Recent News and Updates
Blog posts tagged with "elder law"
A second marriage later in life can trigger several issues regarding who will receive assets upon one spouse's death. However, additional issues may arise related to a spouse needing long term care (nursing home/assisted living).
Probate is a court procedure that enables your estate assets to transfer to your heirs. When you pass, the "title" to certain assets cannot transfer to your heirs unless your Will is probated.
Elder law attorneys need to advise clients regarding long-term care planning. This includes financial issues pertaining to how to pay for long-term care and whether lifetime savings can be protected from having to be depleted to pay for long-term care. Planning discussions include long-term care insurance, privately self-insuring to pay for long-term care, obtaining Medicaid benefits, or obtaining Veterans Aid and Attendance benefits to pay for long-term care.
In my estate planning and Elder Law practice, I am often asked, "Do I need a trust?" Many people hear about their friends or family that have a trust and they think maybe they need one too.