Attorney Nancy Stone assists clients and their families with a wide range of Elder Law related matters in Houston TX and surrounding areas.
The high cost of long-term care has made planning a critically important issue for most middle class seniors and their families. In fact, most seniors will likely require some form of long-term care. Sadly, many of them are unprepared for the significant financial burdens it places on their family’s hard earned savings. Financial devastation looms large for a family facing ongoing care at a rate of $3,000 or more per month.
Long-Term Care Options
While some seniors can afford to pay privately for care, the cost of long-term care will wipe out savings of all but the wealthiest families in a matter of months or years. Those who have planned ahead by purchasing long-term care insurance have a degree of certainty and peace of mind. Unfortunately, many can’t afford the high cost of long term care insurance or, because of age or medical condition, cannot qualify for long term care insurance altogether. If you do have long-term care insurance, you should be aware of what your policy covers. Many policies have high deductibles or provide for only a short period of care in a facility. In fact, many who have long-term care insurance may still have to resort to Medicaid to pay for their care.
Gaining and Protecting Eligibility for Medicaid
Whether you are planning for the foreseeable challenges aging brings or reacting to a current medical crisis, we can help you take effective legal action to gain and protect your eligibility for Medicaid. After reviewing the details of your case and discussing your individual needs, we will help you make informed decisions about how to obtain your Medicaid planning objectives while protecting the assets you've worked hard to obtain.
Advocating on Behalf of Disabled Veterans in Texas
Veterans Non-Service Connected Disability pensions, such as the Aid and Attendance pension, provide veterans with funding for long-term care, including home care and assisted living. Nancy Stone is accredited by the U.S. Department of Veterans Affairs to advise veterans on VA benefits and can help you.
Disability Planning Options for People with Special Needs
Houston, Texas attorney Nancy Stone assists clients with navigating the maze of planning options available for disabled and special needs individuals. She drafts disability planning documents, such as powers of attorney, that help to ensure you can exercise control over your property and health care and avoid guardianship in the event you become incapacitated. She also drafts special needs trusts to protect the assets of individuals who are legally disabled while preserving eligibility for government benefits.
We also offer estate planning services so that you may take your future into your own hands. This includes the preparation of legal instruments, including powers of attorney, health care directives, wills, living wills, Miller trusts, and living trusts.
Helping Adult Children Care for Their Parents' Needs
We understand that you want the best for your parents as they age. We also understand that you have a career and family of your own. With so much on your plate, the assistance of an experienced elder law attorney is invaluable. We often work with adult children who are assisting their parents with obtaining government benefits, such as Medicaid and veterans disability pensions, to finance a parent's long-term care.
Our law firm has the experience and the expertise to help avoid the financial ruin associated with the high cost of long-term care. Contact us today to start the process of understanding the issues surrounding Medicaid eligibility and to implement the planning and application process.
Obtaining Quality Care - Protecting Your Assets
Nancy L. Stone, JD, MPH, Attorney at Law assists clients in the Houston, Texas area with obtaining quality home care and nursing home care through Medicaid planning techniques and the Veterans Aid and Attendance Pension. The prospect of spending down assets accumulated over a lifetime of work creates a substantial hardship for all nursing home residents and those who require in-home care to remain in the community. This hardship is also felt by the spouse of a nursing home resident who is counting on those resources to sustain himself or herself in retirement.
We can assist you with developing a plan to legally protect your assets and qualify for Medicaid or VA benefits. Our services encompass advice about spend-down strategies that work, creating Miller Trusts, obtaining a qualified domestic relations order to transfer income, drafting marital property agreements to transfer property between spouses, utilizing spousal impoverishment protections to preserve a couple's assets, drafting an enhanced life estate deeds - or Lady Bird Deed to avoid Medicaid Estate Recovery, and completing and submitting Medicaid applications, as well as representation in Medicaid appeals.
Houston TX Elder Law Attorney Nancy Stone, has over 15 years experience in health law and policy, public health, and elder care issues, including Medicare, Medicaid, and Social Security. She has the knowledge and experience needed to obtain your legal goals and protect your financial assets in the process.
Guiding You Toward Your Medicaid and VA Planning Goals
Establishing and maintaining eligibility for quality care
Preserving property and income
Completing estate and disability planning
Avoiding probate and Medicaid Estate Recovery
Remaining at home as long as possible
Obtaining high quality of care
We help clients throughout the greater Houston TX area to protect the financial assets they have worked a lifetime to obtain, by using legal spend down strategies. We can assist you with meeting Medicaid's complex eligibility requirements and avoiding Estate Recovery.
It is the goal of The Stone Law Firm to educate elderly and disabled clients about all public benefit programs for which they may be qualified. Attorney Nancy Stone has the knwoledge and expertise to advise cleints about how to qualify for the following government benefit programs which are based on financial Need:
Medicaid nursing home care
Medicaid home care (Community Attendant Services, Community-Based Alternatives, and other programs)
Veterans Aid and Attendance Pension
Veterans Non-Service Connected Disability Pension
Medicare Savings Programs, including Qualified Medicare Beneficiary (QMB)
Extra Help with Medicare Part D Prescription Drug Benefit
Social Security Disability Income
Medicaid health care coverage