Elder Care Legal Advice In St. Joseph Mo - Advice On Choosing The Best Company

Published Oct 19, 21
7 min read

Where Can I Find Elder Care Legal Advice 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/

Elder Care Legal Advice In St. Joseph Mo



Elder Care Legal Advice In St. Joseph Mo 

We're here to assist you and your family in making informed decisions on Elder Law issues like estate planning, nursing home Medicaid planning, and asset protection. Each person has a different path to reach their "golden years", which unfortunately has become increasingly complicated over time. Our firm is proud to offer our clients customized planning and unique solutions. Please contact us today to discuss your questions regarding your home and farm, real property deeds, power-of- attorney, trusts/vs. wills probate vs. not-probate transfers, or long-term issues. Click here for Check My Blog Elder Care Legal Advice In St. Joseph Mo

Elder Law

Elder Law, a speciality practice that aids seniors in their legal matters, is new_paragraph. As we age, we are faced with many new issues, including housing, retirement, wealth transfer, and long-term nursing. Elder Law covers these and many other concerns that elderly people face.

Many elderly people fear losing their savings and home if they require long-term or nursing home care. They don't want their children, families, or society to feel like a burden.

Elder Care Legal Advice In St. Joseph Mo

Brent has provided expert and thoughtful advice to thousands of families across Saint Joseph and Northwest Missouri, providing them with peace of heart. He has more than 30 years' experience working with clients to design estate plans and real estate transfers.

Brent will be happy to discuss Elder Law with you and help you develop a plan.

Nursing Home Medicaid Planning Planning for Medicaid and long-term care is a good idea. This is especially true if a parent or spouse may require nursing home care. Many people are unaware of the benefits of Medicaid and have not planned for it. Many families don't know who can be eligible for Medicaid or how their spouse and family can benefit from it. It is important to select a Nursing home Attorney with extensive experience who is dedicated to 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. Most of what people tell you about nursing facility Medicaid is not accurate.

Affordable Elder Care Legal Advice In St. Joseph Mo

It is almost never too soon or too late for planning.

Even if your loved one moves to a nursing facility, they can still be eligible for Medicaid assistance.

Elder Care Legal Advice In St. Joseph MoIt is crucial to be aware of legal protections and strategies that are available for the spouse or family member of a resident at a nursing facility. People are often afraid that they might lose their home or their life savings if their spouse or a loved one must move into a nursing care facility. In most cases, we can guarantee that this will not happen.

Numerous financial safety nets are available for both couples and seniors without jeopardizing Nursing Home Medicaid eligibility.

Elder Care Legal Advice In St. Joseph Mo - Finding A Professional

Division of Assets

1988 was the year Congress passed the "Spousal ImpoverishmentAct". This law was, despite its title, designed to prevent married couples from having their entire financial assets expended before one of them can qualify for 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.

The law also established limits on the assets the Community Spouse can retain, if the Institutionalized Spouse will be eligible for benefits. These limits are often referred as the Community Spouse Resource Allowance or CSRA. Missouri's 2020 Community Spouse Resource Allowance (CSRA) allows for a minimum of $25,728 and a maximum amount of $128.640.00. This amount is adjusted every year to reflect inflation and costs 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 takes effect on the first day of the Medicaid applicant's admission to a hospital/nursing house for at minimum 30 consecutive days. The couple's countable assets are divided into 2 with each spouse receiving their one-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 the assets of the spouse with significantly more assets will be reduced. This is why it is important to work with an Elder Law attorney to ensure everyone's best interests are protected. According to the Wall Street Journal, 86% are living below the poverty level due to having to pay for their spouse's care costs.

Elder Care Legal Advice In St. Joseph Mo - How to Choose

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Consider John and Mary, a married couple, with $300,000 of financial assets. John suffers from dementia and requires nursing home services. The Medicaid caseworker will give $300,000 to Mary as her CSRA, and $171,000.360 to John. John must have less $5,000 to qualify for Medicaid. John's assets must be paid down by the family, who will then have to spend $166.360. John and Mary will be told that John must spend 55% their lives' savings before John can apply 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). Avoid costly, unplanned spenddowns by using the right legal strategies and documents.

What if you didn't plan ahead? Can all hope be lost? It is not over. Mary could retain almost all of her financial assets by using a "Marital Medicaid Compliant Anuity". Even if John is in a nursing facility, Mary can still use the Annuity. G Brent Powers has the knowledge and expertise required to ensure Mary's financial security.

Brent always makes time to meet in person with clients before presenting or applying for a court appearance.

Best Elder Care Legal Advice In St. Joseph Mo

Real Estate / Deeds

As they age, people begin to consider how to best transfer their farmland, home, or other property to their loved ones. Others may need assistance with selling property without the aid of a broker.

Elder Care Legal Advice In St. Joseph MoG. Brent PowersTo determine the best course of action, each family's circumstances must be assessed. Is it possible to gift property to your children right away? What happens if your spouse is in need of long-term nursing home or long-term care? What living trust would be the best? What are the tax implications of transferring property? Can the property owner finance its sale?

Over the years, Brent has helped many families make the right decisions when it comes to transferring their home, farm, and business properties.

Estate Planning

Proper estate plan means maintaining control over your assets, continuing to provide for you and your loved ones even when you're incapacitated, and distributing your property to the beneficiaries you desire at the lowest possible 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 also help you to create a proper estate plan.

Where to find Elder Care Legal Advice In St. Joseph Mo

Administration of trusts

Brent is available to assist you in determining the best way of handling your affairs.

Brent Powers has been a practicing lawyer in Saint Joseph, Missouri and Northwest Missouri since 1980.

Although he began his career in the courtroom as a trial advocate, he changed to Elder Law due to the need of his parents, his older clients, and numerous referrals.

He has been president of Saint Joseph Bar Association.

Brent is from Northwest Missouri, and he grew up near 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 National Academy of Elder Law Attorneys member and the National Order of Social Security Claimsants' Representatives.

These national organizations offer training, education, and a national network to support senior citizens and persons with special needs.

 

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