Tag: cleveland power of attorney lawyer

Power of Attorney Must Have These 5 Things for Medicaid Planning

Long term care is expensive. A nursing home or assisted living facility can easily cost between $5,000 and $10,000 a month. Medicaid is a government health care program that will cover the cost of long term care when you meet certain income and asset requirements. Under current rules, an individual can have no more than $1,500 in countable assets and a healthy spouse can keep up to half her baseline countable assets up to $119,220.

The goal of Medicaid planning is to preserve assets, either for yourself, your spouse, your children or other loved ones. The law is constantly changing and with it, Medicaid… Read the rest

4 Basic Estate Planning Documents that Everyone Should Consider

Often people come to our office seeking a basic estate plan.  While there is no such thing as one size fits all in estate planning, there are basic documents that everyone should consider.

Last Will and Testament-

As discussed in the previous post, http://www.perlalaw.com/blog/the-4-major-pitfalls-of-not-having-a-will/ failing to execute a valid will has a number of draw backs.  Wills give you the opportunity to set out who will inherit your estate.  Without a valid Will, your estate will be distributed according to Ohio law rather than your wishes.  A valid Will also gives you the … Read the rest