Late in life, people face a range of legal and financial problems that require creative solutions. They should have an up-to-date estate plan in place. They may have to plan for long-term care in a nursing home or assisted living facility. If a person is no longer able to manage his or her affairs, it may be necessary to establish a guardianship. These and other matters fall into a field known as elder law. They are often inter-related and require extensive planning and legal work to resolve in a satisfactory manner.
Long-Term Care and Medicaid Planning
The cost of nursing home care keeps rising at a staggering rate. It is possible to plan for such care, but it is best done several years in advance of the anticipated date of residency.
The attorneys at Rammelkamp Bradney understand the complex rules regarding asset transfers for the purpose of qualifying for Medicaid. They also understand the various options available and the tax implications of certain transfers. A lawyer at Rammelkamp Bradney can work with you to develop a plan designed to preserve as many assets as possible, while qualifying the elder person for Medicaid benefits.
At some point in life, a person may become unable to manage finances or personal matters. Establishing a guardianship may be the answer. Rammelkamp Bradney can review the situation and if necessary, provide the legal services necessary to create and administer a guardianship, including the required accountings and status reports required by the court. The firm also represents clients in contested guardianship matters and in cases of elder abuse.
Whatever your elder law needs, Rammelkamp Bradney can provide the right solution for you.
Rammelkamp Bradney has offices in Springfield, Jacksonville, and Winchester, Illinois.