G Brent Powers Law Office
3715 Beck Rd D-401, St Joseph, MO 64506
Q5QW+6R St Joseph, Missouri
18162330257
https://gbrentpowerslaw.com/
Nursing Home Lawyer in St. Joseph Mo
Where Can I Find a Nursing Home Lawyer in St. Joseph Mo?

We are here to help you, your family, make informed decisions and plan on Elder Law topics such as Medicaid planning, estate and asset protection. Each person has a different path to reach their "golden years", which unfortunately has become increasingly complicated over time. Our firm prides themselves on providing unique solutions and planning that are tailored to each client's needs. Contact us today if you have questions concerning your home, farm and real estate deeds.

Elder Law

Elder Law, a speciality practice that aids seniors in their legal matters, is new_paragraph. As we get older, we have to deal with many different issues. Elder Law includes these and many other areas that concern the elderly.

Many elderly citizens fear they might lose their home, savings and everything that they have worked so hard to earn. They don't want their children, families, or society to feel like a burden.

Brent has helped thousands of families in Saint Joseph and Northwest Missouri feel at ease with his expert and thoughtful advice. Over 30 years of experience in working with senior citizens to create estate plans, real property transfers, deeds.

Brent will help you to create an Elder Law plan. Call Brent today.

Nursing Home Medicaid Planning It's never too late to begin planning for Medicaid and long term care. Many people don't know how Medicaid works and haven't planned for long-term care. Many families don't know who is eligible for nursing home Medicaid planning or how it can benefit them or their family. It is important that you choose a Nursing Home Attorney who has the experience and is dedicated 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. While the majority of information about nursing home Medicaid is good-intentioned, it is almost always inaccurate.

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.

It's crucial to know the legal protections and strategies available for the spouse and their family members of a resident in a nursing home. People often fear that their loved one or spouse will move into a nursing home, and they may lose their home and financial savings. This is almost impossible to prevent in most cases.

There are many financial safeguards available for couples and elderly without jeopardizing Nursing Home Medicaid eligibility.

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. The "Community Spouse" can retain a portion of the couple’s resources while the "Institutionalized Spouse", who is eligible for Medicaid, can receive benefits.

Congress established limits on how many assets the Community Spouse can retain if an Institutionalized Spouse is to be eligible to benefits. These limits are often referred as the Community Spouse Resource Allowance or CSRA. The Missouri Community Spouse can retain $25,728 to $128,640.00 for 2020. This amount is adjusted each year for inflation and the cost 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 takes effect on the first day of the Medicaid applicant's admission to a hospital/nursing house for at minimum 30 consecutive days. The couple's countable assets are divided into 2 with each spouse receiving their one-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. To ensure everyone's protection, it is essential to work with an Elder Law lawyer during this process. According to the Wall Street Journal, 86% are living below the poverty level due to having to pay for their spouse's care costs.

Consider John and Mary, a married couple, with $300,000 of financial assets. John suffers from dementia and requires nursing home services. The Medicaid caseworker will give $300,000 to Mary as her CSRA, and $171,000.360 to John. John must have less that $5,000 to be eligible 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. If the Community Spouse's assets are reduced by this amount, it's easy to see how 86% end up living below poverty due to their spouse's health care expenses.

John and Mary wouldn't need to spend any of their savings if they had a proper plan and were assisted by a qualified Medicaid Asset Protection attorney like G. Brent Powers. It is crucial to plan ahead and use the correct legal documents and strategies to avoid a costly and embarrassing situation.

What if you didn't plan ahead? All hope is lost It is not over. Mary could retain almost all of her financial assets by using a "Marital Medicaid Compliant Anuity". Even if John is in a nursing facility, Mary can still use the Annuity. G Brent Powers has all the experience and expertise necessary to ensure Mary is not left behind.

Brent takes the time to meet clients face-to-face before appearing in court.

Real Estate / Deeds

As they get older, many people start to think about how to transfer their home, farmland and other properties to their loved one or others. Others might need assistance selling real property without a broker.

To find the best path for each family, it is important to assess their individual circumstances. Is it possible to gift property to your children right away? What happens if you need long-term care or nursing facility care? Is a living estate the best option? What tax consequences will you face if your property is transferred? 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.

Proper planning should take into consideration your and your family’s unique needs and assets. Only then will we be able to determine the right documents and strategies that can be used to make sure your planning is as effective as possible.

Brent can assist you in setting up an appropriate estate plan.

Administration of trusts

Brent can help you decide the best way to manage your affairs.

Brent Powers is a Saint Joseph, Missouri-based lawyer who has been practicing since 1980.

His career started as a trial-lawyer. But, due to the needs of his parents and many referrals, he transitioned into Elder Law, Medicaid nursing facility planning and Division of Assets.

He has been president of Saint Joseph Bar Association.

Brent is from Northwest Missouri, and he grew up near Saint Joseph.

He is a Central High School graduate, earned his undergraduate degree from Missouri – Columbia and then received his law degree from Missouri – Kansas City.

He is a National Academy of Elder Law Attorneys member and the National Order of Social Security Claimsants' Representatives.

These national organizations provide education and training as well as a network of experts for member attorneys in order to assist seniors and people with special disabilities.