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Fracking and Asset Protection

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As our practice has grown and we are covering most of Ohio, we have come across a unique issue in the eastern part of Ohio, Hydraulic Fracturing Drilling or simply “fracking” for shale gas deposits.  This phenomena has created a significant amount of wealth for land owners with shale deposits under their land with a …

What to Consider with the Family Farm

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The family farm is a business that goes beyond providing income and support.  It transcends generations. It’s a way of life. When it comes to keeping it that way, family dynamics matter. Do any of the children help with the farm? Do they live off the farm income? Do you want to make sure the …

Gave It Away and Can’t Get It Back = Medicaid Trouble

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Most Medicaid applicants quickly realize that giving away assets can get them in trouble. To receive help paying for the nursing home through Medicaid, you must disclose your financial transactions during the last five years, referred to as the “look-back period.” Ohio has a five-year look-back period. If you gave away an asset or sold …

Dale & Emily Pitney, McComb, Ohio

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What we liked most is exactly what makes them unique: a keen understanding of elder law.

Emerson & Joanne Lake, Middleburg Heights, Ohio

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We would challenge anyone to find a more comprehensive firm in the practice of Elder Law.

VA Aid and Attendance

VA Aid and Attendance

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Are you a veteran who is 65 or older or are you the surviving spouse of a veteran and have not remarried?  If so, are you no longer able to perform normal tasks such as eating on your own, dressing or bathing?  Are you suffering from Alzheimer’s or Dementia and no longer able to care …

Medicare vs. Medicaid

Medicare vs. Medicaid

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As Elder Law Attorneys, we are asked, “What the difference between Medicare and Medicaid?”

Simply put, Medicare is health insurance for Americans over the age of 65 and Medicaid is the government assistance program available to pay nursing home, assisted living or in-home care costs for Americans over the age of 60.

Medicare pays for doctor visits, …

Don’t Lose it All: How Planning While You’re at Home Can Save Your Nestegg from the Nursing Home

Don’t Lose it All: How Planning While You’re at Home Can Save Your Nestegg from the Nursing Home

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Yesterday, all my troubles seemed so far away – The Beatles’ classic song about regret rings all too true among those in a nursing home crisis. What seemed like a good idea at the time becomes a huge problem when people give gifts or make transfers just before they go to a nursing home. We …

NAELA Conference

AlerStallings Celebrates Elder Law Month

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It’s that time of year again! The Annual National Academy of Elder Law Attorneys (NAELA) Conference is taking place in Orlando, Florida. AlerStallings will be well represented, as Greg Aler and Tim Stallings are in attendance. They will listen to insightful speakers, engage in dialogues with Elder Law professionals from all over the country, and …

ALERSTALLINGS LLC is proud to celebrate National Elder Law Month this May.

ALERSTALLINGS LLC is proud to celebrate National Elder Law Month this May.

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AlerStallings is an Elder Law Firm with 12 attorneys practicing throughout central and northern Ohio.  Founding partners Greg Aler and Tim Stallings are both members of the National Academy of Elder Law Attorneys (NAELA) and of the Ohio State Bar Association.

 

With a growing population of Americans age 65 years or older, the importance of planning …

My Spouse Went to a Nursing Home – Can I keep his income?

My Spouse Went to a Nursing Home – Can I keep his income?

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I get this question at almost every consult for a nursing home emergency and from many other professionals I work with when I do nursing home planning. This question is common because it’s difficult to answer. Here’s the good news: You get to keep all of your income no matter the amount!

Now to answer the …

Are the Aid and Attendance Rules Changing?

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At AlerStallings, our office has been buzzing the last few weeks about a proposed rule change by the Department of Veteran’s Affairs (the “VA”). The VA wants to impose a look-back period for applications for its Aid and Attendance pension, much like the Medicaid look-back already in place. The move is meant to leapfrog Congress, …

Michael & Linda Livingston, Jenera, Ohio

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We knew we needed to protect our assets and were relieved to have the process simplified that we could understand and the affordability.

Are your spouse’s assets at risk if you go into a nursing home?

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How can you make sure your assets are protected from long-term care costs?

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Can you receive government benefits for care and still stay at home?

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Why are guardians appointed?

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What other benefits are out there for Veterans?

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Can veterans get benefits to pay someone for their at-home care (even a child)?

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Do you have too much money for the Aid & Attendance Pension?

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Is the Aid & Attendance Pension application process complicated?

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Where should you report suspected nursing home abuse?

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What do you do if a parent starts to slip physically or mentally?

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Is your IRA protected from long-term care costs?

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Do life estates still work to protect your house or farm from nursing home expenses?

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Should you rely on the caseworker at ODJFS for planning advice?

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How much can you receive each month from the Veteran’s Aid & Attendance Pension?

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How much can you receive each month from the Veteran’s Aid & Attendance Pension?

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Are you eligible for Veterans benefits?

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How does the Medicaid spend-down work?

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Which type of healthcare facility is right for me?

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What happens if you can no longer make financial or health decisions for yourself?

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How much can you give away without having to worry about gift tax?

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What happens if you die with no planning?

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How long is the probate court process?

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Does a revocable living trust protect your assets from the nursing home?

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Aren’t trusts just for rich people?

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How do I know when it’s the right time to consider business succession planning?

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How do you protect your IRA from taxes?

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Can’t you just give your assets to the kids and then apply for government benefits?

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How can you make sure the family farm stays in the family?

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Theodore & Cathy Mitchell,  Jeromesville, Ohio

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The attorneys laid out all the information in general at the presentation and then he was very specific at our meeting.  We highly recommend AlerStallings for peace of mind.

 

Adam Rammel, Bellefontaine, Ohio

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I am most impressed with the level of education that AlerStallings provides to the community and their clients via workshops and seminars.

 

Janice B. Lucas, Springfield, Ohio

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The attorneys were more than helpful and the meeting process was very easy to understand.

 

Carl Wren Jr., Bellefontaine, Ohio

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We visited with three lawyers before we decided on AlerStallings. Liz was very patient with all my Dad’s questions.  We are pleased with the results.

Marjorie Wolfe, Columbus, OH

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I feel so much more confident and knowledgeable about these kinds of affairs after working so closely with Steve.

Trish & Lorel Mynster, Marysville, OH  

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It is a comfort to know that our assets will be dispersed according to our wishes, thanks to the estate plan AlerStallings helped us prepare.

 

Stephen & Susan Vargo, Bowling Green OH

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The attorneys at AlerStallings took their time walking us through the process.

Robert & Deborah Schmidt, Tiffin, OH

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The Elder Law attorneys at AlerStallings made a scary process easy to understand. Our wishes were respected throughout the entire process.

The Sandwich Generation: Caught between two worlds.

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By: Guest Blogger Erik Brown, CFP

This educational, third-party article is provided as a courtesy by Erik Brown, CFP® , Agent, New York Life Insurance Company. To learn more about the information or topics discussed, please contact Erik Brown, CFP® at 614-793-2121.

The “Sandwich Generation” refers to the large number of adults who are dealing with both young children …