There are a lot of people out there offering their services to help people qualify for VA pension benefits (most often “aid and attendance” benefits). Your choice of who to refer someone to assist them with that important process can have far-reaching financial consequences. Here are nine things you need to consider before referring someone for […]
The 9 Most Common Mistakes in Special Needs Planning
In this Elder Law Minute, Wes Coulson reviews the nine most costly mistakes in special needs planning. Disinheriting a child, creating a generic trust, and procrastinating are just a few mistakes parents of special needs children can make in their planning. The 9 Most Common Mistakes in Special Needs Planning Transcript: 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 […]
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 […]
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