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| Des Moines Elder Law Attorneys Elderly people and adult children of elderly parents face a number of hard decisions when failing health creates a need for long-term health care. Since Medicare only provides benefits for limited, short-term medical care, long-term medical needs must be covered either through expensive private insurance or Medicaid. In order to qualify for Medicaid, certain income requirements must first be met, forcing many elderly to spend down their assets. At the law office of Wilson, Deege, Dollar, Despotovich & Riemenschneider, our lawyers explain how elderly clients can plan for medical care and Medicaid eligibility without becoming impoverished or incurring certain penalties. Our office consults tax experts and financial planners when necessary, taking steps to ensure your trust, annuity, or will is secured on both a firm financial and legal footing. Don't wait until illness or disability creates the need to take action -- contact elder law attorneys at Wilson, Deege, Dollar, Despotovich & Riemenschneider today. We provide free consultations and will discuss the options available to you. Elder Law, Health Care Planning, and Financial Security The elder law attorneys at Wilson, Deege, Dollar, Despotovich & Riemenschneider represent and advise clients in regard to the following: Planning Early - Avoiding Penalties and Legal Complications Planning early is important when dealing with elder law issues. Under the terms of the 2005 Deficit Reduction Act (DRA), people are now required to transfer assets to another individual at least 5 years prior to applying for Medicaid in order to avoid certain penalties. Additionally, setting up a testamentary trust or immediate annuity requires time and often involves tax issues that must be considered. Health Care Decisions, Managing Money - Concerns and Issues When illness or disability interferes with an elderly person's ability to make informed decisions about their own health and financial affairs, having a will or conservatorship in place is essential. Our lawyers are prepared to work with medical doctors and psychologists in asking the court to create a conservatorship to protect an elderly person from the undue influence of unscrupulous neighbors, health care providers, or family members. We can also create a living will with specific instructions regarding end-of-life decisions and medical treatment. Preparing for Tomorrow Today If you have questions regarding Medicaid eligibility, holding onto your home or farm, protecting your assets, or creating powers of attorney, contact elder law lawyers at Wilson, Deege, Dollar, Despotovich & Riemenschneider today. We have the answers and solutions you're looking for in achieving peace of mind for the future -- | |
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