Elder Law Attorney
Nursing Home Planning

Elder Law Attorney and Nursing Home Planning

At the Toron Law Firm, we’re here to take all the confusion out of the Medicaid process. Hundreds of families have turned to us when they’re dealing with the endless red tape of applying for benefits to pay for care, so they don’t end up out of money.

If your loved one suffers from Alzheimer’s, dementia, Parkinson’s, or the effects of a stroke, an elder law attorney can offer financial solutions and peace of mind.

We help families find solutions for their legal and financial frustrations. No one should be forced to lose his or her life savings!

If your loved one is beginning to have memory or other health issues, now is the right time to start planning. The earlier you begin, the more options you will have. However, if you or your family is in crisis, the time to call is now. It’s never too late!

You may have been told by a case worker or a well-meaning friend that there’s nothing you can do but let your loved one lose all their hard-earned savings to nursing home care. That is not the case. We implement honest, legal solutions so that your loved one can live with dignity.

TESTIMONIALS

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Medicaid Planning

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Medicaid is a benefits program primarily funded by the federal government and administered by each state. Medicaid pays for long term care in a nursing home. Most people cannot afford to pay $9,000 to $11,000 per month or more for the cost of a nursing home. Unlike Medicaid, Medicare will only pay for rehabilitation services and even then, only for a short period of time.

The rules of Medicaid are nearly impossible for the average person to understand. In fact, even many attorneys, will say things like, “It’s too late to do anything!” At the Toron Law Firm, we know there are many solutions available to help protect your savings. We help people deal with the mind-boggling, complex maze of Medicaid paperwork and the frustration that accompanies it. We help clients avoid having to spend more than they should and avoid having their family security jeopardized.

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Elder Law

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When trying to find an elder law attorney, it’s important to understand how elder law differs from traditional estate planning. A traditional estate plan is typically designed to do three things:

  1. Minimize estate taxes
  2. Avoid probate court
  3. Distribute assets from the deceased person to his or her heirs.

Elder Law, on the other hand, is disability and nursing home planning. An elder law attorney must think ahead in the event that you or your spouse has long term health care needs that could deplete your savings.

Unfortunately, it is quite common to see families spend hundreds of thousands of dollars when both a husband and a wife have long term care needs. The key focus of our office, and as an elder law attorney, is to help you and your family protect the family assets and avoid a catastrophic loss.

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Trusts & Wills

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Individuals work a lifetime at accumulating assets, personal property and mementos. If executed correctly, a Last Will and Testament can clearly state your wishes and ensure they are carried out.

Depending on your situation, a Revocable or Irrevocable Trust may be more appropriate. A trust, like a will, is a legal document that includes instructions regarding what should be done with your assets when you die. The key difference between the two is that a trust prevents the assets from being probated (tied up in the court system) at your death – a will does not. In addition, an Irrevocable Trust can often be used to protect your assets from nursing home costs and Medicaid Estate Recovery.

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Powers of Attorney

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Powers of attorney for health care and financial decisions are a low-cost way to decide which family member or trusted friend will have the authority to carry out your wishes. If you do not have power of attorney, or if your powers of attorney are not drafted properly, your loved ones may face costly court proceedings and court-supervised guardianship.

Your loved one needs a very comprehensive power of attorney that allows someone close to them to make decisions, if they ever become ill. They need powerful documents, which authorize their loved ones to change the way your assets are held so as to provide the best protection for them and their healthy spouse if they ever need nursing home care.

Elder Law Blog

Jay Leno’s Conservatorship Filing Highlights the Importance of Powers of Attorney

The recent news of Jay Leno’s filing for a conservatorship for his wife, Mavis Leno, has brought attention to an often-overlooked aspect of estate planning: Powers of Attorney. While conservatorships can be necessary in situations where individuals are unable to manage their affairs due to incapacity, proactive measures such as establishing powers of attorney can mitigate the need for court intervention and ensure a smoother transition of decision-making authority. In light of this development, it is crucial for individuals of all ages and backgrounds to recognize the importance of powers of attorney in protecting their interests and preferences during times of incapacity.

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Understanding the Medicaid 5-Year Look Back Rule and Irrevocable Trusts

Medicaid is a vital safety net program in the United States, providing healthcare coverage to millions of low-income individuals and families. However, navigating its eligibility requirements can be complex, especially when it comes to long-term care expenses. One crucial aspect of Medicaid eligibility planning involves understanding the 5-year look back rule and how it intersects with irrevocable trusts. In this article, we’ll delve into these topics to provide clarity and guidance for those considering Medicaid planning.

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The Medicaid Dilemma: Why Revocable Trusts Fall Short in Nursing Home Medicaid Planning

Revocable trusts have long been regarded as a versatile and powerful tool in estate planning, providing individuals with the flexibility to manage their assets during their lifetime and ensuring a smoother transition of wealth upon their passing. However, when it comes to Medicaid planning, relying solely on a revocable trust can present significant challenges. In this article, we explore the reasons why revocable trusts may not offer the desired protection when it comes to meeting Medicaid eligibility criteria.

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Understanding Medicaid Annuities: A Guide to Financial Planning for Long-Term Care

Medicaid annuities have become an essential tool in financial planning for individuals seeking to navigate the complexities of long-term care. As the cost of healthcare continues to rise, especially for elderly individuals requiring extended medical assistance, it is crucial to explore strategies that can help protect assets and ensure access to Medicaid benefits.

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