The practice of elder law is a little different than most other legal niches. As opposed to being defined by the type of legal issues they handle, elder law attorneys are more often defined by the individuals they help – primarily older persons. Elder law attorneys work with this population…
Articles Posted in Long-term Care Planning
Medicaid Planning: Avoid These 4 Things
by Carmine Perri You want to apply for Medicaid – a complicated process – but you’ve heard that hiring an attorney specializing in Medicaid planning is expensive. So why not use one of those services that say they’ll do the same thing for less? But do they really do the…
10 Tips You Should Know About Long-Term Care Insurance
Few of us want to face up to the struggles advanced age can bring, much less plan for them. But since it’s a good bet that you’ll live longer than previous generations in your family, you have to ask yourself this question: Will I be able to afford those extra…
Be Careful: Transferring Assets to Qualify for Medicaid in Connecticut May Backfire
If you want Medicaid in Connecticut to pay for your long-term care, one thing you should NOT do is give away your assets – unless you think you won’t need Medicaid within the next five years. When you apply for Medicaid for long-term care in either a nursing facility or…
Annuities as Asset Protection for Couples: Smart Move if You Do it Right
By Lara Schneider-Bomzer Purchasing annuities is a good way for married couples to protect assets, but doing it wrong could mean huge penalties. Here is what you need to know about annuities as it relates to Medicaid planning in Connecticut: If your spouse is residing in a nursing home or…
Caring For Your Parents? 5 Sibling Disputes and How to Avoid Them
Sibling relationships can be fraught even in the best of times. Under the stress and strain of dealing with the needs of aging parents, they can deteriorate swiftly and dramatically. It’s a common issue faced by families from all walks of life. But it can be easier to manage if…
What You Should Know About Social Security Disability Insurance (SSDI)
The Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) disability programs are the largest of several Federal programs that provide assistance to people with disabilities. While these two programs are different in many ways, both are administered by the Social Security Administration and only individuals who have a…
Reasons You May Want to Avoid Annuity Income Doublers
By Linda Raineault Have you heard the sales pitch? There are annuities available that contain provisions known as “nursing home income doublers” that can help you pay for the cost of a nursing home stay. These provisions are found in annuity contracts that guarantee the purchaser an income stream for life…
Beware of Signing a Nursing A Home Agreement
By Carmine Perri Imagine yourself in this situation: As a favor, you agree to help your spouse’s parent get settled into a nursing home. If you’re like most people, you’d be emotionally stressed and feeling a bit guilty. Not exactly the best mindset for absorbing complex information nor for making…
Making Your Finances Stretch: Connecticut’s Assisted Living Pilot Program
You did well financially, and when the time came to move to assisted living you never considered the possibility that you might run out of money. But you didn’t expect to live this long! And now that you need more help, it’s even more expensive to live. What do you…