In this Elder Law Minute, Wes Coulson discusses the way to guarantee an inheritance for your family. Asset preservation planning protects your life savings and guarantees that you will not have to spend them to pay for long-term care. It can give you peace of mind knowing that you can take care of your family […]
Medicare Supplemental Insurance and Nursing Home Care
In this Elder Law Minute video, Wes Coulson answers a commonly asked question about Medicare supplemental insurance and its coverage for nursing home care. Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. I want to answer today a question that we get pretty often and that is, “If I have a […]
The Problems with Naming Co-Fiduciaries
When a lawyer asks a client who has two or more children to choose one over the other(s) as the primary agent under a power of attorney or as primary successor trustee under a living trust, what the client often hears is “when it comes right down to it, which of your children do you […]
Elder Law Minute: The Ambiguity of Joint Tenancy
Many older Americans like to name their adult child as a joint tenant on their bank accounts. However, having a child as a joint tenant can pose a problem when doing planning. The law says that if you have your child as joint tenant, they will inherit all the money in that account, no matter […]
Elder Law Minute: Living Will Vs. Healthcare Power of Attorney
Wes Coulson talks about the difference between a living will and a healthcare power of attorney. A living will only discusses the issue of end-of-life treatment. A healthcare power of attorney is more comprehensive and covers any situation in which a medical decision needs to be made for you, and you can’t make that decision […]
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