Elder law focuses on providing legal guidance and assistance to older adults and their families in navigating various legal matters. Unlike other areas of law, elder law covers a broad range of topics and is not limited to a specific set of rules. This field takes a comprehensive approach, addressing the legal, medical, financial, social, and family needs of aging individuals.

A revocable trust is a legal arrangement where an individual, known as the Settlor, transfers assets to a Trustee while specifying how and when they should be distributed. The Settlor retains the ability to modify or revoke the trust at any time. Often referred to as a Living Trust, it is frequently promoted as a way to avoid probate, though it does not eliminate the requirement to pay inheritance tax.

A Power of Attorney (POA) is a crucial document for managing your affairs. It allows you, as the "Principal," to designate a trusted individual, known as the "Agent," to act on your behalf according to specific terms. Should you become unable to manage your personal or financial matters due to illness or injury, a POA ensures that your chosen representative can make decisions for you. Visit Hartle Elder Law Practice, LLC to schedule an appointment.

Adding your child’s name to your property deed can have significant and sometimes negative implications, including potential effects on financial aid, Medicaid qualification, and tax liabilities. It’s crucial to weigh the reasons for making this change and understand any potential drawbacks or consequences that may arise.

Spending down assets is one way to qualify for Medicaid, but it’s not the only option. If your income falls below $2,829, you may also be eligible to protect an additional $6,000 in assets.

Medicaid generally treats a primary residence as an exempt asset, meaning you or your spouse may retain ownership while receiving care. However, after death, the home may become subject to Medicaid’s Estate Recovery Program.