New Rules Will Make It Harder to Qualify for Long-Term Care Help From the VA

The Veteran’s Administration (VA) offers a pension benefit to low-income veterans (or their spouses) who are in nursing homes or who need help at home with everyday tasks like dressing or bathing.  The pension, called Aid and Attendance, is currently underused, but impending regulations will soon make it available to even fewer veterans. The new regulations will for the first time specify asset limits for qualification and impose a look-back period and transfer penalties similar to Medicaid’s. The looming changes mean that those considering applying for Aid and Attendance should act quickly.

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Protecting Your Family Farm from the Biggest Single Risk: The Cost of Nursing Home Care

  Perhaps you and your spouse worry about succession of your farm – whether you’ll be able to keep it in your family or you’ll need to sell it. Or maybe you’re facing an imminent medical problem in the family. In either case, you’re understandably concerned that so-called “creditors and predators” might undo all your…

Leave a commentElderly & Their Families, Farmers, Ranchers & Foresters

Even Vampires Need Estate Planning

(Note: I am not a vampire; I’m not even a legal eagle; however, as a mere mortal who happens to work in the best estate planning law firm in this non-supernatural realm, even I know it’s important to plan ahead!)

Yes, even the undead need an estate plan.  After you stop laughing you need to hear me out.  As we’ve learned from the likes of The Vampire Chronicles, the Twilight saga, and HBO’s True Blood, vampires aren’t immortal.  They do die, and it’s usually unexpected and messy.

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Why Reviewing Older Life Insurance Policies Matters [Better, More Efficient Benefits May Await!]

Perhaps you first obtained life insurance 10 or more years ago, but you haven’t updated your insurance plan (or thought about it much) since. You should consider reviewing your policies. A re-assessment has the potential to pay off significantly. The insurance industry has come to understand that we are all living longer than they originally…

Leave a commentElderly & Their Families, Estate Planning, ILP +, Individuals & Families