Russell Hodges, Esq., Managing Partner
Hodges Law Firm, LLC
Atlanta, Georgia 30040
www.RHodgesLaw.com
Member of the national ElderCare Matters Alliance, Georgia chapter
Personal Care Contract Payment to Family Members: ANOTHER MEANS OF ASSET PROTECTION
Gregory D. Roberts, CFP, CLU, ChFC, CLTC, EA
Life Solutions
Aiken, South Carolina 39803
803-617-9805
Member of the South Carolina chapter, national ElderCare Matters Alliance
Asset-Based Solutions for Long Term Care Coverage are Gaining Favor
Angela N. Manz, Attorney at Law
The Law Office of Angela N. Manz
Virginia Beach, Virginia 23452
757-271-6275
Member of the national ElderCare Matters Alliance
There are several government benefits available to seniors who need help paying for extended care. However, the qualifications and requirements for these benefits can often be complicated and confusing, leaving many people unsure of how to qualify or whether they are applying for right benefit for their family.
Dennis Duncan, Attorney at Law
The Law Offices of Dennis L. Duncan, P.C.
Macon, Georgia 31210
478-254-4232
Member of the national ElderCare Matters Alliance, Georgia chapter
The collective goals of Mr. and Mrs. Marlowe are to protect their family assets for the future benefit of Mrs. Marlowe, their grown children and grandchildren, and accomplished this while at the same time establishing compensability for Mr. Marlowe for Medicaid benefits. The Marlowe family estimate that Mr. Marlowe will need to transition into a long-term skilled care facility in the next two to five years. Read more on Article of the Week: "An Elder Law Case Study – Medicaid and Estate Planning for Mr. and Mrs. Marlowe"…
Ben A. Neiburger, JD, CPA
Neiburger Law, Ltd.
Elmhurst, Illinois 60126
630-782-1766
Member of the national ElderCare Matters Alliance, Illinois chapter
In my elder law practice, a frequent topic of conversation with my clients is how to pay for long-term care. This is an understandable concern given that many long-term care facilities in Northern Illinois charge between $6000 and $8000 per month for care – that’s $72,000 to $96,000 per year!). A typical married couple in their 70’s may have only $50,000 to $200,000 in life savings plus their home. This means that if one spouse needs to spend some time in a long-term care facility, he or she could burn through the couple’s life savings in a year or two – a very scary thought.
Read more on Article of the Week: Paying for Long-Term Care – Can it be done?…
Kenneth C. King, Jr., Esq.
King Law Group, P.C.
Roanoke, Virginia
1-866-985-1123
Member of the national ElderCare Matters Alliance, Virginia chapter
The holidays are the best time of the year for talking T-U-R-K-E-Y. As you savor turkey and gravy and once again remember how good the green bean casserole really tastes, gather your family into a "Time to Talk Turkey" about your family's Love 'n Money. The holidays are the right time to formulate and discuss your family's plans, including your estate plans.
To get you started, during a large helping of mashed potatoes and gravy, here is a simple formula for family discussion: talk T-U-R-K-E-Y(the "Turkey" topics are in the following paragraphs). For each Turkey topic, discuss who, what, when, where and how. It is that simple. So, let's get talking T-U-R-K-E-Y about your family's Love 'n Money. For each letter in "Turkey", we'll get you started with some questions. Now, it is your turn to provide the discussion. Read more on Time to Talk T-U-R-K-E-Y…
Allen Kampf, RFC
Wealth Advocacy Partners
Sparks, Maryland
410-527-1171
Member of the national ElderCare Matters Alliance, Maryland chapter
As a result of medical technology, we are definitely living longer. When we continue living, we age; when we age, we need care. It isn't a question of who will care for you. The question is, "What impact will that care have on your family – physically, emotionally and financially?" Read more on Who Pays for Long-Term Care?…
Read more on Who Pays for Long-Term Care?…
Shay Jacobson, RN, MA
Life Care Innovations
Oakbrook Terrace, Illinois
630-953-2154
Member of the national ElderCare Matters Alliance, Illinois chapter
Long term care has evolved into a "catch all" phrase that is confusing to the lay as well as the professional community. The boundaries among primary, acute, and long term care have blurred. Instead of concentrating on acute care in hospitals, our health care system's focus has switched to managing chronic conditions in a variety of settings from home to rehabilitation hospitals. The long term care goal switches from curing illness to helping individuals function as well as possible while maintaining dignity and independence. Individuals that require long term care have a compromised ability to live on their own due to their condition. Long term care encompasses help with activities of daily living (ADLs), such as bathing, dressing, eating, and toileting. Read more on Medical Issues and Terminology in Long Term Care…