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Long Term Care

COVID-19 is no excuse to put off conversations with older parents about their long-term care

Use this holiday season to observe their well-being and broach the subject, even over Zoom As a Dallas elder law and estate planning attorney, I hear concern edging into my clients’ voices every first of January, post-holiday-visit. After the plum pies are eaten and the grandkids tucked into bed, adult children are often left with …

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VA Benefits: Can They Help Pay for Long-Term Care for My Spouse or Parent?

Veteran’s Affairs (VA) benefits can help if your loved one needs long-term care. Depending on their specific needs, VA benefits may include disability compensation, VA pension, or long-term care assistance.  The amount of the benefit can vary. It depends on what you can demonstrate as your needs, costs, and resources. It’s a good idea to …

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How to Pay for Assisted Living – Medicaid’s Assisted Living Waiver Program

A recent report was issued that reviewed a number of state’s Medicaid Assisted Living Waiver Program.  These programs provide Medicaid funding to assisted living or in-home care.   The report found that providing public benefits to eligible individuals before they required skilled nursing care reduced the state’s overall Medicaid expenditures.   Further, it provided options …

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The Importance of Long-Term Care Planning

Life expectancy in the United States has continued an upward trend over the last several decades. The average life expectancy for men is 76.4 years and the average for women is a healthy 81.2 years of age. What has not trended upward, however, is the number of people engaging in long-term care planning. The fact …

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What to Consider in Retirement Planning

Most people dream of retiring one day. The problem is that many do not move beyond dreaming about it to actually planning it out. Fortunately, those who prioritize planning can make their retirement dreams a reality.  As an estate planning attorney, I advise clients daily on how to approach their retirement within the estate planning …

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Veterans’ Benefits – What You Need To Know

Veterans are an important class of our population and as such, it is important to know about the various benefits available to them.  Many of the benefits are based on the type of service by the veteran, the health of the veteran, or a combination of these factors. The next several paragraphs will outline benefits …

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70% Chance a 65-Year Old will need Long Term Care – if You’re Married, it’s Higher

70% of individuals 65 years old will need some form of long term care during their lifetime.[i]  For those 70% requiring long term care, the average total cost is estimated at $266,000.[ii]  About 25% of households have no retirement savings at all, and the median savings for those who do is less than $75,000.[iii]  When …

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