In this Elder Law Minute, Wes Coulson talks about the importance of having successor agents listed in your Power of Attorney. If you do not name enough successor agents in your Power of Attorney, or if one successor is unable to serve, a judge can go through a long and expensive guardianship hearing to determine who will […]
Understanding the Medicaid “Look-Back” and “Transfer Penalty” Rules
In order to understand how and why gifts and other transfers of property can impact a person’s prospective eligibility for Medicaid long-term care benefits, you need to know what the Medicaid “Look-Back” rule is and how it operates as to various gifts and other transfers of property. Medicaid “Look-Back” Rule Let’s start by noting the […]
The Biggest Threat To Your Financial Future
Most people who reach retirement age have, to one degree or another, planned and saved for their retirement. They are prepared for the challenge of a rainy day, and perhaps even a rainy season. But few people can withstand a financial monsoon that may hammer them relentlessly for years. The biggest threat to […]
The Basics of Medicaid: What You Can and Can’t Keep
Wes Coulson discusses the basics of Medicaid and how Medicaid will treat your assets relative to what you can and can’t keep when applying for eligibility. In order to begin to understand Medicaid eligibility, you first need to understand how Medicaid will treat your assets. When you apply for Medicaid (known as MO Healthnet in […]
Do I Really Need a Power Of Attorney?
In this Elder Law Minute, Wes Coulson, Managing Attorney at Dent-Coulson Elder Law LLC, answers your questions about whether or not you need a power of attorney. Do I Really Need a Power of Attorney? Transcript: Hi, I’m Wes Coulson, and this is your Elder Law Minute. A lot of times people will ask, “Do I […]
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