Category Archives: Elder Law
Can My Elderly Parent Gift Their Assets to Me to Become Eligible for Medicaid
Much too often, older adults do not plan for the future possibility of needing nursing home care or another form of long-term care, even though a large portion of older adults will require it at some point as they age. Nursing home costs are extremely high — much more than you or your elderly… Read More »
Checking Off Your Elderly Parents’ Estate Planning Needs
Whether you have an elderly parent who recently fell or was diagnosed with a serious condition that will likely require long-term care, or you merely want your active yet retired parents to plan ahead for the future, it is important to understand some of the key elements of estate planning for older adults. The… Read More »
Long-Term Care Planning in Middle Age
Are you at the age where you have a family of your own but you are also providing care and assistance to your elderly parents? If so, you are in the same company as many Connecticut residents in their 40s and 50s — firmly in middle age while in caregiving roles for the young… Read More »
Is My Elderly Parent Currently Eligible for Nursing Home Medicaid Coverage?
Except for the extremely wealthy, most older adults in Connecticut who require long-term care in a nursing home will want to have Medicaid cover these very high costs. The price tag for even a semi-private room in a nursing home in Connecticut in 2024 was more than $15,000, and the average cost of a… Read More »
Is My Elderly Parent Currently Eligible for Medicaid to Cover Nursing Home Care?
The cost of nursing home care is extremely high in all areas of the United States, and it is particularly expensive in Connecticut and surrounding states. According to data from CareScout, the average cost of just a semi-private room in a Connecticut nursing home in 2024 was over $15,000 per month. For a private… Read More »
What High Nursing Home Costs Mean for Your Estate Plan
Nobody is eager to think about the possibility of needing nursing home or other long-term care in older age, yet there is a high likelihood that you or your partner will need this type of care. Data from Health and Human Services (HHS) suggests that about 70 percent of people aged 65 and older… Read More »
Helping Your Elderly Parent with Long-Term Care and Medicaid Planning
Are you among the many adults just now reaching middle age or having recently entered middle age? If so, you are also part of two generations who are increasingly helping to address issues related to elderly parents’ long-term care needs and the financial realities of their situations. According to an article in Business Insider,… Read More »
Costly Mistakes Can Impact Medicaid Eligibility for Long-Term Care
The costs of long-term care in Connecticut are extremely high, and making plans ahead of time to ensure that you or your elderly parent can pay for long-term care without depleting a lifetime of savings is an important part of any estate planning process. To give you a general sense of just how much… Read More »
What is Connecticut’s Medicaid Asset Spend-Down Option?
If you are among the high percentage of older adults who ultimately need long-term care — about 70 percent of people aged 65 and up will need some form of long-term care, according to the Administration for Community Living (ACL) — you will need a way to pay for it. The ACL and Administration… Read More »
What is a Pooled Income Trust?
Medicaid planning is something that nearly everyone in Connecticut who is working on an estate plan should consider. For Connecticut residents in their 40s and 50s, planning ahead can be crucial. And if you have an elderly loved one who currently needs long-term care, you can begin working with an elder law attorney in… Read More »