Many of us will need long term skilled nursing home stay at some point in our lives. The cost of this care can range from $6,500 to $12,000 per month depending on the facility. If you need skilled nursing home care in California and you qualify for Medi-Cal, the state can still come after your…
Is your power of attorney for financial affairs over 10 years old? If it is, you may want to have it checked by an Elder Law attorney in your state. If one or both spouses are heading towards long term skilled nursing, having the proper power of attorney may enable them to move assets around…
A trustee is a legal term used in estate planning. The trustee is the person or persons who manage the decisions and fulfill the purpose of a trust. It is usually the surviving spouse when the first spouse passes away and then another party when the last surviving spouse is gone. The goal is that…
3 Reasons you should consider an Elder Care Law Attorney 1. You’re getting a specialist. Their practice concerns explicitly legal matters unique to elders. Elder law state laws are quite specific, and their administration may differ from one state to another. You need a Elder Law attorney to interpret these rules. 2. You’re getting an attorney with specific…
As of January 1, 2016, there is a new estate planning tool available to residents in California. It’s called a “transfer on death”, or TOD deed. The TOD deed allows owners of certain residential real property to name one or more beneficiaries to receive title to the property upon death, thus avoiding the need to…
Protecting your assets from Nursing Home Costs The topic of covering nursing home costs is always a difficult one. No one wants to go to a skilled nursing facility, but sometimes our health puts us there. I always discuss the issue of planning for the possibility of an extended nursing home stay with all…
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