Blogs

Estate Planning Advice: Should My Parents Give Me Their Home?

Long-term care can be very costly and it can quickly deplete a person’s life savings. Medicaid can help cover the costs of a nursing home, but only if the person going into care has limited resources. When someone owns a home, it is thus natural to be concerned about whether the house will be lost if […]

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Can’t I Just Add My Child’s Name to the Title of my House to Avoid Losing my Home to Medicaid recovery?

Estate recovery is a process in which the government tries to recover funds paid out by Medicaid for long-term care costs or other medical expenses. Medicaid is a program designed to provide medical coverage for the poor, but it has become widely used by seniors to pay for nursing home costs. After a senior dies, […]

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Will You Be Able to Stay at Home When the Need for Long Term Care Arrives?

Most folks prefer to stay in their own homes rather than residency in an assisted living facility or a skilled care nursing home. Simply, people consider in-home care generally preferable to institutional care. However in home care is very expensive and is typically more expensive than institutional care unless family members are relied upon to […]

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Is Long-Term Care Insurance For You?

Obviously the younger you are when you purchase long term care insurance, the lower the premiums will be. Is that savings worth the cost over this long haul if you are in you 40’s or 50’s? Do you want to purchase insurance that you are unlikely to need for 30 to 40 years? The long-term […]

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Paying for Assisted Living and Nursing Home Costs

Long term care costs including assisted living facilities have a wide range of costs depending on the level of care required. Assisted living facilities that provide an extended care unit can range from $2,000 to $5,000 per month. Nursing homes can cost as much as $7,500 per month. Each facility may offer many levels of […]

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Will You Need Long Term Care?

At least 70 percent of people over the age of 65 will require long-term care services at some point in their lives. Medicare and private health insurance programs do not pay for the majority of long-term care services that most people need – help with personal care such as dressing, use of the bathroom independently, […]

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Caretakers Lose Trillions of Dollars

ElderLawAnswers.com recently posted the following article discussing the drastic issues adult caretakers have faced recently. It emphasizes the importance of financial planning and personal health for anyone caring for a parent today. Americans who take time off work to care for their aging parents are losing an estimated $3 trillion dollars in wages, pension and […]

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Caretaker Meltdown

Amy Goyer writes a regular blog for AARP.org that revolves around her troubles and experiences as a caregiver for her parents. Her real-life experiences and she dealt with them are beneficial for any caregiver to read and relate to. The following article addresses how easy it is for a caregiver to become too stressed and […]

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Long Term Care Insurance

Having practiced Elder Law for more than thirty years, it becomes more and more apparent to me that our current “needs based” system that provides government benefits to pay the cost of long-term care may become a thing of the past. As “baby boomers” approach their senior years, they should consider the purchase of Long […]

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Why You Need to Plan for Long-Term Care

From: ElderLawAnswers.com Thinking about a time when you will need help taking care of yourself is not fun. That is why most people put off discussing long-term care until it can’t be ignored. But it is better to start long-term care planning early. Here are some reasons to start planning now: People are living longer […]

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