Individuals with special needs may be eligible for government assistance programs like SSI and Medicaid. SSI is intended to provide financial assistance for food and shelter and Medicaid provides health insurance coverage. Child support payments impact eligibility for these programs and the establishment of a special needs trust when the child becomes an adult can be critical to maximizing child support payments and government benefits for the child.
When the child is a minor and receiving SSI:
When a minor is residing with a parent, his parent’s financial resources are taken into… Read the rest
Cleveland Elder Law Lawyer Elizabeth L. Perla has been chosen by the National Business Institute to speak at their “Elder Law and Medicaid Planning: Everything You Need to Know” Seminar in Akron, Ohio on June 20, 2017 and Cleveland, Ohio on June 22, 2017 on the topics of Special Needs Trusts and Medicaid Post-Eligibility Issues.
The seminar is designed for attorneys, financial planners, accountants, tax preparers, trust officers and paralegals. The program will be recorded in its entirety and can be obtained by contacting NBI directly.… Read the rest
Cleveland Elder law Attorney Elizabeth L. Perla of the Perla Law Firm is offering free legal consultations on Tuesday, February 14th from 2 to 4:30 pm. Appointments will be scheduled every 15 minutes, with any remaining slots available for walk-ins. Ms. Perla is an elder law attorney practicing in estate planning, including Wills and Trusts, Medicaid and Veteran’s Benefits planning, advanced directives, guardianships, and estate administration. She is also well versed in family law matters. The sign-up sheet will be available at the front desk.… Read the rest
Not so long ago, living trusts, also commonly referred to as revocable trusts or family trusts, were used as Medicaid planning tools for married couples in Ohio. A married would put their home in a living trust prior to a Medicaid application. As the home was in a trust and not in the names of the married couple, it was considered a countable resource. As such, it would increase the Community Spouse Resource Allowance (“CSRA”) by the value of the home, thereby allowing the community spouse to spend down excess resources by transferring the home into their individual names rather than spending… Read the rest
It is a common problem. One spouse’s health is declining. The other spouse is relatively healthy but is having trouble continuing to provide care for the unhealthy spouse at home. Something has got to give. Soon some kind of long-term care facility will be necessary. But how will they afford it?
According to the 2010 Market Survey of Long-Term Care Costs conducted by Metlife, the annual cost of a semi-private room in a Cleveland area nursing home was $75,190 and a private room was $87,600.
Moreover, counter to popular belief, Medicare will not cover prolonged nursing home care. Medicare… Read the rest