by Randy Coleman | Mar 25, 2012 | Elder Care, Elder Law, Long Term Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes, Qualified Income Trust |
If your spouse is required to enter a skilled nursing facility it is not necessary for you to “give away” all of your assets to protect your assets from the cost of your spouse’s nursing home care. Assuming that you and your spouse do not have...
by Randy Coleman | Mar 22, 2012 | Disability Planning, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, Qualified Income Trust |
Nursing home care in a skilled nursing home in Northeast Florida now averages about $85,000 per year. If you, or a family member or other loved one, needs skilled nursing home care, there are only three ways to pay for the cost of the nursing home care. The first is...
by Randy Coleman | Feb 6, 2012 | Asset Protection, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, Qualified Income Trust |
Florida is an “Income Cap State” with regard to eligibility for Medicaid benefits to pay for nursing home care. That means that if the nursing home resident’s income exceeds the “income cap”, he or she will not be able...
by Randy Coleman | Jan 25, 2012 | Advance Directives in Florida, Designation of Health Care Surrogate, Disability Planning, Durable Power of Attorney, Elder Care, Elder Law, Guardianship, Health Care Power of Attorney, Life Estates, Living Will, Long Term Care, Medicaid Planning, Nursing Homes, Retirement Planning, Titling of Assets |
There is no question that long term care for the elderly is expensive. Similarly, there is no question that as the population ages, the cost of long term care will continue to increase if for no reason other than the basic economic propositon that increased...
by Randy Coleman | Dec 14, 2011 | Disability Planning, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, VA Aid and Attendance, VA Benefits, Veterans Pension Benefits |
For about the last year I have been an Accredited Attorney with the Veterans Administration, Department of Veterans Affairs. Over that period of time I have been exploring all of the nuances of Veterans Benefits and the situations in which Veterans Benefits can be of...
by Randy Coleman | Nov 3, 2011 | Disability Planning, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Medicare, Nursing Homes, Retirement Planning, Social Security |
Ignorance is bliss! The baby boomers, turning 65 at the rate of 10,000 per day, seem to be fooling themselves into believing they won’t need long term care during their lifetime. In a recent study conducted by Genworth Financial (the 2011 Financial Reality...
