your home for as long as possible, here are some practical steps to take.
Parenting Your Parents: A Guide to Caregiving and Legal Considerations
As life comes full circle, navigating the complexities of caring for aging parents involves not only emotional and logistical considerations but also crucial legal aspects.
What is Elder Law?
May is National Elder Law Month! In acknowledgement of this, we decided to answer some questions about what Elder Law is and how meeting with an Elder Law attorney can help you.
5 Ways to Pay for Long Term Care
Long term care is expensive. Whether it is assisted living, memory care, personal care, or skilled nursing, the care comes with a price tag. Often the price is more than the income of the resident, so how are you going to pay for it?
Lions and Tigers and… Google Searches and Copycats, Oh My!
Whether you are looking for information about basic estate planning or something more complex such as Medicaid qualification, there is a lot out there. Beware! The most common piece of advice we give is along the lines of: Every situation is different. Every family dynamic is different. Just because Google/Your Neighbor/Your Son/Your CPA said you should do this or that, does not mean you should!
Distinguishing Asset Preservation Planning from Elder Financial Abuse
We, as elder law attorneys, are often asked to explain the differences between a legitimate asset preservation plan and elder financial abuse. The key factors to look for are the intent of the elder adult and the intent of the recipient, usually an adult child or children, who are involved in transfer of assets.
Resource Assessments: The Unknown Step to Saving Money for Married Couples on the Way to Medicaid
Many married couples are unaware of an important element of asset preservation when faced with long term care expenses -- the Medicaid Resource Assessment. A portion of the Medicaid rules is designed to protect the community spouse (spouse at home) from impoverishment and unnecessary dissipation of family assets.
Inter-vivos Gifting: What Our Clients Need to Know
Inter vivos gifting should feature prominently in the estate plans for our middle class clients who may have accumulated considerable wealth.