Although you may not realize it yet, there is a very good chance that you (or a spouse) will need to qualify for Medicaid as a senior to help cover the high cost of long-term care. With that in mind, it is a good idea to clear up some of the numerous myths and misconceptions about Medicaid eligibility and benefits. One of the most common of those misconceptions is the belief that you cannot own a home and qualify for Medicaid. The Medicaid planning attorneys at Augulis Law Firm clear up the … [Read more...] about Will I Lose My Home If I Need to Qualify for Medicaid?
It isn’t easy to accept the physical and/or mental deterioration that accompanies the natural aging process. If you have an adult child, however, who is willing to care for you it can make it somewhat easier. Of course, even if your adult child wants to provide your care, doing so can put a strain on his/her family finances. As the Medicaid lawyers at Augulis Law Firm explain, there may be a program in New Jersey that will pay your adult child to care for you. What Is a Medicaid Waiver? … [Read more...] about Will Medicaid Pay My Child for Providing Care?
As both your assets and your family grow, you will need to review and revise your estate plan to ensure that it reflects your current needs and objectives. One component that most people will want to add to their estate plan as they get older is Medicaid planning. Another important addition to your estate plan is funeral planning. The attorneys at Augulis Law Firm explain how adding a pre-paid funeral contract to your estate plan can actually help with both your funeral planning and your … [Read more...] about Medicaid Attorneys Explain How a Pre-Paid Funeral Contract Can Help
You may have heard people talking about the need to consult with a Medicaid planning attorney and wondered why you would need one. After all, you have never before relied on Medicaid to cover your health care expenses. What you need to know, however, is that there is a very good chance that you (or a spouse) will need to rely on Medicaid at some point during your retirement years because of the high cost of long-term care. A Medicaid planning attorney will help you plan for the possibility that … [Read more...] about Do I Need a Medicaid Planning Attorney?
Hopefully, you recognize the need to have a well thought out estate plan in place to ensure that your assets are distributed according to your wishes when you are gone. Your estate plan, however, should accomplish much more than simply creating a roadmap for the disposition of your estate assets upon your death. For example, have you considered the very real possibility that you, or a spouse, will need long-term care (LTC) at some point during your retirement years? If you do need nursing home … [Read more...] about Do I Need a Nursing Home Planning Attorney?