This is the first of several parts discussing Medicaid planning. It is no secret the cost of long-term care in America is the greatest threat to the economic well-being of most Americans. There are only three ways to pay for long-term care: Private long-term care insurance; private resources; and after you have spent all your money and are broke; Medicaid.
What do Wilson Pickett, Bobby Goldsboro, Marvin Gay, and Carole King all have in common? Other than being popular singers?
They all said it’s too late! But is it?
Social Security payments are determined by a number of factors: the amount of money you earn and amount you pay into the Social Security system, the age at which you begin taking benefits, marital status, how long you work, disability status and other factors. There are a number of ways to increase what you receive from Social Security. Not all of these methods will be applicable to everyone or even practical but consider them nonetheless.
Since 1993, every state must establish a program to recover Medicaid expenditures from the estates of recipients. 42 U.S.C. § 1396p(b)(1)(B). This is known as “estate recovery.” In theory states can impose liens to personal or real property 42 U.S.C. § 1396p(a) or seek to recover from the Medicaid recipient's decedent's estate. 42 U.S.C. § 1396p(b)(1)(A).
5 Upcoming Webcast on 3 Intriguing Topics –Register Today!
In essence, Wills do nothing while the Will maker is alive. Trusts function as both substitutes for powers of attorney and for wills.
Did you know that once a child reaches the age of 18, you no longer have access to your child's medical or financial information or that you no longer have the ability to make medical decisions or act in a financial capacity for them unless you have their written consent or are with them and they give their verbal consent?
As valued colleagues and clients, we want to continue keeping you informed of the operations of Estate & Elder Law Services amid ongoing concerns of COVID-19.
The Elder Law section is comprised of Delaware attorneys who are interested in the impact of the law on the elderly, including but not limited to, issues relating to elder abuse and financial exploitation, adult guardianships...
Turmoil, anxiety, vexatious, how many words can you use to explain the Covid-19 plague?
Thanks to the efforts of the Delaware State Bar Association, Gov. Carney issued an order permitting attorneys to conduct remote notarization...
At Estate & Elder Law Services we are here to serve our clients: the elderly, those with disabilities and their families. No one is more important.
As valued colleagues and clients, we want to continue keeping you informed of the operations of Estate & Elder Law Services amid concerns of COVID-19.
In light of the COVID-19 pandemic, we continue to react proactively and erring on the side of caution to protect the safety and well-being of our staff, clients and advisors...
In light of the outbreak of the coronavirus, we are reacting proactively and erring on the side of caution to protect the safety and well-being of our staff and clients...
- Memory Cafe's Help Alzheimer's Patients and Families
- Nursing Home Roundup
- Health Updates
- American Retirees are Healthier and Wealthier
- An Estate Plan Turns Worries into a Plan
- Technology News
Science Backs the Benefits of Dancing
Four Things That Matter Most Late in Life
Some Medications Don’t Mix Well with Alcohol
Study Shows Number of Delaware Docs is Declining
Understanding Social Security Survivors Benefits
Many Remote Nursing Homes are Closing
- How Much will the Hospital Charge?
- Technology Update
- Ease into retirement
- Tiny Homes
- Surgery Does Not Always Help Knee Pain
- Aging is not a Disease
- Court Allows Medicaid exceptions