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 […]
Medicaid planning for someone who is already in a nursing home
It’s a common misconception that if someone is already in the nursing home, there’s no way that you can do Medicaid planning for them. In fact, it’s never too late to start Medicaid planning, even if someone is in a nursing home, as long as long as there are assets left to protect. Medicaid planning […]
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