In 1965, Medicaid was created to provide health insurance to low-income and asset-poor individuals. The state and the federal governments cooperate in delivering benefits. The state you live in makes a big difference in determining when or if you are eligible.…
Before spending time and energy on the application process for Supplemental Security Income (SSI) or Social Security Disability Income (SSDI), review some of the major disqualifiers. Eligible individuals can benefit from both programs though they have distinct differences. The major difference…
An elder law attorney can help you plan for the future, whether you have an older adult loved one or are concerned about your own financial health and well-being. Elder law is a highly specialized area of law focusing on…
Medicaid is a federal/state program which helps low-income seniors with limited income and assets afford healthcare and long-term care. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true…
Costly mistakes are often made when it comes to inheritances and Medicaid. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize expensive penalties. What…
Imagine you are no longer able to care for your sick spouse at home. At this emotionally difficult time, the last thing you need is the stress of not knowing where to find the money to pay for the steep…
When it comes to estate planning, older Americans are typically more prepared than their younger counterparts. However, according to survey data, only 19 percent of people over the age 72 and 42 percent of those between 53 and 71, have…
Having a reliable power of attorney is one of the most crucial estate planning documents you can have. This type of legal document allows someone who you appoint (your agent) to make decisions on your behalf in the event you…
Somewhere in the world, every three seconds, someone is being diagnosed with dementia. Dementia is a catchall phrase that refers to many types of neurodegenerative diseases. Neurodegenerative diseases bring about the onset of dementia including but not limited to: Alzheimer’s…
Many seniors enjoy being generous to their children by gifting them monetarily. In certain circumstances, however, there is a real concern that people who may be in need of long-term nursing care in the near future should not give gifts.…
