Guardianships and Conservatorships
Advance Directives for Health Care
There are a variety of situations in which other people may make decisions for you.
Elder Law includes a wide range of subjects, including matters relating to Medicaid, including asset protection, Medicaid spend down, look back periods, avoiding or dealing with disqualification for Medicaid, and planning for a situation where one spouse needs to enter long term care, but the other may be able to remain in the home.
Things You Should Know
The cost of long term care and medication can easily exceed $10,000 per month per individual. Even in lower cost long term care situations, the cost often exceeds $4,000 per month.
Ten years of long term care at these rates, thus, ranges between $480,000 and $1.2 million.
In addition, if a person is not able to handle his or her own affairs, the cost of a protective proceeding such as a guardianship or a conservatorship can range between a few thousand dollars, and many tens of thousands of dollars.
Time for First Contact
Consider contacting an Elder Law attorney before you, your spouse, or your parents make any significant transfer of property. Consider getting the advice of an Elder Law Attorney:
What People Need to Know to Protect Themselves and Their Families
Why is it in a person’s best interest to know something about Elder Law?
It can have significant effects on a person’s financial future, and on the financial future of the person’s family.
What is Elder Law?
Elder Law deals with Medicaid and related matters, in addition to Wills, Trusts, Probates, Powers of Attorney, and the like.
Why is it important to know about some of these issues?
There are two major government programs which provide medical benefits for senior citizens, some children, and certain persons with disabilities. One of these, Medicare, provides various hospital and outpatient physician and other health services. This can be compared to the health insurance that some employers provide.