If you have an initial estate plan in place you are ahead of over half of Americans, according to recent surveys. While this is certainly good news, do not make the mistake of assuming that the initial estate plan you create will remain effective throughout your entire lifetime. As your estate and family grow, and your estate planning needs change, you will need to update your initial estate plan. For many people, Medicaid planning is a critical addition to their estate plan. The Affton … [Read more...] about Key Reasons Not to Wait to Make a Medicaid Plan
St. Louis Medicaid Attorneys Explain the Transfer Rules
Most people have at least a vague idea of what Medicaid is and what type of benefits the Medicaid program offers to those who are eligible. Unless you have participated in the program before, however, you may find that much of what you believe about the program is not rooted in fact. As you get closer to your retirement years, it becomes more and more important to separate fact from fiction where Medicaid is concerned because you may find that you need to depend on Medicaid to cover your own, or … [Read more...] about St. Louis Medicaid Attorneys Explain the Transfer Rules
Kirkwood Nursing Home Planning — Is Long-Term Care Insurance Worth the Cost?
Planning for your retirement years requires more than just saving money and deciding where you will live during your “Golden Years.” In fact, one of the most important aspects of retirement planning is planning for the possibility that you (or a spouse) will need long-term care (LTC) at some point prior to the end of your life. Given the average cost of nursing home care, it is essential to factor that cost into your retirement plans. One option for covering the high cost of LTC is to purchase … [Read more...] about Kirkwood Nursing Home Planning — Is Long-Term Care Insurance Worth the Cost?
Kirkwood Medicaid Lawyer Explains Why Planning Ahead Is Crucial
When you contemplate your estate plan, and the goals and objectives involved in that plan, you probably focus on things such as protecting your loved ones and distributing your assets according to your wishes upon your death. Qualifying for Medicaid may not be something that initially comes to mind; however, including a Medicaid planning component in your comprehensive estate plan is a good idea if you wish to protect your hard-earned assets. To help you understand the importance of Medicaid … [Read more...] about Kirkwood Medicaid Lawyer Explains Why Planning Ahead Is Crucial
When Should Kirkwood Medicaid Planning Begin?
Depending on your current age, you may have heard about the need to include Medicaid planning in your estate plan but thought you are too young to worry about that yet. After all, Medicaid planning is something seniors need to think about when they need nursing home care, right? While that is partially correct, the fact is that for Kirkwood Medicaid planning to be 100 percent effective it needs to be included in an estate plan a long time before the need for long-term care (LTC) arises. With … [Read more...] about When Should Kirkwood Medicaid Planning Begin?
Missouri Medicaid and Medicare – What Is the Difference?
Because the names sound similar, people often get confused when they discuss the Missouri Medicaid or Medicare program. Although both are government programs, they are not the same. In fact, the two programs are not even related to each other. Chances are good that you will need the benefits offered in one, or both, of the programs at some point in your life. For this reason, it is important to understand what benefits are offered by each program and who is eligible for those benefits. Both … [Read more...] about Missouri Medicaid and Medicare – What Is the Difference?
Have You Thought about Affton Medicaid Planning?
Creating a comprehensive estate plan requires you to do much more than simply decide who you wish to have your assets when you are gone. The distribution of your estate assets is only a small part of a well thought out estate plan. Other issues, such as incapacity planning, probate avoidance, and asset protection, for example, should also be considered. One other issue that you should consider when creating your estate plan is the possibility that you will need long-term care (LTC) at some point … [Read more...] about Have You Thought about Affton Medicaid Planning?
Affton Medicaid Attorneys Explain Spousal Impoverishment
If it appears as though you, or a spouse, will need nursing home care in the near future you need to start thinking about how you will cover the cost of that care. The high cost of nursing home care results in almost half of all seniors to turn to Medicaid for help with their nursing home expenses. You may be considering Medicaid as a source for help with your future nursing home costs; however, you have heard one too many horror stories about how turning to Medicaid for help leads to a loss of … [Read more...] about Affton Medicaid Attorneys Explain Spousal Impoverishment
How Will You Pay Nursing Home Expenses?
Like most people, you probably would prefer not to dwell on the fact that you might one day end up in a nursing home. While it is certainly not a good idea to spend too much time worrying about something that cannot be predicted, failing to plan for the possibility that you will need to pay for nursing home care in the future is also a bad idea. If you have incorporated retirement planning tools and strategies into your comprehensive estate plan, you already know how important it is to plan for … [Read more...] about How Will You Pay Nursing Home Expenses?
Signs You Need a Medicaid Attorney
Like many people, you may make it through the first half of your life without ever even considering the need to qualify for Medicaid. Once you reach your retirement years, however, you may suddenly find that qualifying for Medicaid is critical because of the high cost of long-term care. If you did not plan ahead by including Medicaid planning in your overall estate plan, you may find that the need to qualify for Medicaid could result in putting your heard-earned assets at risk. At some point, … [Read more...] about Signs You Need a Medicaid Attorney
