In the confusing world of trusts, there is one trust that you will want to know about for your aging loved one and that is the Special Needs Trust. This trust allows your loved one to remain on, or qualify for, Federal, State and other benefits while having funds in trust to assist with approved costs.
Basics of elder law, including information about powers of attorney.
What you need to know about establishing guardianship or conservatorship.
Legal and financial options for Medicaid planning.
The most significant cost for aging adults is healthcare. Most people think that Medicare or Medicaid will cover their care requirements.
A Professional ALCM is an expert, such as a social worker, counselor, gerontologist or nurse who:
When should someone else be on accounts?
Capacity is defined as “sufficient understanding and memory to comprehend in a general way the situation in which one finds oneself and the nature, purpose and consequence of any act or transaction into which one proposes to enter.”
The cost of aging has changed. Planning for old age used to mean insuring you had enough income to live a certain lifestyle. Most retirement workshops had you define your post retirement lifestyle wish and determine how much money you would need to fulfill those dreams.
Use this form to document assets and insurance information.