Elder Law encompasses several interrelated disciplines, including the financing of long term care (Medicaid), including Medicaid Asset Protection Trusts, and the Medicaid Application Process. Elder Law also encompasses Guardianship, Special Needs, Wills, Trusts, Transfers of Assets,
Top 10 Elder Law Mistakes to Avoid
- THE GOVERNMENT WILL TAKE CARE OF ME
- THE GOVERNMENT WON'T TAKE ALL OF MY MONEY
- THE GOVERMENT WILL TAKE ALL OF MY MONEY
- IT'S TOO LATE TO PROTECT MY ASSETS
- I AM LEAVING MONEY TO MY DISABLED CHILD OR TO THEIR SIBLING
- I DON'T NEED TO PLAN. I'M JUST LEAVING EVERYTHING TO MY CHILDREN
- I DON'T NEED TO PLAN. I'M JUST LEAVING EVERYTHING TO MY SPOUSE
- IF MY SPOUSE OR I BECOME DISABLED, OUR KIDS WILL TAKE CARE OF US
- I DO NOT NEED TO DO ANYTHING TODAY. I'LL LOOK INTO IT TOMORROW
- I AM NOT GOING TO DO ANYTHING
There is a famous chinese proverb - "The best time to plant a tree is 20 years ago. The second best is now." Similar analogies can be made with Medicaid Planning, substituting 5 years for 20. Where will you be 5 years from now? This is an area of law where delay can be costly or devastating.