Author Archives: Site Administrator
Will the VA Pay for My Home Health Aide or Nursing Home?
As you or a senior loved one age, it is important to look to the future and consider how those senior years will unfold. Even the healthiest people will need some form of assistance in the long run, and long-term care can be prohibitively expensive when paid out-of-pocket. The U.S. Department of Veterans Affairs… Read More »
Pitfalls to Avoid When Making Lifetime Gifts to Achieve Medicaid Eligibility
Long-term care is prohibitively expensive for most American families. Whether you are seeking residence in a nursing home or obtaining at-home care for yourself or an elderly loved one, the costs are in the thousands every month. Medicaid offers individuals and families the ability to obtain long-term care without going bankrupt. Maintaining eligibility for… Read More »
Pros and Cons of Long-Term Care Insurance
Planning for your future is an ongoing process with no simple format. There is no one-size-fits-all answer for questions like whether to purchase long-term care insurance. Below, we discuss some of the pros and cons of purchasing long-term care insurance. If you are making plans for your future, call a seasoned West Palm Beach… Read More »
Medicare Set-Aside Trusts
When a person is injured on the job, they are entitled to workers’ compensation through their employer’s workers’ compensation insurance provider. Workers’ compensation providers are under significant pressure from the federal government to ensure that the medical bills of injured workers are covered by the insurance provider to the greatest extent possible, especially if… Read More »
Special Needs Trusts and Medicaid Eligibility
If the novel coronavirus pandemic has taught us anything, it is the importance of planning for the unexpected and having your ducks in a row should unexpected illness or injury occur. Estate planning, especially planning for special needs and government assistance eligibility, is more important now than ever. If you have a child or… Read More »
Medicaid Planning for Home Health Aides
If you have an elderly or disabled relative who needs long-term care, you have good reason to be concerned about the costs. Healthcare costs are constantly on the rise, whether considering assisted living, nursing homes, or home health aide care. Medicare covers some of these expenses, but it has limitations on who can qualify… Read More »
How Medicaid can Help with Assisted Living/Nursing Home Care
Healthcare costs are at an all-time high, and they keep rising. As your parents and you approach retirement, or if anyone in your family has a disability, you may wonder how you will cover the cost of nursing care. Assisted living costs, on average, $4,000 per month across the country. State averages range from… Read More »
How to Handle Special Needs Planning During the Coronavirus Pandemic
The coronavirus pandemic continues to rage on, hamstringing the economy and sending thousands of Americans to the hospital every day. We previously discussed how this is a perfect time to take care of estate planning tasks that you may have been putting off. Times are uncertain, and things can take a turn for the… Read More »
Estate Planning Issues for Special Needs Parents
Every parent cares most about ensuring the welfare of their children. Creating an estate plan that is specific to the finances and circumstances of each family is vital to ensuring that your children are taken care of adequately and in accordance with your wishes. Parents of children with special needs face additional hurdles when… Read More »
Special Needs Planning and COVID-19
The coronavirus pandemic is causing devastation around the world, both medically and financially. The stock market is consistently experiencing single-day drops that mirror the worst in U.S. financial history. With such volatility in the markets, depressed asset values, and historically low interest rates, it is the perfect time to review your estate plan, especially… Read More »