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 […]
Why can’t we just have the Caseworker help us file the Medicaid application?
Louise had been in the nursing home for more than a year. She had already gone through much of her life savings paying for her care. She only had about $50,000 left, along with her house. Up to that point, no one had said anything to her children, Ben and Margie, about Louise going on […]
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 […]
The Advantages of a “Stand-Alone” Special Needs Trust
A special needs trust can be established for the benefit of a minor or adult special needs child (or other family member) in either of two basic ways. One is to include the provisions to establish it as part of your living trust or will, to take effect upon your death. The other is to […]
Medicare Supplemental Insurance and Nursing Home Care
In this Elder Law Minute video, Wes Coulson answers a commonly asked question about Medicare supplemental insurance and its coverage for nursing home care. Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. I want to answer today a question that we get pretty often and that is, “If I have a […]
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