You may be familiar with the many different types of trusts available to use in your estate plan. One of those trusts, the testamentary trust, is the type of trust that only goes into effect after your death. A testamentary trust is really the opposite of a living trust, which becomes effective when you create it and continues to operate during your lifetime. If you are considering which type of trust to use our estate planning attorneys can answer questions and help you make the right … [Read more...] about Estate Planning Attorneys Explain the Benefits of Testamentary Trusts
If You Don’t Understand the Medicaid Look-Back Rule You May Be in Trouble
Medicaid places certain limitations on the amount of financial resources you own, as well as how and when you can transfer assets from your estate to someone else. Long-term care costs are often too expensive for most people and they are continuing to increase every year. Currently, the national average cost, for a year of nursing home care, exceeds $90,000. For this, and many other reasons, Medicaid planning is important for everyone. Our Ashland Medicaid attorneys can advise you regarding the … [Read more...] about If You Don’t Understand the Medicaid Look-Back Rule You May Be in Trouble
Elder Law Lawyers Share Options for Asset Protection
When you are young, the concept of long-term care can seem alien to you. This may be especially true if you have taken good care of your health throughout your life. You may feel that it is unlikely you would ever need long-term care. Statistically, you should not overlook the costs of long-term care, and have a plan to pay for that care, should you ever need it. Here, our elder law lawyers will discuss asset protection issues. Longevity plays a factor in the need for early planning First of … [Read more...] about Elder Law Lawyers Share Options for Asset Protection
Charlotte Residents Can Benefit From Early Estate Planning
While financial planning can help you to build wealth over time, through the wise management of your resources, and retirement planning focuses on directing a portion of today’s income and assets toward tomorrow’s needs, your estate plan must to bring these strategies together in a comprehensive way. A well thought out estate plan can preserve and distribute the wealth, you have worked so hard to accumulate, to the next generation and beyond. Everything doesn’t work out automatically You may … [Read more...] about Charlotte Residents Can Benefit From Early Estate Planning
What You Need to Know about Medicaid Recovery
Medicaid pays for long-term care. Most people will need living assistance eventually, and Medicare does not pay for custodial care, which is the type of care you would receive in a nursing home or assisted living facility. Although Medicaid can provide coverage for long-term care, what happens when you pass away and Medicaid comes after your assets? Let our Charlotte elder law attorney explain how Medicaid recovery works and how to be prepared. Medicaid and Long-Term Care Coverage The … [Read more...] about What You Need to Know about Medicaid Recovery
Protecting Nursing Home Residents with Dementia
Dementia is widely recognized as one of the major causes of disability and dependency among seniors in our country. Dementia is a medical condition that results in a decline in memory, thinking, and behavior. It is very common for individuals with dementia to become unable to perform regular daily activities independently. A major problem with dementia is that it increases the risk of seniors wandering off, which puts them in danger. For families with loved ones in nursing homes, our elder law … [Read more...] about Protecting Nursing Home Residents with Dementia
Elder Law Planning and All of its Benefits
If you’re like most people, chances are that you’ve never even heard of the area of law known as elder law. That’s certainly true if you’re in your younger years when legal concerns all seem to affect everyone on an equal basis. By the time you’re a senior citizen, the laws that directly impact you are likely to encompass topics that seem of little importance to the young. To understand why this will matter once you’re a senior, it is vital to understand just how elder law can impact your life. … [Read more...] about Elder Law Planning and All of its Benefits
How Medicare Fits Into Your Long-Term Care Planning
When you think about retiring, you probably envision the good times you can have during your active retirement years if you've saved up money. Indeed, your golden years can be among the best years of your life if you take the right steps to prepare for them. Let our nursing home lawyers help you prepare for the potential need for long-term care. The role of Medicare in providing long-term care benefits One of the important pieces of the puzzle will be Medicare coverage. When you are paying … [Read more...] about How Medicare Fits Into Your Long-Term Care Planning
Elder Law Attorneys Recommend Planning for the Sandwich Generation
If you are a part of the so-called “sandwich generation” of caregivers, understanding how to prepare yourself for the responsibilities you will face is important and our elder law attorneys can help with your planning. Statistics show that life expectancy in the United States has increased from 47 years to 76 years. Because we are living longer, there is now a larger population of seniors who ultimately need caregivers. We can help those caregivers get ready. What is the Sandwich … [Read more...] about Elder Law Attorneys Recommend Planning for the Sandwich Generation
Charlotte Elder Law Attorney Clears Up Common Misconceptions
When Charlotte residents start thinking about elder law issues and estate planning, there are always many questions that come up. Some of those questions are based on common misconceptions about certain elder law issues or about estate planning in general. In this article, a Charlotte elder law attorney will try to clear up some of the most common myths out there. But, if you have any other questions, our Charlotte elder law attorney is happy to answer them for you. Your spouse might not be … [Read more...] about Charlotte Elder Law Attorney Clears Up Common Misconceptions









