If you are married and over 65, you probably have sweetheart wills, which means that if one spouse dies, they leave everything to their spouse. This can be problematic because it subjects your entire estate to the risk of being lost if the survivor ends up needing nursing home care. Wills that leave everything to […]
Asset-Based Long-Term Care Insurance
In this Elder Law Minute, Wes Coulson discusses asset-based long-term care insurance and what that means for you. Hi, I’m Wes Coulson and this is your Elder Law Minute. As an elder law attorney, I’m often asked if I think that buying long-term care insurance is a good idea. Traditionally, that’s been questionable because of […]
The Problems with Naming Co-Fiduciaries
When a lawyer asks a client who has two or more children to choose one over the other(s) as the primary agent under a power of attorney or as primary successor trustee under a living trust, what the client often hears is “when it comes right down to it, which of your children do you […]
Elder Law Minute: Living Will Vs. Healthcare Power of Attorney
Wes Coulson talks about the difference between a living will and a healthcare power of attorney. A living will only discusses the issue of end-of-life treatment. A healthcare power of attorney is more comprehensive and covers any situation in which a medical decision needs to be made for you, and you can’t make that decision […]
Medicare, Medicare Supplement Insurance, & Nursing Home Care
Government benefits programs all seem to have one thing in common: they’re confusing. Medicare is certainly no exception, particularly as it relates to coverage for nursing home costs. There are two different government programs that can potentially pay for nursing home costs, which are fundamentally different but easily confused because Congress, in its great wisdom, […]
