When long-term care becomes a possibility, many families ask whether gifting assets can help someone qualify for Medicaid. While giving money or property to children or loved ones may seem like a smart solution, Medicaid has strict rules about gifting—and…
If you or a loved one needs long-term care, a big concern is often: “Will the nursing home take the house?” It’s a valid worry. Long-term care — especially in a nursing home — can be expensive, and many people…
When a loved one begins to need ongoing care, one of the first questions families ask is simple and urgent: does Medicare pay for long-term care? Unfortunately, the answer is often not what people expect. Many assume Medicare will cover…
When Is It Time to Hire an Elder Law Attorney? Many people dream of retirement—traveling, relaxing, spending time with grandchildren, and enjoying the results of decades of hard work. But before you step fully into that new chapter, it’s important…
Aging is a natural part of life, but noticing that a parent is beginning to struggle can feel overwhelming. Whether you see your parents every week or only a few times a year, changes can happen quickly—physically, emotionally, and financially.…
Attorney Vincent L. Hein and Hein Law Office wanted to share this information with you. A pooled trust is a trust established and administered by a non-profit organization. It is a type of special needs trust. In Wisconsin, we are…
By Attorney Vincent Hein Medicaid Asset Protection Trusts (MAPTs) A Medicaid Asset Protection Trust (MAPT) is a specialized form of irrevocable living trust designed to shelter assets from the devastating financial impact of long-term care costs. Unlike a revocable living trust, which…
By Attorney Vincent Hein Many Wisconsin families eventually ask the same critical questions:“Do I need a trust?” and “Does a trust make sense for my situation?” While every individual or family’s needs are different, trusts provide significant advantages that wills…
By Attorney Vincent Hein Some families seem to have it all together—discussing elder care issues with ease, courtesy, and cooperation. While this may not be a Disney fantasy, it is rare. In my elder law practice, I often see the opposite: siblings…
An article by The Edcomm Group describes efforts to educate financial institutions on the role they can play in stopping financial abuse of the elderly. According to the National Center on Elder Abuse, elder financial abuse plagues over two million…
