Over 1.4 million Americans, mostly elderly, live in nursing homes. Over 60 percent of those nursing home residents receive Medicaid benefits to pay for their care. No one likes to think about the possibility of needing long-term care, or not having t…
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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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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 Andrew White, JD No one likes to think about losing a loved one. But when the unthinkable happens, you need people you can lean on and trust to help you make difficult decisions and move forward. I became an attorney because I wanted to be that pe…
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If you have ever considered nursing home care for a loved one, you know that it’s costly. In Ohio, a private room in a long-term care facility can cost over $100,000 per year. Even if you have saved carefully for most of your life, it’s likely th…
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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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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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As you are no doubt aware, nursing home costs in Ohio are high, and continue to rise. Even those families that have saved diligently for retirement often cannot afford to pay for an extended stay in a nursing home or long-term care facility. You may…
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If you have needed to consider nursing home care for a family member, you are well aware of how expensive such care can be. Often, Medicaid funds are available to help pay for care, but they typically require the applicant to “spend down”…
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I have worked with Ted on seminars and also by sending him clients. The seminars we have done revolved around retirement planning and special needs trusts. We have always received a high rating from attendees in terms of content and presentation of m… Read More
– Bob Caperna, Insurance & Retirement Planning, New York Life Insurance Company, was with another company when working with Ted at Gudorf Law Group, LLC