This action might not be possible to undo. Are you sure you want to continue?
Caring for a loved one who has or trustee. And you’ll probably want Alzheimer’s Disease, particularly if to make sure that you don’t leave the person needs custodial nursing your ill spouse an inheritance, since receiving a lump sum care, carries a stratoscould make him inelipheric price tag. It’s a gible for vital governprice few families can ment benefits. pay. If you’re in this situation, it’s wise to There is no telling consult a certified eldhow long any one er law attorney to learn Alzheimer’s patient about protecting your will remain mentally family’s nest egg. This competent. Therefore, has nothing to do with plans should always be greed. It’s a question of made without undue economic survival: Predelay. Once the patient serving assets can allow is no longer cognitively the well spouse to live Joseph S. Karp, functional, you may still out life with a modicum C.E.L.A. have options, but they of financial security and will be far more limited. dignity. Any monies not lost to nursLastly, I urge you to avoid seeking home expenses can also be used to enhance the life of the patient ing advice from non-lawyers or inwith some little extras. Preserved experienced lawyers. I’m as eager as monies may also mean you won’t the next guy to save a few bucks, but have to turn to your kids for help— this is a complicated legal matter and an idea most parents find repugnant. the system provides little mercy for blunders. In fact, a significant percentage of my clients Listen to Joe Karp with are families trying to put Anita Finley on Saturday, back what was put legally November 28 from 7:30-8:00 AM asunder by ill-informed adon WSBR 740AM and on the visors.
Internet at www.wsbrradio.com.
Your attorney can give you accurate and comprehensive advice about the availability of Medicaid resources. If the attorney is accredited by the Department of Affairs, you can also get guidance on any available VA Benefits. A certified elder law attorney will also be able to determine whether your legal documents need to be modified. For example, y o u r s p o u s e w i t h A l z h e i m e r ’s Disease should no longer be your medical care surrogate, agent under your durable power of attorney, personal representative in your will,
Joseph S. Karp is a nationally certified and Florida Bar-certified elder law attorney (C.E.L.A.) specializing in the practice of Trusts, Estates and Elder Law. His offices are located at 2500 Quantum Lakes Drive, Boynton Beach; 2875 PGA Blvd., Palm Beach Gardens; and 1100 SW St. Lucie W. Blvd., Port St. Lucie. Call him at 561-752-4550 (Boynton); 561-625-1100 (Palm Beach Gardens); or 772-343-8411 (Port St. Lucie). Toll-free from anywhere: 800-893-9911. E-mail: KLF@Karplaw.com or website www.karplaw.com. Read The Florida Elder Law and Estate Planning Blog at www.karplaw.blogspot.com.
The Karp Law Firm Salutes All Our Veterans On Veterans Day!
We’re all indebted to you for your service!