Planning a vacation? Our checklist makes sure you are secure at home while away. View the Vacation Checklist
Planning for Medicaid Attention all Individuals, Widows, Widowers, Unmarried Couples: Medicaid is a valuable benefit for individuals and couples to fund medical expenses including home health care, assisted living, and a nursing home. Ohio residents often plan early to protect assets so that they can later qualify for Medicaid and take advantage of the assistance.
More than 70 percent of people who reach the age of 65 will need some form of long-term care before they die. Among that group, 40 percent will enter a nursing home, and 20 percent will stay there for at least five years. That means the average Baby Boomer can expect to receive some level.
Financial Power of Attorney – This is a legal document executed by one individual (the principal) to appoint and authorize another individual (the agent) to make financial and business decisions and engage in such transactions on behalf of the principal that legally bind the principal. Not all powers of attorney are the same. The law.
Thanksgiving and the upcoming holiday season lends a unique opportunity for boomer children to talk to their aging parents about powers of attorney and other estate planning essentials. Initiating that conversation can feel overwhelming, but it might be one of the most important things you do for your parent. Here are some tips.
The holidays have a way of reminding us just how quickly time passes. As family gathers around the table this Thanksgiving and upcoming holidays, it may become evident that change is occurring to a loved one as they advance in years, decline in health and otherwise face the challenges that come with aging. While you.
According to Epicurious, “a properly-layered sandwich holds together better, prevents the bread from getting soggy, and achieves optimal texture.” The website recommends that you balance the fillings and strategize on the layers for a perfect sandwich. At Butcher Elder Law we can show the sandwich generation how you can hold the family together and not.
Written by Erin C. Eurenius Esq, CPA Recently, you may have seen the commercials with Josh Mandel, Treasurer of Ohio, and Ohio State University football coach, Urban Meyer, advertising that a person with a disability can save for their independence and financial security by creating a STABLE account. STABLE, which stands for State Treasury Achieving.
As Lorain County elder law attorneys, our answer to this question is “it depends.” In most cases, it depends on whether the adult children signed the nursing home contract as a personal guarantor the elderly parent live. Additionally, it may depend on where the parent resides. Technically, more than half of the states have laws.
Most people are familiar with a basic Last Will and Testament but very few people in Strongsville may know what a Pour-Over Will is. Essentially, a Pour-Over Will is used in conjunction with a Trust and it directs that any assets you own in your own name outside of the trust at the time of.