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To help you do just that, our special needs planning lawyers have put together a guide to walk you through Consider consulting with an attorney experienced in special needs planning to ensure it covers all basis

Herzer’s ouster from Redstone’s Beverly Park home last fall and robbed her of the $70 million that he planned

Nonetheless, preparation is the key to designing the kind of financial plan necessary to allow you to

Bloomberg BNA’s recent article, “Future of Popular Estate-Planning Tool May Hinge on Election,” discusses presidential nominee Donald Trump wins the election, the proposals on GRATs would go away because Trump’s tax plan GRATs are sophisticated estate planning tools. Be sure to secure the help of an experienced estate planning attorney to determine if this is right for Reference: Bloomberg BNA (May 31, 2016) “Future of Popular Estate-Planning Tool May Hinge on Election

The investigation showed that the nursing home staff openly discussed via email their plans to delay

Property will be considered non-probate property if: There is a joint owner with right of survivorship insurance or a retirement account Property is owned by a trust with named beneficiaries In these cases, joint At the time of death the property will pass automatically to the joint owner or beneficiary without the

Most families just aren’t prepared for the financial burden of dementia. They assume that Medicare cover all of the expenses. Not so. Patients and their families don’t realize that isn’t the case. Plus, everything gets more complicated when an individual has dementia. For example, if a dementia patient in a nursing home gets a fever, the staff may say that they aren’t equipped to handle it. They call 911. The patient is then admitted to the hospital. This can lead to complications for the patient suffering from dementia. They may get delirious and confused, slip or fall out of bed and sustain injuries, or they choke on their food. This can cause medical costs to sky-rocket. There are large disparities in out-of-pocket costs for the three diseases. Medicare covers discrete medical services like office visits and acute care, including hospitalization and surgery. These are the types of expenses experienced by cancer patients and heart patients. Those patients usually don’t need full-time home or nursing home care until the very end of their life, if at all. As a result, they don’t see that continuing cost. On the other hand, dementia patients need constant care for years. In addition, these dementia patients may not be sick enough for a nursing home, but they still will need supervision and care. When dementia patients are sick enough for a nursing home, the cost is not covered by health insurance. More than half of patients with dementia— with three-quarters of those from racial minorities—spend down, using savings to pay for the nursing home until the money is all gone. After that, Medicaid takes over. Talk with an experienced elder law attorney about care for the elderly, Medicaid, and dementia. He or she will have ideas on how to best address your family’s situation. Reference: The New York Times (October 26, 2015) “Costs for Dementia Care Far Exceeding Other Diseases, Study Finds” #PayingforaNursingHome #HoustonAssetProtection #MedicaidTrustPlanning #MedicaidPlanning #HoustonElderLaw #HoustonElderLawAttorney #Medicaid #HoustonTrustPlanning #Dementia #MedicaidNursingHomePlanning #LongTermCarePlanning

required to request a copy of any court order that appoints guardianship of a resident or resident’s estate

The power of attorney is a powerful legal tool that requires careful consideration and planning.

greatest concern, according to the MarketWatch article, “What to know about Alzheimer’s and retirement planning This means it’s critical to properly plan for your retirement years early in case you or a loved one : $175,100 Dementia: $278,000 These potential medical expenses must be considered in retirement and estate planning. Identify family members who should be included in financial plans, like those who can help with routine

Families react to what is going on when it happens, rather than proactively plan for it. Construct a Plan for Long-Term Care Most seniors will need some form of long-term care as they age. It is important to address this plan with your parents. Speak with your parents about plans for how to pay for their care as they age. Planning now can help reduce stress, confusion, and complications later on.

Kasem said she would be interested in joining forces with Falk or others for guardianship reform legislation