Disabled Adult Child Benefits In St. Joseph Mo - 7 Tips For Choosing The Best Company

Published Oct 19, 21
7 min read

Where Can I Find Disabled Adult Child 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 Adult Child Benefits In St. Joseph Mo



Disabled Adult Child Benefits 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. Everybody has their own path to "golden years". Unfortunately, this path has become more complex over the years. Our firm prides themselves on providing unique solutions and planning that are tailored to each client's needs. Contact us today if you have questions concerning your home, farm and real estate deeds. Click here for Our Website Disabled Adult Child Benefits In St. Joseph Mo

Elder Law

Elder Law is a specialty that helps seniors and provides guidance. As we get older, there are many more issues that we face than we did when we were younger. These include long-term care, housing, retirement and wealth transfers. Elder Law addresses these and other issues that affect the elderly.

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

Disabled Adult Child Benefits In St. Joseph Mo

Brent's thoughtful and professional advice has given peace of mind for thousands of families in Saint Joseph, Northwest Missouri. Over 30 years of experience in working with senior citizens to create estate plans, real property transfers, deeds.

Brent is available to help you understand Elder Law and create a plan for your future.

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 not planning for long-term health care and are frequently misinformed on how Medicaid works. Many families don’t know who is eligible, or how they can benefit from nursing home Medicaid planning. It is important to find a skilled and dedicated Nursing Home Attorney who is committed to helping families.

Many families have saved thousands of dollars by using Brent's effective nursing home Medicaid planning. Brent, as a Nursing Home Lawyer, would recommend the following key points regarding Medicaid:Brent, a lawyer for nursing homes, has some tips to help you remember the basics of Medicaid. While the majority of information about nursing home Medicaid is good-intentioned, it is almost always inaccurate.

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It is almost never too late or too early to plan.

You can still get Medicaid assistance for your loved one even if they move to a nursing home.

Disabled Adult Child Benefits In St. Joseph MoIt is vital to understand legal protections available to the spouse and loved ones of nursing home residents. People often fear that their loved one or spouse will move into a nursing home, and they may lose their home and financial savings. 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.

Disabled Adult Child Benefits In St. Joseph Mo - Finding A Professional

Division of Assets

The 1988 "Spousal Impoverishment act" was passed by Congress. It was intended to prevent married people from having to give up all their assets in order to qualify for Medicaid nursing home Medicaid. The spouse who lives in the home (the "Community Spouse") gets to keep some resources while the spouse with a need for Medicaid (the 'Institutionalized Spouse') can claim 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 also known as the Community Spouse Resource Allowance. Missouri law allows the Community Spouse to keep at least $25728 for 2020, up to a maximum $128 640.00. This amount will be adjusted each year for inflation or the cost to live. Missouri Medicaid requires that a Division of Assets Application be completed in order to determine what amount the Community Spouse will be permitted to keep.

The Division of Assets is calculated the first day a Medicaid applicant is admitted into a hospital/nursing home for at least 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 matter which spouse owns the asset. The couple's assets will be combined to determine the Division of Assets. This means that the assets of the spouse with significantly more assets will be reduced. It is crucial to consult an Elder Law lawyer to help you navigate this process. This will ensure that everyone's rights are protected. According to a Wall Street Journal article, 86% live below poverty level because they have to pay for the care of their spouses.

Disabled Adult Child Benefits In St. Joseph Mo - How to Choose

People Also Asked:

  • What is the difference between will and estate planning?
  • What is involved in estate planning?
  • When should I start estate planning?
  • Can I do my own estate planning?
  • What should you never put in your will?
  • Is it better to have a will or a trust?
  • What are the disadvantages of a trust?
  • Do I need a will or an estate plan?
  • How much should I expect to pay for estate planning?
  • How do I protect my assets from nursing home?
  • At what age should you set up a trust?
  • At what age should you create a trust?
  • Can I put my house in a trust without a lawyer?
  • Do I need a lawyer for a living trust?
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  • Who you should never put in your will?
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As an example, consider John and Mary as a married couple. John has $300,000 worth of assets. John has dementia. Mary requires nursing home care. The Medicaid caseworker will give $300,000 to Mary as her CSRA, and $171,000.360 to John. John must also have less than $5,000 to be eligible. John will tell his family to spend $166.360 of John's assets. John and Mary will be told that John must spend 55% their lives' savings before John can apply 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. You can avoid an unpleasant and costly situation by making sure you have the right legal strategies in place.

But what if planning wasn't done in advance? All hope is lost Is it all over? Mary would be able to keep almost all of her financial assets even if John is now in a nursing care facility by using what is called a "Marital Medicaid Compatible Annuity". G Brent Powers is a professional with the necessary experience and expertise to make sure Mary doesn't become homeless.

Brent makes every effort to meet with clients personally before he applies or appears in court.

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Real Estate / Deeds

As people age, they start to think about how to transfer their property, farmland or other assets to their loved ones. Others may require help selling real estate, even without the assistance of an agent or broker.

Disabled Adult Child Benefits In St. Joseph MoG. Brent PowersEach family's situation should be evaluated in order to determine the best course. Is there a benefit to gifting property to children now? What happens if you need long-term care or nursing facility care? Is a living estate the best option? What are the tax implications of transferring property? Can the property owner finance its sale?

Brent has helped hundreds upon hundreds of families, over the years, make the right choice when it comes time to transfer a home or farm.

Estate Planning

Proper estate planning means maintaining control of your assets while living, continuing to provide for your care and your loved ones, even if incapacitated or disabled, distributing your property after your death to whom you want, when you want and the way you want at the lowest overall cost.

Proper planning should take into consideration your and your family’s unique needs and assets. Only then will we be able to determine the right documents and strategies that can be used to make sure your planning is as effective as possible.

Brent can help with additional advice and assistance, as well as helping you establish a suitable estate plan.

Where to find Disabled Adult Child Benefits In St. Joseph Mo

Administration of trusts

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

Brent Powers was a lawyer in Saint Joseph 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 a native Missourian who grew up in Saint Joseph.

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 both the National Academy of Elder Law Attorneys as well as the National Organization of Social Safety Claimants Representatives.

These national organizations offer education, training, as well as a national network for expertise to assist senior citizens and those with special needs.

 

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