A stay at a long-term care facility is a common reality for many seniors, whether it’s a brief stay in a nursing home for recuperation and rehabilitation after a procedure or a more permanent stay in the case of a chronic disease such as dementia or Alzheimer’s. Choosing the right …
A Power of Attorney is a document which names an agent to handle your financial affairs if you are incapacitated or otherwise unable to, while also explaining any limitations you wish to place on your agent while they act in your stead. There are many Power of Attorney types to choose from, so it’s important to know which one best meets your goals. To determine this, you must decide on what you’d like your POA to accomplish. Some reasons you’d name an agent for your financial affairs include:
Qualifying for Medi-Cal benefits can be difficult if applicants own too many assets because Medi-Cal is a needs-based program. Additionally, there is often a look back period on any asset transfers that could disqualify applicants from receiving benefits. However, there are ways to reduce assets through a qualified spend down to ensure you receive Medi-Cal benefits, typically in the form of purchases. These purchases should be made with the guidance of an experienced Encino elder law attorney to make sure they will not serve as means for disqualification.
Working past retirement age is a requirement for some seniors, since Social Security benefits and retirement savings often cannot keep up with the cost of living. Whether it’s working in your previous career or taking on a new job, seniors must be aware of the eligibility requirements needed to keep receiving Social Security benefits until they reach full retirement age.
