by Elder Law Answers | Jan 20, 2021 | Elder Law
Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided. Most long-term care involves assisting with basic personal needs rather than...
by Elder Law Answers | Jan 18, 2021 | Elder Law
Below are figures for 2021 that are frequently used in the elder law practice or are of interest to clients. Medicaid Spousal Impoverishment Figures for 2021 The new minimum community spouse resource allowance (CSRA) is $26,076 and the maximum CSRA is $130,380. The...
by Elder Law Answers | Jan 14, 2021 | Elder Law
Your mother should apply a few months before she will run out of funds. In calculating when that will be, include in the cost of prepaying her funeral if that has not been done yet. In some states, she can also set aside funds for future needs in a (d)(4)( C) or...
by Elder Law Answers | Jan 13, 2021 | Elder Law
With the aging population becoming increasingly tech savvy, the Social Security Administration (SSA) has moved a lot of services online. From applying for Social Security benefits to replacing a card, the SSA has online tools to help. To access most of the online...
by Elder Law Answers | Jan 11, 2021 | Elder Law
All Long-term care costs rose sharply in 2020, but assisted living facility costs increased the most, according to Genworth’s latest annual Cost of Care Survey. The across-the-board rises were due in part to increased costs brought on by the coronavirus pandemic. In...
by Elder Law Answers | Jan 8, 2021 | Elder Law
The federal government’s plan to send $200 drug-discount cards to Medicare beneficiaries has cleared one hurdle, but it isn’t certain that the administration will have enough time to actually get the cards in the mail. When the current administration announced...
by Elder Law Answers | Jan 6, 2021 | Elder Law
Your will is a legally-binding statement directing who will receive your property at your death. It also appoints a legal representative to carry out your wishes. However, the will covers only probate property. (Probate is the court process by which a deceased...
by Elder Law Answers | Jan 4, 2021 | Elder Law
Credit shelter trusts are a way to take full advantage of state and federal estate tax exemptions. Although such trusts may appear needless unless you are a multi-millionaire, there are still reasons for those of more modest means to do this kind of planning, and one...
by Elder Law Answers | Dec 30, 2020 | Elder Law
Life insurance can play a few key roles in an estate plan, depending on your age and situation in life. There are two main types of life insurance: term and permanent. Term life insurance is the simplest: You buy a policy for a set number of years and you have...
by Elder Law Answers | Dec 28, 2020 | Elder Law
COVID vaccines are starting to roll out to nursing homes across the country, signaling the beginning of the end of the pandemic. Once your loved one has had both doses of the vaccine, you may be able to visit, but precautions are still necessary. The federal...
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