Elder Law
Long Term Care
Americans can no longer afford to ignore the potentially devastating costs of nursing home care and other long-term care. Because life expectancies have continued to increase, so has the statistical likelihood that you will need nursing home care or other types of long-term care.
Guardianship
Guardianship means obtaining the legal authority to make decisions for another person. A “guardian” is the person appointed by the court to make decisions on behalf of someone else. The person over whom the guardianship is granted (the child or the adult) is referred to as the “protected person.”
Medicaid Annuity
A Medicaid annuity can be an excellent tool for a couple or individual to use in protecting against the high cost of long-term care. An annuity is a contract between an individual and a third party (usually an insurance company) in which the individual invests money in exchange for a guaranteed set of payments for life or a specified number of years.
Medicaid Eligibility
Because Medicaid limits the amount of assets an individual may have before they qualify for Medicaid benefits, individuals oftentimes desire to transfer away assets to their loved ones to try and qualify for Medicaid benefits without having to spend all of their assets first on nursing home care.