Estate planning tools like special needs trusts provide immense relief to families facing concerns about the legal and financial security of a loved one with special needs. Specifically, this tool provides special needs individuals with long-term necessary resources...
Plan For The Future With Confidence
Long-term health care
Long-term care plan: Mandatory vs. optional benefits of Medicaid
Preparing for your long-term care is a good practice, especially if you are planning to secure benefits from the government. During the process, you have to carefully prepare your application to maximize the benefits you can get to assist you with paying for your...
You’re trying to help. Is a special needs trust right for you?
Millions of people in America have family members with special needs, including many people in Maryland. These individuals may be vulnerable for any variety of reasons, from mental health issues to physical disabilities, among other potential issues. And no matter...
Elder law can help aging individuals plan for the inevitable
Elder law addresses the legal and financial concerns of aging individuals and their loved ones. It is more diverse than you might believe. It is an integral part of the estate planning process that can help you answer essential questions regarding your future and the...
Planning for long-term care in Maryland before you need it
While it's a natural part of life, aging presents a unique set of challenges that can make it difficult to stay independent. In Maryland, you have the option of planning ahead for long-term care. Long-term care planning Long-term care describes services that a person...
Creating an irrevocable trust to qualify for Medicaid
Many people will need long-term care at some point in their lives. Since the cost of nursing homes and assisted living facilities is prohibitive, most Maryland residents can't afford it and must turn to Medicaid to pay the costs of care for them. However, to qualify...
Should I use a special needs trust or an ABLE account?
People with disabilities and the parents of special needs children in Maryland have certain options for saving for their future care. The two biggest options include special needs trusts and ABLE accounts. While there are similarities between the two, they also differ...
Medicaid planning steps to secure finances
Medicaid planning is the process of determining if a Maryland resident is suitable for the program. Determining eligibility involves understanding the terms of the program and reviewing personal finances. Additional strategies are used to decide if Medicaid is an...
What are Medicaid long-term care qualifications?
If you have a loved one in Maryland whose physical abilities or mental faculties have started to decline, you may begin to think about the possibility of long-term medical care. Perhaps you're wondering if that possibility is something you will eventually need. How do...
Special needs planning: Learning what you don’t know to plan for
Residents of Lutherville and other parts of Maryland may want to know more about how to learn to plan for a special needs child. Feeling overwhelmed may be what is going on right now. Planning involves handling one thing at a time, as you did when you were going to...
