Do I need a lawyer to set up a special needs trust?
May 29, 2016
No, a lawyer is not necessarily required to set up a special needs trust. However, due to the drafting requirements and difficulty that surrounds the formation of a trust in general and the specifics ...
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What are special needs trusts?
May 29, 2016
Trusts designed to aid a person with special needs are commonly known as special needs trust. There are three main types of special needs trusts: the first-party trust, the third-party trust, and the ...
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How much does long term care cost?
May 29, 2016
The cost of long-term care changes depending on a person’s situation, needs, and previous planning. In 2015 Home Health Care cost an average of $44,616 to $45,760. While an Assisted Living Facility co...
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Can I protect my assets by transferring them to my kids?
May 29, 2016
You may be able to protect your assets by transferring them. But, this may cause other effects. Medicaid imposes a 5 year look back period for all transfers. If a transfer is for less than fair market...
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Can Medicaid take our house for reimbursement?
May 29, 2016
No, in Florida, your home is afforded what is called homestead protection. Meaning it is protected from creditors and entities that attempted to take it to covers debts and payments, such as reimburse...
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If my spouse goes into a nursing home, will I have to give away most or all of my assets?
May 29, 2016
The short answer is no. While a spouse is institutionalized, the other spouse is considered something called a community spouse. The community spouse has a resource allowance, which basically allows y...
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What is Medicaid planning?
May 29, 2016
Medicaid planning consists of preparing in advance or in response to an unanticipated need for care. This means looking at your assets and setting up a plan that will benefit you and your family. The ...
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Why do I need help obtaining Medicaid coverage?
May 29, 2016
The process of dealing with the state’s welfare bureaucracy is often very time consuming and complicated. The experience an elder law attorney can provide is extremely valuable when trying to obtained...
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What is the difference between Medicare and Medicaid?
May 29, 2016
There are many differences between Medicare and Medicaid. The simplest way to differentiate between the two is that Medicare is earned by working, while Medicaid is given to those who qualify for it. ...
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What are my options for avoiding probate?
May 29, 2016
There are multiple actions a person can take to avoid probate. The benefit of doing so is that a person avoids the length of the probate process and avoids the costs and attorney’s fees associated wit...
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