Southwood Case Reminds Us That Incapacity Planning is Important

Estate Planning Attorney Cleveland

What is Mental Incapacity or Incapacitated? As we age, our likelihood of mental incapacity increases. After all, our bodies and minds deteriorate as we age. Mental incapacity could result from dementia, stroke, brain injury, or other illness. What is mental Read More …

Home Health Aide Costs See the Sharpest Increase in Annual Long-Term Care Survey

Long-Term Care Planning Avon

Long-term care costs climbed again in 2021, with rates for home health aides and homemakers seeing the sharpest rises, according to Genworth’s annual Cost of Care Survey. The coronavirus pandemic continues to contribute to cost increases. In the past year, Read More …

IRS Issues Long-Term Care Premium Deductibility Limits for 2022

Long-Term Care Deductions

The Internal Revenue Service (IRS) has announced the amounts taxpayers of different ages can deduct from their 2022 income as a result of buying long-term care insurance, and the figures are almost the same as in 2021. Many types of Read More …

Medicare’s Limited Nursing Home Coverage

Many people believe that Medicare covers nursing home stays. In fact Medicare’s coverage of nursing home care is quite limited. Medicare covers up to 100 days of “skilled nursing care” per illness, but there are a number of requirements that Read More …

Lock in the Current Estate Tax Exemption to Benefit Your Spouse

Selling a House After Spouse DIes

With the fate of the estate tax exemption uncertain, you may want to use the current large exemption to transfer assets to a trust to benefit your spouse. A spousal lifetime access trust (SLAT) can help transfer assets outside of Read More …

What It Means to Need ‘Nursing Home Level of Care’ for Medicaid Eligibility

Medicaid Qualifications

When applying for Medicaid’s long-term care coverage, in addition to the strict income and asset limits, you must demonstrate that you need a level care typically provided in a nursing home. Whether you are applying for nursing home coverage or Read More …

Social Security Shortfalls Are Predicted to Begin a Year Earlier Due to the Pandemic

Social Security Planning Attorney Cleveland

The Social Security trustees are projecting that due to the economic downturn caused by the pandemic the Social Security trust fund will be depleted in 2033 — one year earlier than the previous estimates. Once the fund is depleted, Social Read More …

Medicare Open Enrollment: Review Your Choices

Coronavirus Estate Planning Attorney

Every year Medicare gives beneficiaries a window of opportunity to shop around and determine if their current Medicare plan is still the best one for them. During Medicare’s Open Enrollment Period, which runs from October 15 to December 7, beneficiaries Read More …

Keep the Cost of Long-Term Care from Depleting Your Estate

Estate Planning Attorney Avon Lake Ohio Elder Law Joe Motta Attorney long term care and medicare planning

One of the greatest concerns of seniors and their families is the cost of long-term care, especially the cost of nursing home care. Long-term care refers to a range of services necessary to meet your personal needs. Most long-term care Read More …

Expanded Protections for Non-Borrowing Spouse of Reverse Mortgage Holders

Reverse Mortgage Estate Planning Attorney

This is our first post about reverse mortgages. If you have questions about how a reverse mortgage could fit into your estate planning, please contact us for a free consultation. New Protections for the Non-Borrowing Spouse of Reverse Mortgage The Read More …

Dual Eligibility: Qualify for Both Medicare and Medicaid to Reduce Costs

Dual Eligibility

Qualifying for Medicare hardly means free health care — there are still premiums and deductibles. However, people who qualify for both Medicare and Medicaid (called “dual eligibility”) receive help paying their out-of-pocket costs. Medicare is a federal program available to Read More …

Who Should Buy Long-Term Care Insurance?

paying for long-term care

Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or Read More …

What to Do with Stimulus Check if You’re in a Nursing Home or on Medicaid

Elder Law Attorney in Avon Ohio

As the second (and maybe third) round of stimulus checks go out, it is important to know that nursing home residents are not required to turn their checks over to their nursing home. And Medicaid recipients need to spend the Read More …

What is Long-Term Care and Who Provides It?

Long-Term Care Planning Avon

Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided which are explained in our Read More …

Rise in Assisted Living Facility Costs Amid Pandemic

Long-Term Care Planning Attorney Near Me

All long-term care costs rose sharply in 2020, but assisted living facility costs increased the most, according to Genworth’s latest annual Cost of Care Survey. The across-the-board rises were due in part to increased costs brought on by the coronavirus Read More …

Benefits of a Pre-Paid Funeral Plan and Tips for Vetting Out the Funeral Home

PrePaid Funeral Expense Medicaid Qualifications

Prepaying for your funeral is one way to ease the burden on your family following your death and make sure your wishes are carried out. But pre-paid funeral plans come with risks, so you need to exercise care when purchasing Read More …

Does My Living Will, or Advance Directive, Work in Another State?

Check Your Advance Directives with Estate Planning Attorney If You Go out of State

Making sure your end-of-life wishes are followed no matter where you are is important. When you move to a different state, work in a different state for long periods of time, vacation in a different state for months at a Read More …