Where Can I Find Nursing Home Medicaid Attorney St. Joseph Mo in St. Joseph Mo?

G Brent Powers Law Office
3715 Beck Rd D-401, St Joseph, MO 64506
Q5QW+6R St Joseph, Missouri
18162330257
https://gbrentpowerslaw.com/

Nursing Home Medicaid Attorney St. Joseph Mo

Nursing Home Medicaid Attorney St. Joseph Mo 

We're here to assist you and your family in making informed decisions on Elder Law issues like estate planning, nursing home Medicaid planning, and asset protection. Everybody has their own path to "golden years". Unfortunately, this path has become more complex over the years. Our firm is proud to offer our clients customized planning and unique solutions. We are available to answer any questions you may have about your home, farm or real estate deeds. Click here for Look At This Site Nursing Home Medicaid Attorney St. Joseph Mo

Elder Law

Elder Law, a speciality practice that aids seniors in their legal matters, is new_paragraph. As we age, we are faced with many new issues, including housing, retirement, wealth transfer, and long-term nursing. Elder Law includes these and many other areas that concern the elderly.

Many elderly citizens fear they might lose their home, savings and everything that they have worked so hard to earn. They don't want their children, families, or society to feel like a burden.

Nursing Home Medicaid Attorney St. Joseph Mo

With his thoughtful and skilled advice, Brent has brought peace of mind to thousands families in Saint Joseph and Northwest Missouri. With over 30 years experience, he can assist clients in developing estate plans, property transfers, deeds probate, power-of- attorney, trusts and other legal needs of senior citizens.

Brent will be happy to discuss Elder Law with you and help you develop a plan.

Nursing Home Medicaid Planning. It is never too early to plan for Medicaid or long term care. Many people don’t plan for long term care, and they are often misinformed about the process of Medicaid. Many families do not know who is eligible and how planning for nursing home Medicaid can help their spouse or loved ones. It is important to find a skilled and dedicated Nursing Home Attorney who is committed to helping families.

Brent has helped many families save thousands of dollar through effective nursing home Medicaid planning. Brent, as a Nursing Home Lawyer, would recommend the following key points regarding Medicaid:Brent, a lawyer for nursing homes, has some tips to help you remember the basics of Medicaid. Most of what people tell you about nursing facility Medicaid is not accurate.

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It is almost never too much too soon to plan.

You can still get Medicaid assistance for your loved one even if they move to a nursing home.

It's crucial to know the legal protections and strategies available for the spouse and their family members of a resident in a nursing home. People are often afraid that they might lose their home or their life savings if their spouse or a loved one must move into a nursing care facility. We are able to insure that you will be safe in almost all instances.

Numerous financial safety nets are available for both couples and seniors without jeopardizing Nursing Home Medicaid eligibility.

Nursing Home Medicaid Attorney St. Joseph Mo - Finding A Professional

Division of Assets

The 1988 "Spousal Impoverishment act" was passed by Congress. It was intended to prevent married people from having to give up all their assets in order to qualify for Medicaid nursing home Medicaid. As a result, the "Community Spouse", the spouse who remains at home, is allowed to keep a portion of their resources and the spouse who needs Medicaid (the “Institutionalized Spouse”) can get benefits.

Congress also set limitations on the assets that the Community Spouse can keep if the Institutionalized Spouse wants to receive benefits. These limits are also known as the Community Spouse Resource Allowance. The Missouri Community Spouse can retain $25,728 to $128,640.00 for 2020. This amount is adjusted each year for inflation and the cost of living. Missouri Medicaid requires that a Division of Assets Application be completed in order to determine what amount the Community Spouse will be permitted to keep.

The Division of Assets starts on the day the Medicaid applicant is admitted for at least 30 consecutive nights to a hospital/nursing facility. The marital couple's countable assets, which excludes very few assets that are exempt, are divided into two and each spouse is given their half. It doesn't matter who owns the asset; the entire couple's assets are considered when determining the Division Of Assets. This means that assets will be reduced for the spouse with more assets. Working with an Elder Law lawyer in this process is crucial in order to protect everyone's interests. According to the Wall Street Journal, 86% of widows are below the poverty line due to the cost of caring for their spouses.

Nursing Home Medicaid Attorney St. Joseph Mo - How to Choose

People Also Asked:

• What is the difference between will and estate planning?
• What is involved in estate planning?
• When should I start estate planning?
• Can I do my own estate planning?
• What should you never put in your will?
• Is it better to have a will or a trust?
• What are the disadvantages of a trust?
• Do I need a will or an estate plan?
• How much should I expect to pay for estate planning?
• How do I protect my assets from nursing home?
• At what age should you set up a trust?
• At what age should you create a trust?
• Can I put my house in a trust without a lawyer?
• Do I need a lawyer for a living trust?
• What's the difference between a will and a living trust?
• Who you should never put in your will?
• Can I leave my house to someone in my will?
• Who you should never name as beneficiary?
• Do I need a will if I have no assets?

As an example, suppose John and Mary are married and have $300,000 in assets. John is demented and needs nursing home care. The Medicaid caseworker will give $300,000 to Mary as her CSRA, and $171,000.360 to John. John must also have less than $5,000 to be eligible. John's assets will be credited to the family and they will be required to spend $166 360. John and Mary will be told that John must spend 55% their lives' savings before John can apply for Medicaid. It is easy to see why 86% of spouses who survive are living below poverty line due to their spouse's medical costs.

John and Mary wouldn't need to spend any of their savings if they had a proper plan and were assisted by a qualified Medicaid Asset Protection attorney like G. Brent Powers. It is crucial to plan ahead and use the correct legal documents and strategies to avoid a costly and embarrassing situation.

What if you didn't plan ahead? Do you think all is lost? It is not over. Mary could still retain nearly all her assets through the use of a "Marital Medicaid compliant Annuity", even though John is currently in a nursing home. G Brent Powers has all the experience and expertise necessary to ensure Mary is not left behind.

Brent always makes time to meet in person with clients before presenting or applying for a court appearance.

Best Nursing Home Medicaid Attorney St. Joseph Mo

Real Estate / Deeds

As people age, they start to think about how to transfer their property, farmland or other assets to their loved ones. Some people may require assistance in selling real estate without the help of a broker or agent.

To find the best path for each family, it is important to assess their individual circumstances. Are there any benefits to gifting property now to your children? What happens if your spouse is in need of long-term nursing home or long-term care? Is a living estate the best option? How do you tax the transfer of your property? Do you need to borrow money from the owner in order to sell your property?

Brent has assisted many families to make the right decisions in transferring their homes, farms, or businesses over the years.

Estate Planning

Proper estate planning is about maintaining control over your assets while you live, continuing to provide care for your loved ones even if you are incapacitated or disable, and distributing your property after you die to who you want, when and how you want it, at the lowest possible cost.

Proper planning should take into consideration your and your family’s unique needs and assets. Only then will we be able to determine the right documents and strategies that can be used to make sure your planning is as effective as possible.

Brent can help with additional advice and assistance, as well as helping you establish a suitable estate plan.

Where to find Nursing Home Medicaid Attorney St. Joseph Mo

Administration of trusts

Brent is available to assist you in determining the best way of handling your affairs.

Since 1980, Brent Powers has been practicing law in Saint Joseph and Northwest Missouri.

Although he began his career in the courtroom as a trial advocate, he changed to Elder Law due to the need of his parents, his older clients, and numerous referrals.

He has been president of Saint Joseph Bar Association.

Brent is a native Missourian who grew up in Saint Joseph.

He graduated from Central High School. He received his undergraduate and law degrees at the University of Missouri.

He is a National Academy of Elder Law Attorneys member and the National Order of Social Security Claimsants' Representatives.

These national organizations offer education, training, as well as a national network for expertise to assist senior citizens and those with special needs.

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