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Lisha A. Seery, LLC Lisha A. Seery, LLC
Serving Springfield And The Surrounding Communities In Southwest Missouri For Over 20 Years
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Springfield Missouri Estate Planning And Probate Law Blog

Have you thought about qualifying for Medicaid?

As you get older, you may have many important life aspects to think about. You may look forward to certain events, like retirement, but you may also worry about other potential issues, like suffering from an injury or illness in your later years. While some people may think you are just being a worrywart, planning for the possibility of needing long-term care is actually a smart move.

A considerable number of people over the age of 65 will need long-term care at some point. Unfortunately, this type of care can leave a significant financial burden on individuals and families who are not prepared. As a result, you may want to start looking into the possibility of qualifying for Medicaid.

Multiple tools can help you create a useful estate plan

Some Missouri residents may not put much stock in estate planning. After all, they may not have a considerable amount of wealth or feel like anyone needs specific instructions about what to do with their remaining affairs after their passing. However, those ideas could cause serious problems for surviving loved ones.

Instead of leaving matters up to chance, you may want to give estate planning its due consideration. For instance, did you know that certain aspects of your estate plan can go into effect while you are still alive? Many individuals do not realize that estate plans can be used for more than just distributing assets.

Creating a special needs trust for your adult child

Parents of adults with disabilities go to great lengths to ensure their child has a stable future. This often requires shrewd financial planning. Loving parents need to account for all the possible needs of that child – not just in the present, but long into the future as well, even after they themselves are gone.

One potential option is a special needs trust. So what is it, and why might it be a good choice for your family?

What does your Power of Attorney do and when?

If something should happen to you, do you know who will make decisions on your behalf? Unless you take legal action, it might not be the person you want.

Before you are in this situation, you can file a Power of Attorney (POA) to outline what you want to happen to your body while you are alive and who you authorize to make those decisions.