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elder law Archives

Important financial benefits available to elderly veterans

If your parent is suffering from dementia -- or you know an elderly person who is -- you might relate to the story that follows. A woman started looking for an assisted living facility for her mother, who was in an advanced state of dementia. Later, she discovered that her mother qualified for Veterans Administration (VA) benefits. The VA benefits were a great boon that could help pay for her mother's care.

Be sure you understand the full ramifications of guardianship

Guardianship can be incredibly beneficial for someone who is aging and needs help with critical components of his or her life. Aging has a different impact on everyone, and it can come with both physical and cognitive drawbacks. The guardian helps the person -- called a ward in Texas -- live a healthy, happy life despite these potential issues.

Can I protect my assets and still qualify for Medicaid?

As you lay the foundation for your elder care and prepare to leave your estate to beneficiaries, it is important to create a plan that works with Medicaid and other elder care subsidy benefits. These benefits vary from state to state, but in most cases, they are an essential part of how aging individuals stay healthy without completely exhausting their resources.