There are planning opportunities that allow an elder to pay a family member to be their caregiver at home and establish eligibility for benefits. It is a great option for care, but you need to see an elder law attorney to make sure you’re doing it correctly so it won’t affect the elder’s […]
Elder Law Minute: Widowed Spouses of Veterans Can Get VA Benefits
Wes Coulson discusses how widowed spouses of veterans are eligible for VA benefits. These benefits can be used to pay for nursing home, assisted living, and even home care. Many people think that only veterans can receive these benefits, but the VA also provides them to widowed spouses. Hi, I’m Wes Coulson […]
What’s the Difference Between a Revocable Trust and an Irrevocable Trust?
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law Attorney, explains the difference between revocable trusts and irrevocable trusts. What’s the Difference Between a Revocable Trust and an Irrevocable Trust? Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. One of the questions I get occasionally is, “What’s the difference […]
Elder Law Minute: “I Am My Child’s Retirement Plan”
Wes Coulson discusses how you can leave your inheritance as a retirement plan for your children. Hi, I’m Wes Coulson and this is your Elder Law Minute. I saw something in the news a couple weeks ago expressing grave concern about the number of baby boomers who really haven’t set aside any money for retirement. […]
Elder Law Minute: If You’re Married & Over 65, Your Wills Are Probably Wrong
If you are married and over 65, you probably have sweetheart wills, which means that if one spouse dies, they leave everything to their spouse. This can be problematic because it subjects your entire estate to the risk of being lost if the survivor ends up needing nursing home care. Wills that leave everything to […]
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