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Life Planning for the Beneficiary with Special Needs

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By creating a special kind of trust, you can ensure the financial security, health, well-being and safety of your disabled beneficiary after you are no longer able to physically provide for their care.

Individuals who have children with special needs, whether as the result of a genetic disorder, injury, or mental or physical illness, face several …

The Vault – The Unparalleled Protection of Dynasty Trusts

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by Gregory Aler

One of the main goals of every effective estate plan is to afford maximum protection to your assets and beneficiaries. It makes very little sense to spend an entire lifetime accumulating wealth unless you are going to take the appropriate measures to ensure that it is protected after you are …

The Journey Home: Three Steps to Choosing a Long-Term Care Facility

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The Family Caregiver Alliance reports that the likelihood of individuals over age 65 becoming cognitively impaired or needing some type of Long-Term Care Long-Term Care is 68%. Oftentimes, the choice of a Long-Term Care facility in which to place a loved one is made in response to an emergency situation. Whether an individual is entering …

Long-Term Care Hourglass: Why Every Second Counts When Planning For Your Future Care

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by Gregory Aler

Will you need long-term care? Most likely YES. Recent statistics have shown that over 70% of adults over the age of 65 will need some form of Long-Term Care (this includes in-home, assisted living or nursing home care). So you know you’ll likely need it. Now you’re thinking, how much is this Long-Term …

Veteran’s Aid & Attendance Benefits – Dispelling The $80,000 Asset Myth

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by Tim Stallings

The Department of Veterans Affairs offers many beneficial options, including the Aid & Attendance program. The VA designed the program to provide a monthly benefit for veterans or their surviving spouses whose assets are being drained by high medical costs. This program is based on need. To test need, the VA evaluates the claimant’s …

How an Irrevocable Trust Can Protect Your Assets

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By Tim Stallings

What if I told you there was a way you could protect one of your biggest assets from the nursing home and the Medicaid “spend-down.” For many seniors, learning that there is a way to shield their house or their family farm from the cost of long-term care is some of the best news …

Understanding the Important Differences Between Medicaid and Assisted Living Facilities

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By Tim Stallings
When an elderly person needs additional help and is looking for a facility, or a catastrophic incident occurs and a loved one can no longer stay at home, most people begin to research long- term care facilities. Many people do not realize there is a difference between that Medicaid views assisted living facilities …

Life Estate and Medicaid Planning – A Bad Idea for Ohio Farmers

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by Timothy Stallings

In the past, attorneys commonly used the life estate approach to for purposes of obtaining Medicaid benefits. Although there were better approaches available, the life estate method continued to be the most common. Many people (including attorneys) fail to comprehend how a life estate is treated when it comes to the Medicaid recipient’s …