Elder Law Attorney In St. Joseph Mo - 5 Tips On Finding A Good Company

Published Oct 19, 21
7 min read

Where Can I Find Elder Law Attorney In St. Joseph Mo in St. Joseph Mo?

  

 

G Brent Powers Law Office
3715 Beck Rd D-401, St Joseph, MO 64506
Q5QW+6R St Joseph, Missouri
18162330257
https://gbrentpowerslaw.com/

Elder Law Attorney In St. Joseph Mo



Elder Law Attorney In St. Joseph Mo 

We will help you and all your family members make informed decisions regarding Elder Law matters such as Medicaid planning, estate planning, asset protection, and nursing home planning. Our individual paths to our "golden year" are different. Unfortunately, it has become more difficult over the years. Our firm prides itself in providing customized solutions for our clients. We are available to answer any questions you may have about your home, farm or real estate deeds. Click here for See This Here Elder Law Attorney In St. Joseph Mo

Elder Law

Elder Law is a specialist practice that offers senior citizens guidance and help with their legal needs. As we age, we are faced with many new issues, including housing, retirement, wealth transfer, and long-term nursing. Elder Law addresses these and other issues that affect the elderly.

Many elderly people fear losing their savings and home if they require long-term or nursing home care. They don't want their children, families, or society to feel like a burden.

Elder Law Attorney In St. Joseph Mo

Brent has provided expert and thoughtful advice to thousands of families across Saint Joseph and Northwest Missouri, providing them with peace of heart. With over 30 years experience, he can assist clients in developing estate plans, property transfers, deeds probate, power-of- attorney, trusts and other legal needs of senior citizens.

Brent will be happy to discuss Elder Law with you and help you develop a plan.

Nursing Home Medicaid Planning. It's never too early for you to start planning for Medicaid, long-term or even short-term care. Many people don’t plan for long term care, and they are often misinformed about the process of Medicaid. Many families don’t know who is eligible, or how they can benefit from nursing home Medicaid planning. It is important to find a skilled and dedicated Nursing Home Attorney who is committed to helping families.

With his expertise in nursing home Medicaid planning, Brent has helped families across the community save thousands of dollars. As a Nursing Home Lawyer, Brent would advise a few key things to remember when it comes to Medicaid - Brent, a nursing home lawyer, would recommend a few key points to remember about Medicaid. Most of what you hear from others about nursing home Medicaid are well-meaning, but they are almost always wrong.

Affordable Elder Law Attorney In St. Joseph Mo

It is almost never too soon or too late for planning.

Even if your loved one moves to a nursing facility, they can still be eligible for Medicaid assistance.

Elder Law Attorney In St. Joseph MoIt is important to understand the legal strategies and protections for spouses and families of residents in nursing homes. People are often afraid that they might lose their home or their life savings if their spouse or a loved one must move into a nursing care facility. We are able to insure that you will be safe in almost all instances.

Numerous financial safeguards can be provided for seniors and couples, without jeopardizing Nursing Home Medicaid eligibility.

Elder Law Attorney In St. Joseph Mo - Finding A Professional

Division of Assets

1988 was the year Congress passed the "Spousal ImpoverishmentAct". This law was, despite its title, designed to prevent married couples from having their entire financial assets expended before one of them can qualify for nursing-home Medicaid. As a result, the "Community Spouse", the spouse who remains at home, is allowed to keep a portion of their resources and the spouse who needs Medicaid (the “Institutionalized Spouse”) can get benefits.

Congress set limits on the assets that the Community Spouse may retain if the Institutionalized Spouse becomes eligible for benefits. These limits are often referred as the Community Spouse Resource Allowance or CSRA. Missouri law allows the Community Spouse to keep at least $25728 for 2020, up to a maximum $128 640.00. This amount is adjusted every year to reflect inflation and costs of living. The Division of Assets is the process Missouri Medicaid uses to determine the amount that the Community Spouse can keep within the range.

The Division of Assets begins on the day that the Medicaid applicant is admitted to a hospital or nursing home for at most 30 consecutive days. The marital couple's countable assets, which excludes very few assets that are exempt, are divided into two and each spouse is given their half. It doesn't matter which spouse owns the asset. The couple's assets will be combined to determine the Division of Assets. This means that the spouse who has more assets than their spouse will see their assets decrease. This is why it is important to work with an Elder Law attorney to ensure everyone's best interests are protected. According to the Wall Street Journal, 86% of widows are below the poverty line due to the cost of caring for their spouses.

Elder Law Attorney In St. Joseph Mo - How to Choose

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Let's say John and Mary have $300,000. John has dementia and needs nursing home care. The Medicaid caseworker will give $300,000 to Mary as her CSRA, and $171,000.360 to John. John must have less $5,000 to qualify for Medicaid. John's assets will be credited to the family and they will be required to spend $166 360. John and Mary will be told that John must spend 55% their lives' savings before John can apply for Medicaid. It is easy to see why 86% of spouses who survive are living below poverty line due to their spouse's medical costs.

John and Mary will not have to spend down any of their life savings if they plan properly and promptly with the help of G. Brent Powers, a qualified Medicaid Asset Protection lawyer. Avoid costly, unplanned spenddowns by using the right legal strategies and documents.

What if you didn't plan ahead? Do you think all is lost? Is it all over? Mary can retain most of her financial assets, even if John is incapacitated. Mary could use a "Marital Medicaid Compliance Annuity" to help her. G Brent Powers has the knowledge and expertise required to ensure Mary's financial security.

Brent makes every effort to meet with clients personally before he applies or appears in court.

Best Elder Law Attorney In St. Joseph Mo

Real Estate / Deeds

As they age, people begin to consider how to best transfer their farmland, home, or other property to their loved ones. Others may require help selling real estate, even without the assistance of an agent or broker.

Elder Law Attorney In St. Joseph MoG. Brent PowersEvery family's situation must be assessed to determine the best course of action. Are there any benefits to gifting property now to your children? What happens if your spouse requires long-term or nursing home care? A living trust is the best choice? What are the tax implications of transferring property? Can the property owner finance its sale?

Brent has helped hundreds upon hundreds of families, over the years, make the right choice when it comes time to transfer a home or farm.

Estate Planning

Proper estate plan means maintaining control over your assets, continuing to provide for you and your loved ones even when you're incapacitated, and distributing your property to the beneficiaries you desire at the lowest possible cost.

Planning must take into account your unique needs, wishes and assets. Only then can we decide what documents and strategies to use to ensure your planning works as you expect.

Brent can help with additional advice and assistance, as well as helping you establish a suitable estate plan.

Where to find Elder Law Attorney In St. Joseph Mo

Administration of trusts

Brent is available to help you determine the best way for your affairs to be managed. This will prevent future problems, unnecessary expenses, and skill gaps.

Brent Powers has been a practicing lawyer in Saint Joseph, Missouri and Northwest Missouri since 1980.

Although he started his career as a trial lawyer, he was forced to change to Elder Law and Medicaid nursing home planning.

He has been president of Saint Joseph Bar Association.

Brent is a native Missourian who grew up in Saint Joseph.

He graduated from Central High School. He received his undergraduate and law degrees at the University of Missouri.

He is a member of National Academy of Elder Law Attorneys, and the National Organisation of Social Security Claimants’ Representatives.

These national organizations offer education, training, as well as a national network for expertise to assist senior citizens and those with special needs.

 

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