There are two basic truths when it comes to nursing home placement. The first is that no one would rather be in a nursing home than their own home. The second is that nursing homes are never empty or close to it. The reconciliation of these two truths is that many elders eventually, despite their […]
IRAs Can Be Planning Time Bombs
Many people don’t realize that IRAs can be real planning time bombs. Most people take the minimum distribution, but that can pose a problem for their children, who will have to take the money out at higher tax bracket. In planning, an IRA can also cause problems when trying to obtain eligibility for benefits. With […]
Elder Law Minute: Medicare Complete – Medicare Advantage Plans
In this Elder Law Minute, Wes Coulson talks about Medicare Complete plans. A Medicare Complete plan is actually a Medicare HMO that works as a substitute for Medicare. A Medicare Complete plan does not cover Medicare days in the nursing home. Medicare Complete is not the same as a Medicare supplement policy. Hi, I’m Wes […]
Safeguarding Your Estate Plan
The death or incapacity of a family member is often a stressful and emotional occasion for other family members. When emotions run high in times of stress, people can and do react in angry, defensive or unpredictable ways. A family member who is disappointed not to have been put in charge of things, or who […]
Elder Law Minute: Providing for Pets in Estate Planning
For pet owners, there is a way to provide for your pets in your estate planning. The laws in Illinois and Missouri allow pet owners the opportunity to do so through a pet trust. A pet trust can enable you to make sure your pets are still cared for after you die. Hi, I’m Wes […]