They say that days seem to drag on forever, but years pass far too quickly. Without question, it can be kind of shocking to sit back and see how rapidly time flies. This applies especially to the approach of your senior years. The sooner you start to prepare yourself, the better. One step will be to educate yourself about the government retirement benefits that you can expect to receive. With this in mind, we will look at some key facts about Social Security and Medicare. To warn you in … [Read more...] about Understand Government Retirement Benefit Programs
If you are a community spouse for purposes of Medicaid, then you may be entitled to certain protections when your spouse becomes a nursing home resident so discuss your options with our Florence Medicaid lawyer. A community spouse is the healthy spouse of a Medicaid recipient who still lives at home while the recipient is in a nursing home. In light of the income and asset limitations imposed by Medicaid, there are some protections in place for the community spouse who remains in the home, … [Read more...] about What Protections are Available for the Healthy Spouses of Medicaid Recipients?
When you have been fully capable throughout your life, 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 could assume that it is unlikely that you ever need long-term care, but cannot overlook the costs of long-term care should you ever need it. Here, our Charlotte Medicaid lawyers will explain Medicaid countable assets. Longevity plays a factor in the need for early planning First of all, we … [Read more...] about What is Considered a Countable Asset for Medicaid?
Do you have a plan in place to deal with the high costs of any future nursing home care? If not, then you need to discover how a Medicaid lawyer can help you protect yourself and your interests. We often hear about how important it is to prepare for the future. Whether it is business planning, legacy planning, or retirement plans, experts continually remind us that it’s vital to be prepared for uncertainty. With more than half of us expected to one day require long-term care in a nursing home or … [Read more...] about What if I Can’t Afford Nursing Home Care?
Long-term care costs are exorbitant, and they are going up all the time. At present, the national average cost for a year in a nursing home is more than $90,000, so the thought of ever-increasing costs is not a very pleasant one as you are looking ahead toward the future. For this, and many other reasons, Medicaid planning is very important. When it comes to Medicaid eligibility, there are limitations on financial resources, as well as how and when you can transfer assets out of your estate. … [Read more...] about Charlotte elder law attorneys Discuss an Important Medicaid Rule
When you have been fully capable throughout your life, 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. You may assume that it is unlikely that you will ever need long-term care, but you cannot overlook the costs of long-term care, should you ever need it. With careful planning, you can position your assets to allow you to qualify for Medicaid, while protecting some of the financial legacy you spent your lifetime … [Read more...] about Include Asset Protection in Your Medicaid Plan
The idea of needing assistance with your day-to-day needs may be far from your mind or the minds of your loved ones. This is particularly true when you have spent your life being fully capable of taking care of yourself. No doubt, considering the potential need for long-term care is not a pleasant task, but you should be familiar with your options. Let our nursing home lawyers explain what you need to know. Everyone doesn’t need long-term care, do they? The reality is, many seniors will have a … [Read more...] about Nursing Home Lawyers Explain Your Options for Long-Term Care
For most clients, deciding between creating irrevocable trusts and revocable trusts depends on the need for retaining control of assets. There are, in fact, some very distinct differences that should be considered as you make the decision. Trusts have been around for a very long time, but they’ve only really begun to gain mainstream acceptance in the last several decades. When it comes to choosing between an irrevocable and a revocable trust, our Charlotte trust attorneys can help you decide … [Read more...] about Ask Your Trust Attorneys Which Type of Trust Will Meet Your Goals
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
The government involvement in the health care system has become much more complicated recently, and much of that is a subject for a different forum. As an elder law firm in Charlotte North Carolina, though, we are interested in government health insurance programs as they apply to senior citizens. With this in mind, we would like to provide a basic explanation of Medicaid in Charlotte NC as it applies to elders who need long-term care. Why Would You Need Medicaid in Charlotte NC? Your knee-jerk … [Read more...] about What Is Medicaid in Charlotte NC?