Age-related issues in estate planning
Elder Law is a practice area that helps Seniors address age-related issues in estate planning. It also addresses estate planning for those with a disability. In this area of practice, Sheri Tucker works with Seniors and their families in a range of issues that affect their care, finances, and their estate plans. Your Estate Ally helps families find critical legal solutions for long-term care planning, estate planning, powers of attorney, and special needs planning. Estate Planning may include Asset Protection for VA benefits and Medicaid plans. Why do you need an attorney who focuses on elder care and law issues? There are many reasons to choose an attorney who understands and practices in the area of elder law. For more information click here.
Long-Term Care
Young people may suffer from a Traumatic Brain Injury (TBI) and require long-term care. A cancer diagnosis may occur at any age. Seniors may receive a diagnosis of dementia and need long-term care. Long Term Care is expensive and often, people do not have a policy. Not being able to pay for long-term care starts the conversation for Medicaid planning.
Medicaid Planning
Two types of Medicaid Planning exists. First there is Medicaid Pre-Planning, which is a 5-year plan for the “look-back” period to qualify for Medicaid. Second, there is Medicaid Crisis Planning. Crisis planning means a family member needs immediate long-term care. The attorney provides the family with different strategies to navigate the complex process for a Medicaid crisis plan.
Veteran Planning
If a loved one served in the military, he or she may have access to a range of veterans' benefits but needs a Veteran Asset Protection Trust (VAPT) to help qualify for benefits. There are times a Veteran may also need to qualify for future Medicaid. Veteran Asset Protection is a 3-year Pre-Plan for a penalty period “look-back.” There are solutions to immediate veteran benefit qualifications. There are solutions to immediate veteran benefit qualifications. Qualifying for Veteran benefits and Medicaid is a two-step process that involves different solutions in estate planning.
Powers of Attorney
In Elder Law, enhanced powers of attorney are important. Seniors and people with disabilities need enhanced powers of attorney. Boiler-plate powers of attorney do not adequately address elder law issues in estate planning. Care is needed to make sure Seniors choose a trusted fiduciary to help in case of a future diagnosis of dementia or Alzheimer's.
Special Needs
Special Needs Trusts are for seniors under 65 and people with disabilities. If you have a child with a disability, are an adult with a disability or you receive government benefits, consider a consultation. More information is provided for at the following: Special Needs Trust
Have questions? Reach out to Sheri Tucker today and she will get back to you as soon as possible. Call 314-332-0011 today.
Want a consultation with Sheri? Click here to complete your initial information. Completing this form does not create an attorney-client relationship.