The Alzheimer's Association Long Island Chapter is hosting a two-part legal and financial planning program on Sept. 22 and 29. Click here for additional information and see below for information about the topics to be covered, including "Protecting the Family Home."
Please see below for some useful financial and legal articles:
Protecting the Family Home
A great way to protect the home if nursing home care is not imminent would be to transfer the home into a Medicaid Irrevocable Asset Protection Trust. If drafted properly, the home will be protected and tax advantages will be preserved.
Why You Need a Durable Power of Attorney Drafted By An Attorney
After nearly 25 years of practicing law, giving seminars, and educating my clients and their families about the pitfalls of not having a good, durable power of attorney, the number of cases of new clients, in desperate situations because they do not have a power of attorney, is still overwhelming. Often such circumstances require a Court guardianship proceeding, with hours and costs involved that can certainly be profitable for a law firm, but at the incapacitated person's expense.
What You Should Know About Managed Long Term Care Plans
Managed Long Term Care plans (“MLTC’s”) are now the providers of home care services to Medicaid eligible recipients with few exceptions. The MLTC plan receives a fixed amount each month (the capitated rate) for every case it enrolls, no matter how many hours or services the plan provides.
Medicaid Home Care, Times have Changed
These changing times with regard to how Community Medicaid services are now being delivered will require a tremendous amount of public education, advocacy and intervention on the part of families and elder care professionals.