Posts tagged "elder law"

Medicaid planning does not mean getting rid of all assets

Though the idea can seem scary, many people in Texas and across the country will need some type of long-term care in their elder years. In many cases, families may struggle to pay for such care, which is why many people want to qualify for Medicaid assistance if possible. Because obtaining this financial help depends on certain financial qualifications, many individuals try to prepare to meet those requirements ahead of time.

An advance health directive can make important wishes known

Feeling a lack of control can be scary for any Texas resident. Unfortunately, the possibility exists that anyone could wind up in a position where he or she cannot express certain information due to illness or injury. On the bright side, individuals can prepare for this possible scenario by creating an advance health directive.

Consider adding an advance health directive to estate plans

Getting older affects each person differently than the next. Some Texas residents may be able to maintain their good health well into their elder years, and others may experience mental or physical health issues. Because it is not easy to predict which will be the case for any one person, creating an advance medical directive as part of an estate plan is wise.

Do not make the mistake of forgetting long-term care plans

Getting older is different for each person. Some Texas residents may live until they are 100 or close to it without suffering any major ill health effects. Of course, it is more common for individuals to experience physical and mental health decline as they reach their elder years, which is why it important to consider long-term care planning options.

Long-term care often needs more than Medicare for expenses

As Texas residents age, some may come to realize that their health is not holding up as well as they had hoped. They could develop serious medical conditions or have a disability that makes it likely that they will need long-term care in the future. If this is the case, planning ahead is wise.

Elder law planning wise after dementia diagnosis

It is common for people to have fears about getting older. They may worry that they will never achieve certain dreams or that they will find themselves with ill health. Unfortunately, diseases like Alzheimer's affect numerous people in Texas and across the country, and when a person receives such a diagnosis, it makes sense to consider elder law planning. 

Long-term care planning may be part of aging gracefully

Many Texas residents may dread getting older. They may imagine difficult times ahead where they can no longer care for themselves, and while this may not need to be the only future imagined, it is certainly a possibility. Fortunately, individuals can plan for futures in which they are healthy and for those in which they may need long-term care.

Planning for long-term care is an important step for the future

No one likes the idea of finding him or herself in the situation of needing extended care. Unfortunately, older individuals face a significant likelihood of needing long-term care at some point during their retirement years. If Texas residents do not plan for that possibility, they and their families may face serious difficulties later on.

Elder law has a serious financial abuse problem

Powers of attorney are common estate planning tools. Many people in Texas use these documents to make sure that their medical and financial wishes are respected even if they are unable to make decisions on their own. Sadly, there is a significant amount of abuse within this area of elder law.

Steps to plan for care may involve looking into Medicaid

Needing long-term care can be a difficult situation to consider. However, even if Texas residents want to believe that they will never end up incapacitated or needing extended care for another reason, it happens to numerous individuals. As a result, it is wise to take steps to plan for care before the need is imminent.

Contact Kolb & Murray, P.C., at 830-386-4801 to schedule your initial consultation with an experienced law firm devoted to serving you, your family and your business.

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