A Medicaid Asset Protection Trust (MAPT) is a specialized legal tool designed to help people protect their assets while planning for long-term care expenses and qualifying for Medicaid. Medicaid is a federal and state program that provides healthcare coverage,...
A power of attorney (POA) is a legal directive that gives someone else the authority to act on your behalf – and they’re commonly used in estate planning for end-of-life management. You might, for example, empower your son or daughter to make medical decisions for...
If you’re like most people, you’re probably not entirely familiar with the practice of elder law – but elder law is going to become an increasingly important part of the social framework of this country in the future. The United States has a rapidly aging population....
A lot of seniors need to rely on in-home caregivers as they start to mentally and physically decline, usually because they hope to age in place. Unfortunately, that can leave them ripe for financial exploitation. Finding a trustworthy caregiver isn’t easy. According...
Identity theft and scams continue to plague the nation in epidemic numbers, and seniors are among the prime targets. The FBI reports that in 2022 those in the over-60 age group lost over 3.1 billion dollars to scammers, an increase of 84% over the prior year. Many...
Applying for Medicaid can be overwhelming. This process becomes more confusing and stressful if your application is denied and you don't have additional financial resources to cover your medical bills. Thankfully, there are several options you can pursue to seek...
Elder financial abuse or exploitation happens to millions of elderly adults every year. You may be unaware of this exploitation and not discover it before it is too late. Here are a few tips on how to spot this abuse and what you can do to protect your elderly loved...
When it comes to making important decisions on behalf of an elderly adult, guardianship and power of attorney are two options that are commonly discussed. Guardianship is a court-appointed role that grants an individual the legal right to make decisions on behalf of...
Estate planning is an essential step to ensure your wishes are executed after you pass, but as individuals age, it's also important to consider the possibility of long-term care due to a prolonged illness or disability. According to the Kaiser Family Foundation, one...
When thinking about your future, you may be considering both elder care and estate planning. It's important to know the difference so you can create a long-term goal now. Estate planning involves managing your assets in the event that you become incapacitated or pass...
