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

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. If you have any questions regarding your farm, home, real estate deeds or power of attorney, trusts and wills, probate vs. unprobate transfer, long-term care, or trusts vs. Wills, please contact our firm today. Click here for Try This Web-site Disabled Adult Child Benefits In St. Joseph Mo

Elder Law

Elder Law is a special practice that assists seniors with their legal issues. As we get older, we have to deal with many different issues. Elder Law covers these and many other concerns that elderly people face.

Many elderly citizens worry that they will lose their home and savings if they are in need of long-term nursing home care. They don’t want the burden of being a burden on their families or 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. With over 30 years experience, he can assist clients in developing estate plans, property transfers, deeds probate, power-of- attorney, trusts and other legal needs of senior citizens.

Brent will be happy to discuss Elder Law with you and help you develop a plan.

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 unaware of the benefits of Medicaid and have not planned for it. Many families don't know who can be eligible for Medicaid or how their spouse and family can benefit from it. It is important that you choose a Nursing Home Attorney who has the experience and is dedicated helping families.

With his expertise in nursing home Medicaid planning, Brent has helped families across the community save thousands of dollars. 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. Most of what you hear from others about nursing home Medicaid are well-meaning, but they are almost always wrong.

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It is almost never too much too soon to plan.

Your loved ones can still receive Medicaid benefits even after they move into a nursing home.

Disabled Adult Child Benefits In St. Joseph MoIt is crucial to be aware of legal protections and strategies that are available for the spouse or family member of a resident at a nursing facility. People often fear that their loved one or spouse will move into a nursing home, and they may lose their home and financial savings. We are able to insure that you will be safe in almost all instances.

Numerous financial safeguards can be provided for seniors and couples, without jeopardizing Nursing Home Medicaid eligibility.

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

Division of Assets

A 1988 law, commonly known as the "Spousal Impoverishment Law", was passed by Congress. This law, which is often referred to as the "Spousal Impoverishment Bill", was meant to prevent married couples having to lose all of their assets before one of them could qualify for nursing home Medicaid. As a result, the "Community Spouse", the spouse who remains at home, is allowed to keep a portion of their resources and the spouse who needs Medicaid (the “Institutionalized Spouse”) can get benefits.

Congress set limits on the assets that the Community Spouse may retain if the Institutionalized Spouse becomes eligible for benefits. These limits are also known as the Community Spouse Resource Allowance. The Missouri Community Spouse can retain $25,728 to $128,640.00 for 2020. This amount is adjusted each year for inflation and the cost of living. 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 begins on the day that the Medicaid applicant is admitted to a hospital or nursing home for at most 30 consecutive days. The marital couple's countable assets, which excludes very few assets that are exempt, are divided into two and each spouse is given their half. It doesn't matter who owns the asset; the entire couple's assets are considered when determining the Division Of Assets. This means that assets will be reduced for the spouse with more assets. It is crucial to consult an Elder Law lawyer to help you navigate this process. This will ensure that everyone's rights are protected. The Wall Street Journal recently reported that 86% widows don't have enough income to cover the costs of caring for their spouses.

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

People Also Asked:

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  • How do I protect my assets from nursing home?
  • At what age should you set up a trust?
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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 assign the $300,000. in financial assets to Mary and attribute $128.640 to Mary as her CSRA. John is credited $171,360. John must have less that $5,000 to be eligible for Medicaid. John's assets must be paid down by the family, who will then have to spend $166.360. John and Mary will now be told to spend $55,360 of their savings each year before John is eligible 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 will not have to spend down any of their life savings if they plan properly and promptly with the help of G. Brent Powers, a qualified Medicaid Asset Protection lawyer. 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 It is not over. Mary can retain most of her financial assets, even if John is incapacitated. Mary could use a "Marital Medicaid Compliance Annuity" to help her. G Brent Powers has both the expertise and experience to ensure Mary's safety and prevent her from becoming homeless.

Brent takes the time to meet clients face-to-face before appearing in court.

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Real Estate / Deeds

As they age, people think about how to best transfer their house, farmland, and other properties to loved ones. Some people may require assistance in selling real estate without the help of a broker or agent.

Disabled Adult Child Benefits In St. Joseph MoG. Brent PowersEvery family's situation must be assessed to determine the best course of action. Is there a benefit to gifting property to children now? What happens if your spouse is in need of long-term nursing home or long-term care? A living trust is the best choice? What tax implications will a transfer of property have? Do you need to borrow money from the owner in order to sell your property?

Brent has assisted hundreds of families over the years to make the right decision when they are transferring a house, farm, or other property.

Estate Planning

Proper estate plan means maintaining control over your assets, continuing to provide for you and your loved ones even when you're incapacitated, and distributing your property to the beneficiaries you desire at the lowest possible cost.

Planning must take into account your unique needs, wishes and assets. Only then can we decide what documents and strategies to use to ensure your planning works as you expect.

Along with helping you set up an appropriate estate plan, Brent can help you with further advice on: Brent is available to help you create an 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 has been a practicing lawyer in Saint Joseph, Missouri and Northwest Missouri since 1980.

His career started as a trial-lawyer. But, due to the needs of his parents and many referrals, he transitioned into Elder Law, Medicaid nursing facility planning and Division of Assets.

He served as the President of the Saint Joseph Bar Association. He also served on numerous community boards and took part in many events sponsored or organized by the Saint Joseph Bar Association in order to assist people in need of sound legal advice.

Brent is a native Missourian, having grew to be a Saint Josephian.

He is a Central High School graduate, earned his undergraduate degree from Missouri – Columbia and then received his law degree from Missouri – Kansas City.

He is a member of National Academy of Elder Law Attorneys, and the National Organisation of Social Security Claimants’ Representatives.

These national organizations offer training, education, and a national network to support senior citizens and persons with special needs.

 

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