Testamentary and Inter Vivos Trusts- Cleveland Elder Law Attorney
Testamentary and inter vivos trusts are two types of trusts that should be explored when estate planning. Testamentary Trusts A testamentary trust is created as part of the last will and testament. It does not take effect until the death of the testator, who is the person that created the [...]
Revocable and Irrevocable Trusts- Cleveland Elder Law Attorney
There are many types of trusts, designed for a variety of purposes. In fact, a trust may be created for any legal purpose. Two terms that you will likely hear when planning a trust are revocable trusts and irrevocable trusts. Revocable Trusts A revocable trust may be amended or terminated [...]
What is a Trust? Cleveland Elder Law Attorney
Trusts can be a useful tool when planning for long-term care needs and estate planning. There is no one size fits all trust, and the best trust is one that is custom built to meet the needs of an individual. A trust, by definition, is a relationship between a settlor, [...]
Durable Power of Attorney- Cleveland Elder Law Attorney
Do you think that because your elder loved one has a power of attorney they are protected? What many people do not realize is that a normal power of attorney ends when the person who makes them loses mental capacity. In cases like Alzheimer’s and dementia, this leaves person vulnerable. [...]
What Your Elder Law Attorney Can Do For You- Cleveland Elder Law Attorney
In addition to providing information and guidance regarding the VA Special Monthly Pension, he or she can also assist clients with planning strategies to help them obtain the Special Monthly Pension while keeping an eye on the possibility that it may be necessary to qualify for Medicaid in the months [...]
Calculating the Special Monthly Payment & IVAP- Cleveland Elder Law Attorney
Once the Income for Veteran's Administration Purposes is calculated, the Special Monthly Pension amount can be properly calculated. If the IVAP is a negative number, meaning that the unreimbursed medical expenses are greater than the gross income for the household, the veteran, or veteran's widow, will receive the full amount [...]
Special Monthly Pension for Veteran’s Widow- Cleveland Elder Law Attorney
If the veteran is deceased and a spouse survives the veteran, the widow/widower can also qualify for the Special Monthly Pension if he or she is over 65 or disabled. The amount of the Special Monthly Pension is based on the level of disability. The levels of disability are: aged [...]
Special Monthly Pension Disability Levels- Cleveland Elder Law Attorney
Either the veteran or the veteran's spouse can be the one to meet the disability requirement for qualifying for the Special Monthly Pension. The amount of the Special Monthly Pension is based on the level of disability. The levels of disability are: aged over 65, Housebound, and In Need of [...]