Here’s my list of the top reasons why you should have a comprehensive durable power of attorney. Make it your decision (rather than a court). If someone has signed a power of attorney and later becomes incapacitated and unable to make decisions, the agent named can step into the shoes of the incapacitated person and… Read More
My mom used to tell me that a job begun is a job half done. That expression is especially true when it comes to putting together an estate plan and getting your affairs in order. Statistics indicate a majority of American’s do not have an estate plan in place. If you are at or nearing… Read More
There’s an old saying that the difference between salad and trash is timing. A recent meeting I had with my client Bill demonstrated how accurate that old saying is, especially from a Medicaid planning standpoint! Bill came to see me because his wife’s dementia had progressed to the point where he could no longer provide… Read More
The past three months I’ve discussed the role Medicare and Medicaid play in paying the cost of nursing home care. It is crucial that all of us (at or nearing our retirement years) appreciate the magnitude of long-term care costs, the potential financial impact (to us and our families) and contemplate how we can best… Read More
In the March edition I introduced a three-part series to address the four ways that you can pay the cost of nursing home care. It is crucial that all of us (at or nearing our retirement years) take the time to educate ourselves and then implement a plan that will address long-term care costs. Of… Read More
In the March edition I introduced a three-part series that will address the four ways that you can pay the cost of nursing home care: Long Term Care Insurance; Pay with Your Own Funds; Medicare; and Medicaid It is crucial that all of us (at or nearing our retirement years) take the time to educate ourselves and then implement… Read More
Americans are living longer than ever before. As a result, we face more challenges and transitions in our lives than those who came before us. One of the most difficult transitions people face is the change from independent living in his or her own home or apartment to living in a long term care facility… Read More
As an Elder Law attorney in Omaha, Nebraska, one of my primary functions is to help families plan for how they are going to pay for long-term care. Establishing a long-term care plan for seniors is a multifaceted discussion and many times Medicaid is part of that analysis.
After decades of hard work and financial discipline, a period of long-term care can destroy a retirement nest egg and the odds are not in your favor. According to the Department of Health and Human Services 70 percent of adults age 65 and older will eventually need some type of long-term care and nursing home costs… Read More
1. Your family can avoid the expensive process of seeking a guardianship and/or conservatorship that can waste precious time and money.
2. You are in charge of “who” will be named your agent (rather than have a court appoint who will manage your affairs).