Elder Law Practice Blog
Learn About Nursing Homes, Medicaid, And How To Protect Your Loved Ones Assets
Disabled from Birth: How to Secure His Future
Worried About a Disabled Child - Even After You Go to a Nursing Home! John & Mary Sample (our fictional heroes for today) live in Central Arkansas. They are now in their mid-70s and they just celebrated their 50th anniversary. The Samples have been blessed with...
Pivot Planning – When You’re Caught Off-Guard
What Will You Do When? We see the need for Pivot Planning all the time. Mom or Dad is enjoying their retirement and things are well with the family. Then one of them suffers an unexpected health event. Everyone is caught off guard and no one knows what to do. But...
Assisted Living vs. Nursing Home
Choosing the Right Fit! Last week I had a brief conversation with one of my Senior friends who was choosing to move to an Assisted Living Facility. We are seeing an ever increasing number of Seniors who opt to live in Assisted Living Facilities for various reasons....
Beneficiary Designations | Who Gets $100k?
Who inherits $100k, Margie or Suzie Que? Beneficiary designations. Beneficiaries are those you designate to receive the proceeds of various financial accounts at your death. You can name beneficiaries of your life insurance policies, IRA’s 401(k)’s, checking, savings,...
Beneficiary Deed | CAUTION NEEDED!
Be Very Careful! It sounds almost too good to be true! A Beneficiary Deed is a legal document that passes title to your named beneficiary upon your death automatically without probate. It works a lot like a POD (Payable On Death) account that you may have at your...
Declining Seniors – Never Too Early to Plan
Not Going to the Nursing Home Yet - So We'll Just Wait Frank was declining and Martha knew it. He had declined cognitively in the last 12 months but was still able to drive around town, make decisions and carry on conversations. No one noticed the slight cognitive...
You Offer to Help – But Mom Refuses!
Helping When She Doesn’t Want Help. Today we’re going to talk about the situation where your Mom or Dad is declining in physical or cognitive health and obviously need some assistance. Since you know them better than anyone, you offer to help. You would think that...
DIY Estate Planning | Does It Work?
Protecting a Lifetime of Work! Many times we are asked whether there are standard, form or fill-in-the blank documents that fit every situation. The short answer is DIY Estate Planning is not a great idea. While you can certainly download a form and fill in the...
Trust Funding is Important
Putting Stuff "In the Box" We often refer to a Revocable Living Trust as a "box". Actually it’s a customized stack of paper with a lot of words on the pages - but it’s helpful to think of it as a box. When a Revocable Living Trust is first created and signed, think of...