Disabled Widower Insurance Benefits In St. Joseph Mo - Top Tips For Finding The Best Company

Published Oct 19, 21
7 min read

Where Can I Find Disabled Widower Insurance Benefits In St. Joseph Mo in St. Joseph Mo?

  

 

G Brent Powers Law Office
3715 Beck Rd D-401, St Joseph, MO 64506
Q5QW+6R St Joseph, Missouri
18162330257
https://gbrentpowerslaw.com/

Disabled Widower Insurance Benefits In St. Joseph Mo



Disabled Widower Insurance Benefits In St. Joseph Mo 

We are here to help you, your family, make informed decisions and plan on Elder Law topics such as Medicaid planning, estate and asset protection. Our individual paths to our "golden year" are different. Unfortunately, it has become more difficult over the years. Our firm prides themselves on providing unique solutions and planning that are tailored to each client's needs. Contact us today if you have questions concerning your home, farm and real estate deeds. Click here for Imp Source Disabled Widower Insurance Benefits In St. Joseph Mo

Elder Law

Elder Law, a speciality practice that aids seniors in their legal matters, is new_paragraph. As we age, many issues arise that are not common in our younger years. These include housing, long-term care, wealth transfers and retirement. Elder Law covers all of these issues and more.

Many elderly citizens worry that they will lose their home and savings if they are in need of long-term nursing home care. They don’t want to be a burden to their children, family, and society.

Disabled Widower Insurance Benefits In St. Joseph Mo

Brent's thoughtful and professional advice has given peace of mind for thousands of families in Saint Joseph, Northwest Missouri. Over 30 years of experience in working with senior citizens to create estate plans, real property transfers, deeds.

Brent is available to help you understand Elder Law and create a plan for your future.

Nursing Home Medicaid Planning. It's never too early for you to start planning for Medicaid, long-term or even short-term care. Many people are unaware of the benefits of Medicaid and have not planned for it. Many families don't know who is eligible for nursing home Medicaid planning or how it can benefit them or their family. It is important that you choose a Nursing Home Attorney who has the experience and is dedicated helping families.

Many families have saved thousands of dollars by using Brent's effective nursing home Medicaid planning. As a Nursing Home Lawyer, Brent would advise a few key things to remember when it comes to Medicaid - Brent, a nursing home lawyer, would recommend a few key points to remember about Medicaid. While most of the information you hear about nursing home Medicaid is accurate, it's almost always incorrect.

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It is almost never too much too soon to plan.

You can still get Medicaid assistance for your loved one even if they move to a nursing home.

Disabled Widower Insurance Benefits In St. Joseph MoIt is important to understand the legal strategies and protections for spouses and families of residents in nursing homes. People often fear that their loved one or spouse will move into a nursing home, and they may lose their home and financial savings. We are able to insure that you will be safe in almost all instances.

There are many financial safeguards available for couples and elderly without jeopardizing Nursing Home Medicaid eligibility.

Disabled Widower Insurance Benefits In St. Joseph Mo - Finding A Professional

Division of Assets

The 1988 "Spousal Impoverishment act" was passed by Congress. It was intended to prevent married people from having to give up all their assets in order to qualify for Medicaid nursing home Medicaid. As a result, the "Community Spouse", the spouse who remains at home, is allowed to keep a portion of their resources and the spouse who needs Medicaid (the “Institutionalized Spouse”) can get benefits.

Congress established limits on how many assets the Community Spouse can retain if an Institutionalized Spouse is to be eligible to benefits. These limits are often referred as the Community Spouse Resource Allowance or CSRA. Missouri's Community Spouse may retain at most $25,728 or $128.640.00. This amount is adjusted each year for inflation and the cost of living. The Division of Assets is the process Missouri Medicaid uses to determine the amount that the Community Spouse can keep within the range.

The Division of Assets starts on the day the Medicaid applicant is admitted for at least 30 consecutive nights to a hospital/nursing facility. The marital couple's countable assets, which excludes very few assets that are exempt, are divided into two and each spouse is given their half. The Division of Assets does not consider the assets of any one of the spouses. Instead, all assets of the couple are combined. This means that assets will be reduced for the spouse with more assets. This is why it is important to work with an Elder Law attorney to ensure everyone's best interests are protected. According to a Wall Street Journal article, 86% live below poverty level because they have to pay for the care of their spouses.

Disabled Widower Insurance Benefits In St. Joseph Mo - How to Choose

People Also Asked:

  • What is the difference between will and estate planning?
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  • How do I protect my assets from nursing home?
  • At what age should you set up a trust?
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As an example, suppose John and Mary are married and have $300,000 in assets. John is demented and needs nursing home care. The Medicaid caseworker will give $300,000 to Mary as her CSRA, and $171,000.360 to John. John must also have less than $5,000 to be eligible. John's assets will be credited to the family and they will be required to spend $166 360. John and Mary will then be asked to spend 55% on their savings in order for John to become eligible for Medicaid. A reduction of the assets of the Community Spouse of this magnitude will mean that 86% of the surviving spouses will live below the poverty line because of the spouse's medical expenses.

John and Mary won't have to use any of the savings they have if they do their planning in a timely manner with the help and assistance of G. Brent Powers (Medical Asset Protection attorney). To avoid an expensive and regrettable situation, it is important to prepare the right legal documents and strategies.

But what if planning wasn't done in advance? Do you think all is lost? Is it all over? Mary can retain most of her financial assets, even if John is incapacitated. Mary could use a "Marital Medicaid Compliance Annuity" to help her. G Brent Powers has both the expertise and experience to ensure Mary's safety and prevent her from becoming homeless.

Brent makes every effort to meet with clients personally before he applies or appears in court.

Best Disabled Widower Insurance Benefits In St. Joseph Mo

Real Estate / Deeds

As people grow older, they begin to think about how best to transfer their home, farmland, or other properties to their loved ones or others. Others may require help selling real estate, even without the assistance of an agent or broker.

Disabled Widower Insurance Benefits In St. Joseph MoG. Brent PowersTo find the best path for each family, it is important to assess their individual circumstances. Is it possible to gift property to your children right away? What happens when you or your spouse need long-term, or nursing home care. What living trust would be the best? How do you tax the transfer of your property? Is it possible for the owner to finance the sale?

Brent has assisted many families to make the right decisions in transferring their homes, farms, or businesses over the years.

Estate Planning

Proper estate planning means maintaining control of your assets while living, continuing to provide for your care and your loved ones, even if incapacitated or disabled, distributing your property after your death to whom you want, when you want and the way you want at the lowest overall cost.

Planning must take into account your unique needs, wishes and assets. Only then can we decide what documents and strategies to use to ensure your planning works as you expect.

Brent can help with additional advice and assistance, as well as helping you establish a suitable estate plan.

Where to find Disabled Widower Insurance Benefits In St. Joseph Mo

Administration of trusts

Brent is available to help you determine the best way for your affairs to be managed. This will prevent future problems, unnecessary expenses, and skill gaps.

Brent Powers is a Saint Joseph, Missouri-based lawyer who has been practicing since 1980.

His career began as a trial attorney. However, due to his parents' needs and the many referrals, he moved to Elder Law, Medicaid nursing homes planning and Division of Assets.

He has been president of Saint Joseph Bar Association.

Brent is a native Missourian who grew up in Saint Joseph.

He is a Central High School graduate, earned his undergraduate degree from Missouri – Columbia and then received his law degree from Missouri – Kansas City.

He is a member of both the National Academy of Elder Law Attorneys as well as the National Organization of Social Safety Claimants Representatives.

These national organizations offer education, training, as well as a national network for expertise to assist senior citizens and those with special needs.

 

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