Tag: durable power of attorney

What Every Caregiver Should Know About Medicaid

Caring for an elderly loved one is one of the hardest jobs in the world.  Beyond the physical care that must be performed, you also have to practically become an expert in medical care and equipment, pharmaceuticals, and the like.  How to pay for medical care is also an issue that should be on your radar.  The purpose of this Medicaid Planning Guide is to provide you with an easy to understand guide to Medicaid and how it relates to you the Caregiver and the person you are caring for, who I refer to as the Caregivee. 

What is Medicaid?

Medicaid is a health insurance program funded with state and federal… Read the rest

Explore Medicaid Planning Before it’s Too Late

When is it too late for Medicaid Planning?

Generally, if there is money left to be saved then there is planning that can be done.  However, if you become incompetent then there is little that can be done to save financial assets titled in your name.

What does it mean to be incompetent?

According to Ohio law, a person is incompetent if he is so mentally impaired as a result of a mental or physical illness or disability, or mental retardation, or as a result of chronic substance abuse, that the person is incapable of taking proper care of the person’s self or property or fails to provide for the … Read the rest