When you come to our office for the initial consultation, our promise is to make it as comforting as possible. When you leave our office feeling relieved and you have a guide to lead them through the long-term care legal maze. In helping clients navigate the long-term care legal maze we’ve set up a three-step process. The Peace of Mind Meeting At the first meeting, we will welcome you to our firm. Consider this a “get to know you meeting.” At this meeting it is our goal to make you feel comfortable and help you understand the long-term care maze that…
5.4 million people living in the U.S. has Alzheimer’s disease and other dementias – and approximately 800,000 Americans are living alone, according to the Alzheimer’s Association. The report, “2012 Alzheimer’s Disease Facts and Figures,” estimates that one in seven people with Alzheimer's or dementia lives alone, and that up to half of those people have no identifiable caregiver. Most are older women with milder impairment. Additionally, as the baby boom generation ages, more people diagnosed with Alzheimer’s will be living alone. The analysis finds that Alzheimer’s costs the country about $200 billion per year in Medicare, Medicaid, and personal out-of-pocket expenses. As enormous…
Senior Life Care Planning provides seniors and their families, expertise and resources they need to better navigate the many health care, social, legal, and financial complexities associated with aging. Our care advisors, who specialize in senior care and care-giving issues, customize each client’s unique situation and desires. As advisors we can monitor, and assist with a wide range of common challenges for the caregivers of aging parents including health, insurance, legal, and financial issues and the evaluation of residential options, home, assisted living, and/or nursing home. We provide unbiased and compassionate care advocacy, these advisors also can keep family members…
A veteran has a $10,000 CD. The veteran adds an adult (non-helpless) child who lives in the same household as joint owner of the CD. The legal effect of this transaction is to give each joint owner an undivided one-half interest in the CD. The value of the CD is still $10,000 for net worth purposes and all of the interest earned by the CD is counted as income in determining the veteran’s IVAP. Note: This is the case regardless of who reports the income from the CD for IRS purposes.
If the veteran transfers a partial interest in property to a person who is outside the veteran’s household, the veteran’s net worth and income is reduced in proportion to the percentage of the asset transferred. A veteran has a $10,000 certificate of deposit (CD). The veteran adds a nephew who does not live in the veteran’s household as joint owner. The legal effect of this transaction is to give each joint owner an undivided one-half interest in the CD. The value of the CD is reduced to $5,000 for net worth purposes.
Is your work, commitments, family demands and responsibilities now so great that you are not able to provide the desired level of advocacy, supervision and attention to your loved one’s issues?
We, at Senior Life Care Planning, provide our clients, families, and caregivers, with a support system, expertise and resources they need to better navigate the many health care, legal, and financial complexities associated with aging.
We provide our clients, families, and caregivers, with a support system, expertise and resources they need to better navigate the many health care, legal, and financial complexities associated with aging.
Mediation is considerably cheaper than litigation, $150 to $500 per hour for several hours for a private mediator’s time, or a nominal fee, in lieu of very expensive litigation lawyers.
Frederick, MD 
301-663-9230
