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New Federal Law Puts Focus on Preventing Elder Abuse

Posted by Brad Sarkauskas | Apr 13, 2018 | 0 Comments

A new federal law is designed to address the growing problem of elder abuse. The law supports efforts to better understand, prevent, and combat both financial and physical elder abuse. The prevalence of elder abuse is hard to calculate because it is underreported, but according to the National C...

What Is a Supplemental Needs Trust?

Posted by Brad Sarkauskas | Apr 11, 2018 | 0 Comments

Americans are living longer than they did in years past, including those with disabilities. Planning by parents can make all the difference in the life of a child with a disability, as well as that of his or her siblings who may be left with the responsibility for caretaking (on top of their own ...

Social Security Disability Benefits (SSDI)

Posted by Brad Sarkauskas | Apr 10, 2018 | 0 Comments

Disability benefits are available to qualified recipients under two programs, Social Security Income (SSI) and Social Security Disability Income (SSDI).   SSI is a means-tested program for people with disabilities who have very limited means, but SSDI is an insurance program that is available to ...

Alzheimer’s 101 – Understanding the Basics

Posted by Brad Sarkauskas | Apr 08, 2018 | 0 Comments

What is Alzheimers Disease? Alzheimers disease is defined as an irreversible, progressive mental deterioration that can occur in middle or old age. It is the most common form of dementia. What causes Alzheimers Disease? Alzheimers disease is caused by a generalized deterioration of the b...

What to Consider in Retirement Planning

Posted by Brad Sarkauskas | Apr 07, 2018 | 0 Comments

What does retirement look like to you? This is an essential question to ask when beginning to plan for retirement. A good starting place is to start jotting down your ideas and, if married, your spouses ideas for retirement. Maybe travel is in your plan. If not travel, then how do you plan to s...

The Difference Between Medicare and Medicaid

Posted by Brad Sarkauskas | Apr 06, 2018 | 0 Comments

Medicare and Medicaid have long been a mystery to many consumers. In fact, it can baffle and confuse even some of the smartest citizens. Like me, you might have thought, “I dont need to worry about this right now.” However, it is never too early to gain a little understanding and awareness that ...

What Happens to Your Debts When You Die?

Posted by Brad Sarkauskas | Apr 03, 2018 | 0 Comments

When you die, your debts do not expire with you. Most debt still needs to be paid off, if possible, although who is responsible for paying the debt depends on the type of debt, and some assets are protected from being used to satisfy a debt. Outstanding debt may include mortgages, credit card bi...

Selling The Family Home - Come See Us First

Posted by Brad Sarkauskas | Apr 01, 2018 | 0 Comments

After Marias husband died, Marias daughter Debby persuaded her to sell the family home and move into Debbys mother-in-law  cottage.  That  way  they  could  stay  close, and  Maria  could  invest  the money  from  the  sale  so that she  could  live comfortably. The house sold for a handsome s...

Decisions to Make for Your Power of Attorney

Posted by Brad Sarkauskas | Mar 28, 2018 | 0 Comments

A power of attorney may seem like a simple document, but there are several important decisions that need to be made when creating one. From whom to appoint to what powers to grant, care and consideration should be put into each choice. A power of attorney is one of the most important estate plan...

Medicaid's Gift to Children Who Help Parents Postpone Nursing Home Care

Posted by Brad Sarkauskas | Mar 27, 2018 | 0 Comments

Medicaid is one of the most highly sought-after government assistance programs. Those with Medicaid coverage can have medical treatment and long-term care costs covered, leaving them responsible for only a small portion of total costs. While available for a range of individuals, the elderly are some of the greatest Medicaid benefactors as it can cover expenses for everything from nursing home care to prescription drugs.

5 Planning Pointers for Parents with Disabled Children in Wisconsin

Posted by Brad Sarkauskas | Mar 25, 2018 | 0 Comments

Having children with a disability means that you have to take extra steps to plan and prepare for their future. When a parent cannot take care of their child any longer due to death or disability, it is vital to have a plan in place to ensure the child's needs are met. Here are five pointers to consider when planning for your disabled child's future...

What is a Life Estate?

Posted by Brad Sarkauskas | Mar 24, 2018 | 0 Comments

The phrase life estate often comes up in discussions of estate and Medicaid planning, but what exactly does it mean? A life estate is a form of joint ownership that allows one person to remain in a house until his or her death, when it passes to the other owner. Life estates can be used to avoi...

Planning for a Child with Special Needs

Posted by Brad Sarkauskas | Mar 23, 2018 | 0 Comments

Americans are living longer than they did in years past, including those with disabilities. According to one count, 730,000 people with developmental disabilities living with caregivers who are 60 or older. This figure does not include adult children with other forms of disability nor those who l...

Four Provisions People Forget to Include in Their Estate Planning

Posted by Brad Sarkauskas | Mar 21, 2018 | 0 Comments

Estate planning is something that should be started long before you think you need it and revisited regularly when you need to make changes. Divorce, remarriages, new children and/or grandchildren, as well as other life events, can alter the way your estate is handled after you die. But despite your best efforts, you may inadvertently leave out some less obvious provisions that not everyone may think about. Don’t forget to include these provisions in your estate plan.

Special Needs Trusts and SSI

Posted by Brad Sarkauskas | Mar 20, 2018 | 0 Comments

The contents of most trusts you create for yourself will be considered available to you in determining your eligibility for SSI. On the other hand, assets of most trusts that someone else creates and names you as a beneficiary of may not be considered to belong to you for purposes of determining ...

How Does the Medicaid Look-Back Period Work?

Posted by Brad Sarkauskas | Mar 19, 2018 | 0 Comments

Medicaid is intended to give long-term medical care to people who need it. Unlike Medicare, Medicaid is a means-based program, which means a person may only be eligible if they have few assets. The program begins where a person’s funds and other assets end. You’re expected to pay for your own long-term care on your own until you can no longer pay, and then Medicaid takes over. When you consider the possibility of expensive long-term care, you may be concerned about losing your house or other assets in the course of applying. Transferring assets to your spouse, children, or various types of trusts may be ways to protect your assets, however Medicaid has something called a “look-back period” that you need to know about before you transfer anything.

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