Posted on: Jun 8, 2017
Seniors have special legal needs. It is important to plan for the eventuality of aging. Consulting with an Elder Law Attorney, preferably well in advance of needing care, can result in an appropriate plan for future health care and a well thought-out Estate Plan.
The following are just a few common concerns that our experienced Elder Law Attorneys help our clients address.
Have you ever wondered how you would pay if you or your spouse needed Long-Term Care?
Long-Term Care costs can be enormous, often $10,000 to $12,000 per month. There are government benefits, including Medicaid and Veteran’s benefits, available to seniors and the disabled to help pay for the cost of this care. With the proper Medicaid Asset Preservation StrategyTM family assets can be protected for the well spouse while still obtaining government benefits for the ill spouse.
Medicaid rules are complex and confusing. A qualified Elder Law Attorney can help you and your loved ones find and pay for Long-Term Care while preserving assets.
Are you confused about which government program might help if and when you or a loved one need it – Medicare or Medicaid?
Medicare is health insurance for people over the age of 65. It generally pays for health care costs and other medical expenses, such as doctor visits and hospital stays. Medicare does not cover the costs of Long-Term Care.
Medicaid provides benefits for Long-Term Care, but has resource limits to determine eligibility. Not all assets are counted toward the Medicaid resource limits, and as noted above, there are Estate Planning tools to protect assets. The attorneys of Elder Law Group PLLC can help you create an Estate Plan that addresses your needs and protects your assets.
Do you have a disabled child, and are you concerned about how to ensure the child’s care when you are gone?
An experienced Elder Law Attorney can help you create an Estate Plan that will provide for your disabled child’s care when you are gone. Simply leaving a large inheritance to provide for your disabled child is likely to result in the loss of his or her Medicaid or SSI benefits. On the other hand, creating a Supplemental Needs Trust can protect assets for the benefit of your child, without jeopardizing his or her eligibility for government benefits.
Elder Law Group PLLC can help you create a Will with a Supplemental Needs Trust. We will help you utilize the best Estate Planning options for you and your loved ones in Spokane, the Tri-Cities, and the surrounding communities. We invite you to learn more about us here, and read what our clients have to say about us here.
Stay in the Know – subscribe to our newsletter that offers news and updates on Elder Law and information regarding challenges facing today’s seniors.
Contact us or call (509) 468-0551 (Spokane office), or (509) 579-0206 (Tri-Cities office), for guidance on Asset Protection Estate Planning TM, Long-Term Care planning, or other legal needs of seniors, the disabled, or vulnerable adults and their families.