Estate administration is the process of managing and distributing a person’s property (the “estate”) after death. If the person had a will, the will goes through probate, which is the process by which the deceased person’s property is passed to his or her heirs and legatees (people named in the will). The entire process, supervised […]
The Basics of Estate Administration Read More »
Spousal impoverishment is a concern for older couples when one spouse needs long-term care and applies for Medicaid. If one spouse requires care in a skilled nursing facility and the other remains at home, the spouse at home might face significant financial hardships. The high costs of nursing homes combined with Medicaid’s strict income and
What is Spousal Impoverishment in Medicaid Planning? Read More »
A diagnosis of dementia, a category of diseases affecting memory and thinking that includes Alzheimer’s disease, can feel overwhelming and upsetting. You might worry that you will lose control over your life and ability to make your own decisions. Fortunately, receiving a diagnosis of dementia or Alzheimer’s does not mean that you cannot execute legal
After a Dementia Diagnosis: Preparing for the Future Read More »
In today’s world, it is crucial to have healthcare insurance. So, it can be concerning if your application status is still “Medicaid Pending.” Medicaid Pending status means that your Medicaid application or your parent’s application has not yet been approved or denied. Essentially, your application is in limbo. Here is why this status is important:
Navigating Medicaid Pending, Denials, and Appeals Read More »
Older people may need a trusted individual to step in and manage their affairs, should they ever suffer debilitating health problems like dementia, Alzheimer’s disease, and strokes. Adult guardianship can provide protection and assistance with certain decisions for an incapacitated individual — known as a “person under guardianship” — who may become unable to make
Rights Retained by Adults Under Guardianship Read More »
A Medicaid Asset Protection Trust (MAPT) is one option in the area of Medicaid Planning a person may consider to protect their assets from Medicaid and nursing homes or long-term care. What Is a MAPT? A MAPT is an irrevocable trust created during your lifetime. (Note that you cannot revoke irrevocable trusts after you have
Pros and Cons of a Medicaid Asset Protection Trust Read More »
The aging U.S. population means that more people will likely need nursing home care in the coming decades. Meanwhile, the cost of nursing home care is increasing — and expected to keep increasing. With the exorbitant cost of nursing home care, many families worry about depleting their loved ones’ life savings to pay for the
Protecting Your Parents’ Assets from Nursing Home Costs Read More »
While a guardian may be needed to support a person by making important decisions, in some cases, individuals may wish to change or dissolve the arrangement. The person under guardianship, their family, or other involved people might feel that the guardian is not doing a good job. They may then petition the court for the
Ending a Guardianship for an Adult Read More »
Since the 1960s, Medicaid has provided health care coverage for low-income people across the United States. For millions of seniors, Medicaid offers financial assistance, helping them to cover the cost of long-term care services. Today, this joint federal-state program also benefits other qualifying populations with limited income, including children and people with disabilities. Qualifying for
Medicaid Spend Down: Pay for More Than Just Medicaid Bills Read More »
When an incapacitated person cannot make personal or financial decisions, state courts may appoint a guardian to assist the individual with determining where to live, what kind of care to receive, or how to manage finances. In some cases, guardians may wish to move a person under guardianship — someone whom a court has found
How Can You Transfer a Guardianship Between States? Read More »
