Tag: Nursing Home Care

We Want to Draft Your Legacy

What’s the Difference between a Living Will and a DNR Order?

August 17, 2022
Q: Is there a difference between a ‘living will’ and a ‘do not resuscitate’ order? A living will is a written statement describing a person’s wishes about receiving life-sustaining medical treatment in case of a terminal illness if they are near death or in a persistent vegetative state.
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Is a Medicaid Annuity a Good Idea?

March 8, 2022
For couples who face depleting their own assets, using a Medicaid-compliant annuity could be a way to preserve assets and still qualify for Medicaid.
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What Happens to Parents’ Debt when They Die?

March 1, 2022
Adult children typically don’t have to pay their parents’ bills. However, there are exceptions.  Even when a child doesn’t have to pay directly, debt could reduce what they inherit.
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What Is Elder Law?

February 10, 2022
Estate Planning may not be something you necessarily WANT to think about, but it could protect your interests and wishes long after you are gone.
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Can My Pet Come to the Nursing Home with Me?

December 20, 2021
The presence of a pet can be reassuring, can provide comfort and can even deliver some important health benefits.
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Will I Be Ready for Long-Term Care?

December 13, 2021
For some, retirement means ‘where will we play today's round of golf?’ For others, it could mean, ‘do I pay for my meds or my rent?’ In either case, a few concerns touch every retiree. The topic of long-term care is one of them, at least subconsciously. The question that causes more than a few sleepless nights is, ‘What happens when I can't take care of myself anymore?’
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What You Need to Know about Long-Term Care

October 5, 2021
As retirees live longer, many worry about outliving their savings. However, many older Americans haven’t planned for a looming expense: the cost of long-term care.
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Should I Keep My Life Insurance Policy?

September 29, 2021
For many, there are potential benefits to continuing a life insurance policy or purchasing certain types in retirement, when it comes to taxes, estate planning and long-term care. Here are some ways to use a life insurance policy that you may not know about.
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Can I Retain Some Assets and Still Be Eligible for Medicaid?

June 14, 2021
The bill for long-term care adds up fast. The annual median cost for a private room in a nursing home was $105,850 in 2020, according to Genworth. The government could pick up these costs if you qualify for Medicaid, but that’s easier said than done.
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What Is the Main Purpose of a Trust?

May 26, 2021
Before you decide to put your home in an irrevocable trust, it is important to have a basic understanding of what you are doing and why.
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