In the United States we enjoy one of the longest average life expectancies in the world. That means that you can look forward to leaving well into your retirement years and beyond. While we now live, on average, almost twice as long as we did just a century ago, the natural aging process continues to cause physical and mental deterioration as we age. Consequently, there is a good chance that you will reach a point where living alone becomes problematic. At the same time, you may not feel that a … [Read more...] about Will Medicaid Pay for Home Health Care in Illinois?
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What Is the Medicaid Minimum Monthly Maintenance Needs Allowance?
One of the most important components of any comprehensive estate plan is a long-term care planning component. Planning for the likelihood that you (or a spouse) will need long-term care ensures that you can pay for that care when the time comes. If you are concerned about how your spouse will fare financially if you enter a LTC facility, a better understanding of the Medicaid spousal impoverishment rules may put your mind at ease. Toward that end, the Henry County Medicaid planning attorneys at … [Read more...] about What Is the Medicaid Minimum Monthly Maintenance Needs Allowance?
Reasons You Might Need an Elder Law Attorney
With the rapid increase in the older population in the United States, legal issues related to the elderly and to those who care for them have taken on a heightened importance. Given that elder law is such a relatively new area of the law though, you may not even recognize the need for an elder law attorney. To help you know when you need one, a Davenport elder law attorney at Nash, Bean, Ford & Brown, LLP discusses common reasons why you might need an elder law attorney. The Need for … [Read more...] about Reasons You Might Need an Elder Law Attorney
Coronavirus and Nursing Homes
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Social distancing and self-quarantine can help slow the spread. The virus is a particular threat to residents of nursing homes. Read on to learn more about the threat and how you can keep your loved ones safe. Read on to learn more … [Read more...] about Coronavirus and Nursing Homes
What Is a Medicaid Trust?
If you do not yet have a Medicaid planning component in your estate plan, you should consider adding one. Although you may have never before needed to rely on Medicaid, that could change when you reach your retirement years. In fact, a Medicaid planning attorney at Nash Bean Ford & Brown LLP explains what a Medicaid trust is and why you might need one. Why Do I Need to Worry about Medicaid? If you (or a spouse) need long-term care (LTC) at some point, there is a good chance you will need … [Read more...] about What Is a Medicaid Trust?
Estate Planning for Parents with Minor Children
If you are the parent of minor children, they are undoubtedly your primary motivation for creating a successful estate plan. As such, your estate plan should be tailored to provide for your children. An estate planning attorney at Nash Bean Ford & Brown, LLP explains how estate planning for parents with minor children begins by deciding how to protect the inheritance intended for those children. Last Will and Testament Basics A Last Will and Testament is a legal document that communicates … [Read more...] about Estate Planning for Parents with Minor Children
A “Good Death” Requires Planning
When many of us contemplate the last months or years of our lives, we hope to spend that time at home instead of in a hospital. That hasn’t always been the case though. If you are among those who hope to experience a “good death,” you need to plan ahead, says an elder law attorney at Nash Bean Ford & Brown, LLP. A “Good Death” According to a recent New York Times article, people’s attitudes about what constitutes a “good death” have changed dramatically over the years. Around the turn of … [Read more...] about A “Good Death” Requires Planning
How Does Divorce Impact Your Estate Plan?
Your estate plan does not exist in a vacuum. Instead, a wide range of factors and events can significantly impact your estate plan. Divorce is among those events. To help you better understand and plan, an estate planning attorney at Nash Bean Ford & Brown, LLP explains the impact a divorce can have on your estate plan. When a Marriage Ends At the beginning of a marriage, it is common to think of the marital assets as “what’s mine is yours and what’s yours is mine.” At some point, however, … [Read more...] about How Does Divorce Impact Your Estate Plan?
Top 5 Obstacles to Avoid during Probate
When a family member, or close loved one, passes away, the grieving process that follows often overwhelms the survivors. Focusing on even the most mundane of tasks can be difficult in the wake of a loss. If you were appointed as the Executor of the estate by the decedent, however, you must find a way to focus on the duties and responsibilities involved in probating the estate. To help prevent costly mistakes, the probate attorneys at Nash, Bean, Ford & Brown, LLP point out several common … [Read more...] about Top 5 Obstacles to Avoid during Probate
Reasons to Use a Living Trust to Distribute Your Estate
When you created your initial estate plan, you probably relied on a Last Will and Testament to take care of distributing your estate assets. As you and your estate grow, however, so should your estate plan. It may be time to consider another option for distributing your estate assets – a living trust. To help you decide which option is right for you, the estate planning attorneys at Nash, Bean, Ford & Brown, LLP explain some common reasons why many people choose to use a living trust to … [Read more...] about Reasons to Use a Living Trust to Distribute Your Estate
