Taking on the responsibility of providing for a loved one with Alzheimer’s can not only cause emotional stress but can often cause the caregiver to experience financial stress, as well. Fortunately, these issues can often be addressed in a very positive way with proper legal planning.
Asset preservation planning is legal planning used to protect your home, investments and other assets from being taken or used during your lifetime to pay for things that won’t benefit you or your family.
Estate Planning presents a unique opportunity for you to provide for your loved ones after you pass away, to the very best of your ability and in accordance with guidelines you establish. Knowing that you have planned and provided for your future and that of your loved ones provides a wonderful feeling of security and peace of mind.
Medicaid eligibility requires that you meet qualifications on the amount of income and assets that you have, and rules are very complicated. But with proper legal advice and planning, even someone who is already in a nursing home can protect a substantial portion of his or her life savings.
Providing for a loved one with special needs requires that you be aware of and take into consideration some special legal and practical considerations. We can help you find the best way to legally assure that your special needs child or family member can be properly provided for, and assist you on the road ahead.
If you are an older (age 65 and up) or disabled war-time veteran, or you are widowed from a war-time veteran, and you have ongoing out-of-pocket medical or care expenses, you are potentially eligible for veterans pension benefits.