During the 10-Week Living with Memory Loss series that is offered 3x a year, a local attorney with decades in the field will review Estate Planning and Medicaid rules for those living with memory loss. Some basic questions and answers that the attorney will cover are below...
What is a Trust versus a Will and why should I think about this if I own a home? Probate
Why should I care about Probate? It will save time and money
What is Medicaid? A state-run program that can pay for seniors living in Senior Care Communities. There are significant qualifying factors, physically and financially.
What does a Power of Attorney (POA) allow me to do for my loved one versus a Conservatorship? A POA allows you to pay the bills and access funds from banks/investments for your loved ones needs. A Conservatorship is court approved and with significant court oversight, allowing for all the above, but gives full control even if the loved one does not approve/agree with decisions.
When does the POA end? At time of death. A POA does not allow you to deal with the bank and selling of a home, if the person has died.
The above questions and much more will be gone into detail. Our attendees find this a highly valuable class. If interested in more information see our Classes page.
Comments