Disabled Widower Insurance Benefits In St. Joseph Mo - 7 Tips For Choosing 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 want to help you and your loved ones make informed decisions about Elder Law issues, such as estate planning and nursing home Medicaid planning. Every person is on a unique journey towards their "golden" years. Unfortunately, the process has become more complicated with each passing year. Our firm is proud to offer our clients customized planning and unique solutions. Contact us today if you have questions concerning your home, farm and real estate deeds. Click here for Pop Over To These Guys 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, we are faced with many new issues, including housing, retirement, wealth transfer, and long-term nursing. 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 their children, families, or society to feel like a burden.

Disabled Widower Insurance Benefits 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. Over 30 years of experience in working with senior citizens to create estate plans, real property transfers, deeds.

Brent will help you to create an Elder Law plan. Call Brent today.

Nursing Home Medicaid Planning. It is never too early to plan for Medicaid or long term care. Many people don't know how Medicaid works and haven't planned for long-term care. Many families don’t know who is eligible, or how they can benefit from nursing home Medicaid planning. It is important that you choose a Nursing Home Attorney who has the experience and is dedicated helping families.

Brent has helped many families save thousands of dollar through 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 the majority of information about nursing home Medicaid is good-intentioned, it is almost always inaccurate.

Affordable Disabled Widower Insurance Benefits In St. Joseph Mo

It is almost never too much too soon to plan.

Your loved ones can still receive Medicaid benefits even after they move into a nursing home.

Disabled Widower Insurance Benefits 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. We can almost always insure that this won't happen to you.

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

Disabled Widower Insurance Benefits 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. The spouse who stays in the home (the "Community Spouse") is allowed to keep some of their resources while the spouse who requires Medicaid (the"Institutionalized Spouse") may receive 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. The Missouri Community Spouse can retain $25,728 to $128,640.00 for 2020. This amount is adjusted for inflation each year and changes in 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 begins on the day that the Medicaid applicant is admitted to a hospital or nursing home for at most 30 consecutive days. The spouses' countable assets (which does not include a small amount of assets that may be exempt) is divided into two. Each spouse gets their share. It doesn't really matter who the asset belongs to, as the assets of both spouses are combined in determining the Division. This means that a spouse with significant assets will have their assets reduced. Working with an Elder Law lawyer in this process is crucial in order to protect everyone's interests. 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:

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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 assign the $300,000. in financial assets to Mary and attribute $128.640 to Mary as her CSRA. John is credited $171,360. 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 be required to spend 55% of the savings they have made in order to qualify for Medicaid. It is easy to see why 86% of spouses who survive are living below poverty line due to their spouse's medical costs.

John and Mary don't have any need to spend their entire life savings if they are able to plan well and get the advice of an experienced Medicaid Asset Protection attorney, such as G. Brent Powers. To avoid an expensive and regrettable situation, it is important to prepare the right legal documents and strategies.

What if you didn't plan ahead? Are all your hopes lost? The answer is no. 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 all the experience and expertise necessary to ensure Mary is not left behind.

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 they get older, many people start to think about how to transfer their home, farmland and other properties to their loved one or others. Others may need assistance with selling property without the aid of a broker.

Disabled Widower Insurance Benefits In St. Joseph MoG. Brent PowersEvery family's situation must be assessed to determine the best course of action. Is there a benefit to gifting property to children now? 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 involves maintaining control of your assets and continuing to care for your loved ones. It also means that you can distribute your property after your death to the people you choose, whenever you wish, and at the lowest 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 assist you in setting up an appropriate estate plan.

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

Administration of trusts

Brent can help you decide the best way to manage your affairs.

Brent Powers is a Saint Joseph, Missouri-based lawyer who has been practicing 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 was the president of Saint Joseph Bar Association and volunteered for a number of community boards. He also participated in many events sponsored by Saint Joseph Bar Association to provide sound legal advice to people in need.

Brent is a native Missourian, having grew to be a Saint Josephian.

He graduated from Central High School and received his undergraduate degree at the University of Missouri-Columbia. He then earned his law degree in Missouri – Kansas City.

He is a member of National Academy of Elder Law Attorneys, and the National Organisation of Social Security Claimants’ Representatives.

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

 

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