Glossary of Terms | FAQs
Glossary of Terms
Many people only think about what happens after death. But you have a lot of living left! Lifecare planning is financial and legal planning that determines your quality of life for the long term.
This phrase refers to the changes needed as your ability changes due to aging or illness. It can include in-home care, nursing homes, assisted living, and more. At Anderson Elder Law our goal is always to help you get the highest quality of care in the least restrictive setting possible.
You may be entitled to various benefits that are provided to the public. These include things like Medicaid and Social Security that you have been paying into throughout your life through taxes. Many of these programs have qualifications that you must meet to be eligible. Public benefits preservation refers to planning and strategic decisions so that you can qualify for as many of these benefits as possible.
This is the application process for benefits such as Medicaid, Medicare, and Social Security.
In the case of accident, illness, or injury you may receive a worker’s compensation agreement. A Medicare set aside arrangement allows you to use a portion of this to pay for future medical care.
Frequently Asked Questions
Agent is generally entitled to "reasonable" compensation based on the services rendered. What is considered reasonable will depend on factors such as the agent's qualifications, the complexity of the tasks performed, and prevailing rates in the local market.
Yes, but there is legal framework to be considered so the persons assets and finances are arranged in a way that allows them to qualify for Medicaid benefits while preserving assets as much as possible.
In certain situations, with the approval of the Court overseeing the guardianship proceedings.