Elder Law Today Podcast Elder Law Today Podcast
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- Health & Fitness
Are you a senior citizen? Or perhaps you have a parent, relative, close friend or neighbor who is one. If so, then you won’t want to miss this important and informative podcast. Learn about elder law, a relatively new area of law, that encompasses the legal issues that acutely affect seniors and their families. Yale Hauptman, an elder law attorney, discusses the various problems and issues of aging in America today and interviews guests from other elder care fields.
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Elder Law Today Podcast Show #18 Continuing Care Retirement Communities
Continuing
care retirement communities can be a great option for many people.
I can move into one community that can meet all my needs, from independent
housing to assisted living to nursing home care as I need it.
In
Show 18 of his monthly elder law podcast, Yale Hauptman, a practicing
elder law attorney, provides an overview of CCRCs, the pros and cons.
So often, he sees people enter into these financial arrangements without
closely examining the 40+ page contract that typically the resident
must sign. The contracts often require a large upfront financial
commitment. What will the CCRC agreement cover? What won’t
it cover? What happens if you run out of money? What if
the facility runs out of money?
If
you are considering a CCRC for yourself or a loved one you’ll definitely
want to tune in first.
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Elder Law Podcast Show #17 Why Do I Need a Will
The law allows every
person to distribute property according to their wishes by a written
instrument known as a Last Will. However, many people never execute
one and miss that opportunity, the consequences of which can be
devastating to loved ones.
In Show 17 of his
monthly elder law podcast, Yale Hauptman, a practicing elder law
attorney, discusses what can go wrong without a will. Each state has
a set of laws that predetermines how assets will pass where there is
no will, known as intestacy. That may not, however, be what you
want. For example, assets may be left outright to heirs who
shouldn’t or can’t handle the money or may end up in the
wrong people’s hands.
Yale
also discusses the difficult issues involved in second marriages
where each spouse has different heirs who they wish to leave their
estate. Without proper planning that won’t happen. Ownership
of real estate in another state can also present a problem without
planning. The bottom line is that without a carefully drawn plan
your intentions and desire may not be carried out.
Tune in to learn what
you need to do to safeguard yourself and your loved ones.
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Elder Law Today Show #16 Mom is Not Capable of Handling Her Affairs - When is a Guardianship Appropriate
Mom is unable to
handle her affairs and either can’t or won’t accept
assistance from other family members. Or maybe one child lives close
by and is taking advantage of mom and other family members, who live
a distance away, are frustrated in their attempts to protect mom. Is
guardianship a solution?
In Show 16 of his
monthly elder law podcast, Yale Hauptman, a practicing elder law
attorney discusses when a guardianship is possible and when it isn’t.
Does Mom need to be declared incompetent? How does that happen and
what is the standard? Yale also discuss what options are available
when a guardianship isn’t possible, such as a conservatorship.
If your family is
grappling with these issues or you know someone else who is, then
you’ll want to tune in to learn more.
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Elder Law Today Podcast Show #15 - You’ve Spent Down all Your Money and Still Can’t Get Medicaid – How Could This Happen?
You’ve spent
down the remaining assets on Mom’s care and have no more money
left. You apply for Medicaid but are told, “Sorry, Mom’s
not eligible for another 8 months.” How could this happen?
What can you do to avoid this horrific outcome?
In Show 15 of his
monthly Elder Law Today Podcast, practicing elder law attorney, Yale
Hauptman, explains why spending down assets may not be as simple as
you think. Medicaid rules are complex and it is easy to get tripped
up. Well meaning citizens can unwittingly cause themselves to lose
these essential benefits by creating transfers that are subject to a
Medicaid transfer penalty.
Learn the danger of
paying home health aides cash and why that could result in long
penalty periods. Discover why gifts made 4+ years before Medicaid is
applied for can come back to haunt you. More importantly, learn how
you can avoid these Medicaid traps and how to correct the mistakes
you’ve already made. If you wait till you apply it’s too
late.
This episode is for
anyone who cannot afford the cost of long term care indefinitely and
may need to apply for government benefits at some time in the future.
Important information that you’ll want to listen to carefully.
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Elder Law Today Podast Show #14 Married Couple - Crisis Long Term Care Planning
So after listening to
Show 13 you’re thinking, we should have taken action
immediately after Dad’s diagnosis but didn’t so now what
do we do? In the 14th installment of his audio podcast,
Yale Hauptman discusses just that scenario, crisis planning.
Although the picture is more complicated all hope is not lost.
Yale discusses some of the options still available to families, but
timing is a key.
Yale explains how the
home as an exempt asset under Medicaid rules can be used to help the
healthy spouse preserve more than the maximum otherwise allowable
under Medicaid rules. That could include buying a bigger house or
making improvements on a current home. Learn why a reverse mortgage
now is replacing a home equity loan or line of credit as the only
option in crisis planning for many families. Yale also discusses
ways to pay down debt that benefits the healthy spouse and other ways
to help preserve hard earned money for the community spouse, who just
won’t be left with much under current Medicaid rules without
creative planning.
Be sure to tune in for
a concise 10 minute discussion of Medicaid crisis planning that will
give you an overview of what still is possible, even if you have
failed to early action, but time is running out.
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Elder Law Today Podcast Show #13 Married Couple - Early Action Long Term Care Planning
In the first show of
Season 2 of his Elder Law Today Podcast, by listener request, Yale
Hauptman has modified the format and shortened the length of his
audio podcast. In a concise 10 minutes, Yale presents a common
scenario that many families today are faced with. Dad has just
recently been diagnosed with early stages of Alzheimer’s
Disease (you can substitute any other long term care illness because
the issues remain the same). What lies next for Mom and Dad? What
should the family be doing and when?
Yale runs through the
planning strategies that ought to be employed to insure the best care
possible for Dad, preferably at home rather than in a nursing home,
and also to protect Mom so that all their hard earned savings are not
spent on Dad’s long term care, leaving Mom with very little to
live on.
Yale provides an
overview of the long term care system, the benefit of setting aside
assets in trust and the various government benefits, including VA and
Medicaid, that may be able to play a role in Mom and Dad’s
journey through the long term care system. Learn why it is so
important to take these steps as soon as possible and why inaction
can be so costly.
Episode 13 is a can’t
miss listen for families who are unsure what to do and where to
start.
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