If you asked 100 people on the street what estate planning is for, the great majority would probably say something like “to provide for your family,” or “to distribute your property after you die.” Those are certainly important reasons to hav…
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A qualified income trust, also known as a “Miller trust” or “qualifying income trust” is a legal arrangement that allows adults to qualify for Medicaid funds to pay for care. If you have researched the costs of long-term care, you know that i…
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By Ted Gudorf, JD, LLM It’s a realization we all come to at some point: our parents, who used to care for us, now themselves need care. How to care for an aging parent is a financial and personal conversation many adults will have, and it includes…
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If your family member is in a nursing home, it can be painful to watch them lose all their assets and income. For married couples this becomes even more devastating because you still need those resources at home for yourself too! There are strategies…
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By Ted Gudorf, JD, LLM Choosing a long-term care facility that is right for yourself or a loved one is an important decision based on many different moving parts and variables. As such, it is critical to assess this choice as objectively as possible…
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You make the decision to help a family member move to a nursing home with your loved one’s best interests at heart, typically because they need a higher level of care than they can receive at home or in assisted living. That doesn’t mean the deci…
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Senior investors are often especially vulnerable to exploitation by those who are obligated to protect their financial interests: financial advisors and brokers who provide financial advice and manage their investments. In a recent study, one in twen…
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There’s a bumper sticker that says, “Be nice to your kids—they’ll be picking out your nursing home.” But while the saying might be good for a laugh, your monthly nursing home bill sure won’t be. AARP has estimated that 35% of people who a…
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Imagine that you discover you have a life-threatening illness. Fortunately, it is discovered early enough for treatment to be effective. You go to the hospital, have surgery, and spend two nights on the surgical ward before heading home to recover. Y…
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It’s a fairly common scenario: an older person, whose adult children may live in different states, begins to need more care than they can get at home. The older person and their family make the decision that nursing home care is needed, and a p…
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Ted has co-counseled with our firm on more than one occasion and has always been a pleasure to work with. He has significant knowledge and experience as an estate planning attorney and has provided our clients with a high level of work product. His s… Read More