We find that many of our clients ask the same questions when they come into the office for consultations. As a result, we felt that it would be a good idea to share a question and answer session that is just like the ones that we often engage in at the office. What is the role of an elder law attorney? Elder law attorneys help clients address issues that are of importance to senior citizens. Will Medicare pay for all of my health care costs when I am eligible for coverage? If you have worked … [Read more...] about Question and Answer Session With an Elder Law Attorney
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Five Things You Need to Know About Medicaid Planning
You are probably aware of the fact that Medicaid is a jointly administered federal/state government health insurance program for low income individuals and families. As a person that is interested in elder law and estate planning assistance from a legal perspective, you may wonder why Medicaid should be of interest to you at all. The answer is that Medicaid will pay for long-term care. About 35% of senior citizens will eventually reside in nursing homes, and Medicare will not pay for the … [Read more...] about Five Things You Need to Know About Medicaid Planning
How Will You Age in Place and Be Able to Die at Home?
More and more, Americans are choosing to be cared for and are dying in their own homes. If you wish to be cared for and die in your own home, it’s especially important to have a plan in place to facilitate that choice. Read on to learn more. How Will You Age in Place and Be Able to Die at Home? … [Read more...] about How Will You Age in Place and Be Able to Die at Home?
What Steps Can I Take to Preserve My Legacy?
People often put estate planning on the back burner, but when you start to seriously consider your own mortality, the matter can take on a very profound level of importance. Clearly, you want to take care of practical matters, but you also may take stock of your broader legacy. If you feel as though you would like to shape the way you are remembered, you could engage in a more complete form of estate planning called legacy planning. There are various different steps that you can take to … [Read more...] about What Steps Can I Take to Preserve My Legacy?
Can You Give Gifts to Avoid Estate Taxes?
It is fantastic to be able to achieve all of your financial goals and be in a position to pass along a meaningful legacy to your loved ones. This being stated, you do have to contend with a significant challenge when it comes to wealth preservation. There is a federal estate tax in the United States, and it can have a huge impact, because it carries a 40% maximum rate. Before we get into the subject of gift giving, we should provide some extensive details about this death levy. Everyone does … [Read more...] about Can You Give Gifts to Avoid Estate Taxes?
