Video Transcription: Nursing homes are required to keep records of the care they provide. There is a file kept on each resident. That resident's file includes the medications they're taking, how often they're taking them, the kinds of care they're provided, doctor visits and whether or not they eat as well as all medical...
Video Transcription: Nursing home residents are entitled to privacy. They're entitled to privacy in their care, and their health care records, as well as their communication with others and their mail.
Video Transcription: Individuals on Medicaid in a nursing home are required to pay what's called a patient responsibility. The patient responsibility is their gross income minus their Medicare supplemental policy minus their personal needs allowance, which ranges from $35 to $100 a month depending on your state. All the...
While an inheritance is nothing more than the transfer of property or money to a beneficiary, many clients hope it will enhance the beneficiary's life well into the future. Clients may wish to secure basic necessities for a child. They may want to ensure it encourage a child's productivity or positive behavior. Clients...
An ABLE account is a special savings account for people with disabilities created by the Achieving a Better Life Experience Act (ABLE) of 2014. The purpose of these accounts is to allow people with disabilities to save money in a tax-favored way without jeopardizing means-tested benefits like Medicaid, SNAP (formerly...
I give a lot of community presentations estate planning. At these presentations, the most common question get is: Can I use internet forms to do my estate planning? The answer I give in my presentation is from the old Fram Oil Filter commercial: "The choice is yours. Pay me now. Or, pay me later." In essence, use of...
In life we passionately support the charities we love. However, we often believe we can no longer do so after we die. A common misunderstanding is that one must be wealthy to leave money to a charity in an estate plan. When I ask my clients about leaving money to their favorite charity in their estate plan, they often...
Video Transcription: Filial responsibility refers to the obligation imposed by statute, in many states, holding family members liable for the costs of care and upkeep for an elderly or disabled loved one. These laws differ depending on which state you are in. And some states, like Florida, do not have filial...
Video Transcription: Medicaid penalizes transfers for less than fair market value. This is referred to as the penalty period. The penalty period is calculated by taking the value of the transfer for less than fair market value divided by what the state has determined is the current monthly cost of care in a nursing home....
Video Transcription: Elder abuse is the physical, emotional, sexual, psychological, or financial abuse of an elder. Defined as someone aged 60 or older. Many states have expanded the definition of elder abuse to also include other vulnerable individuals such as those with a disability. If you suspect elder abuse please...