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
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Including Protections for Healthy Spouses in Your Huntersville Medicaid Planning
If your spouse were applying for Medicaid to pay for long-term care and you were still living at home, you would be referred to as the community spouse. Because of the asset and income limits, there are certain provisions in place to provide minimal protections for the community spouse. One of them is the monthly maintenance needs allowance. Under the rules of the Medicaid program, most of the income that is due to the institutionalized spouse must be used to help defray the long-term care … [Read more...] about Including Protections for Healthy Spouses in Your Huntersville Medicaid Planning
A Few Tips From Our Charlotte Probate Lawyer
Providing for your loved ones after you pass away is the final act of giving that you are capable of, and it involves all of the assets and personal possessions that you have been able to accumulate throughout your life. Given the enormity of the stakes involved you do not want to take chances with the creation of your last will. For this reason, be sure to discuss your options with our Charlotte probate lawyer. Beware of do-it-yourself estate planning You will see certain companies on the … [Read more...] about A Few Tips From Our Charlotte Probate Lawyer
Ashland Living Trust Lawyer Can Help With Asset Protection
Asset protection is important to some individuals for one reason or another. Some lines of work leave people open to legal actions, and shielding resources from the disgruntled former spouse of a family member can be another concern. Some people hear about revocable living trusts and assume that revocable trusts will provide asset protection. While these trusts are valuable for many reasons, it is important to understand that they do not provide asset protection during your lifetime. Let our … [Read more...] about Ashland Living Trust Lawyer Can Help With Asset Protection
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
The Power of Attorney: Do You Know the Basics?
Are you concerned about incapacity planning and wondering what type of power of attorney you need? In this article, our Charlotte estate planning attorney will explain what a general power of attorney does. For a variety reasons, we all have times when we need someone else to manage some of our affairs – and not just when we’re incapacitated due to illness or injury. The basic need for a power of attorney Many people run into situations when they are at least temporarily unable to handle … [Read more...] about The Power of Attorney: Do You Know the Basics?
Medicaid Planning Requires Understanding How Medicaid Recovery Works
Most seniors 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 Florence Medicaid lawyer explain how Medicaid estate recovery works and how to be prepared. Medicaid and Long-Term Care Coverage The Medicaid program provides long-term … [Read more...] about Medicaid Planning Requires Understanding How Medicaid Recovery Works
The Importance of a Successor Trustee for Your Living Trust
Different types of trusts are used in the area of estate planning, and they all serve their own purposes. Revocable living trusts are very popular among people who want to facilitate asset transfers outside of probate. If you use a last will to state your final wishes, the executor that you name in the document must admit the will to probate. The probate court will subsequently supervise the administration of the estate. But many clients ask, what will happen to your living trust when you die? … [Read more...] about The Importance of a Successor Trustee for Your Living Trust
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
Choosing the Right Charlotte Estate Planning Attorney for You
Even after you make the decision to create a comprehensive estate plan to take care of your assets and your heirs, that’s only the beginning of your planning. Before you can take another step, you need to find the right Charlotte estate planning attorney to help you create that strategy. The importance of estate planning Creating an estate plan is an important step in life and one that can have a lasting, positive impact on your financial and legacy goals, protect you during your lifetime, and … [Read more...] about Choosing the Right Charlotte Estate Planning Attorney for You
