In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses the difference between estate planning and asset preservation planning. What’s the Difference Between Estate Planning and Asset Preservation Planning? Transcript: Hi, I’m Wes Coulson, and this is your Estate Planning and Elder Law Minute. People see the reference on our website […]
What Your Will Doesn’t Cover (and Why It Matters So Much)
It’s a commonly-held belief that if you have a will, its terms will determine how your estate will be distributed when you die. But in many cases, that’s far from true. A will only covers assets that are not the subject of their own self-contained plan for distribution. As it turns out, that covers a lot […]
4 Myths about Medicare & Medicaid Long-Term Care Coverage
Long-term care is expensive. The current cost of assisted living in the Saint Louis metropolitan area ranges from around $2,500 to over $5,000 per month, and a nursing home bed runs from approximately $4,500 to $8,500 per month. The choices you have to pay for this care are private pay (spending your life savings), long […]
Medicare Limited Benefits and Long Term Care Requirements
In this Elder Law Minute, elder law attorney Wes Coulson discusses Medicare limited benefits and what they are in terms of long term care requirements. Medicare Limited Benefits and Long Term Care Requirements Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. You may know that Medicare provides a limited benefit for nursing […]
Imagine, If You Will… Medicaid Eligibility Rules
“Imagine, If You Will …” (An Allegory) Imagine, if you will, that you just learned that your all-time favorite musical group – let’s call them “The Awesome Four” – is coming to town for a one-time-only concert. But tickets are only available through the Hard-to-Follow Rules Organization (“HFRO”). So you call HFRO and ask about […]
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