The 5 Benefits of an Irrevocable Trust
“I want to transfer my home/money/assets to my children so that Medicaid can’t get it if I need to go into a nursing home.” As elder law and estate planning attorneys, we hear this every day. But did you know…
Long-term care costs – How can I afford the increase seen in 2020?
Long-term care costs in our area are very high. And, in some respects has increased dramatically in 2020. The rise in the cost of care was due in part to increased costs caused by the COVID-19 pandemic. For example, in…
Exploring Long Term Care Financing Options
What if I need long term care? What if I need an aide to assist me in my home? What if I need care in a nursing home one day? Perhaps you have thought about this at length, maybe it…
Is Long-Term Care Insurance Worth It?
Long-term care insurance (LTCI) is an option for individuals who want to ensure coverage for long term care in the event of a catastrophic illness. There are basically three (3) ways to pay for long term care— (i) out of…
What is the Difference Between Medicare and Medicaid?
4 Reasons to Use an Elder Law Attorney for Medicaid Planning
As elder law attorneys, we meet with clients and help them create a plan for their future; many of these plans include planning for long-term care.
We discuss options for long-term care—such as long-term care insurance, private pay, and Medicaid. For most seniors, obtaining Medicaid to pay for nursing home care or care at home is a must. Very few people can afford to pay privately for extended long-term care, which is not covered by Medicare.
However, when it comes time to submit a Medicaid application, many seniors and their families choose to either submit it on their own or enlist non-lawyers to help with the application—often because they are afraid of the legal fees.
CDPAP: A New Opportunity for Family Caregivers
Many years ago, there were certain restrictions for home care. It used to be that, in a home care setting, if somebody wanted to hire help outside of an agency to care for mom and dad, that hired person could…
Can a Health Care Agent Complete a MOLST?
If a patient has been determined to lack capacity, then an agent under a Health Care Proxy can complete a Medical Orders for Life-Sustaining Treatment (MOLST) on their behalf.
Key Benefits of Long Term Care
Russo Law Group, P.C. is pleased to share this article on behalf of guest author Don Poole. It is becoming more competitive to get access to the best long-term care providers, as 10,000 Baby Boomers turn age 65 every day…
The Importance of Elder Law Planning
Unlike a general practice attorney who may execute wills and trusts, elder law attorneys are versed in the complex issues the elderly face. Elder law attorneys also use a holistic approach to aid their clients. What does this mean? Actions…