Probate Law Attorney In St. Joseph Mo - 3 Tips To Find (& Hire) The Best Company

Published Oct 19, 21
7 min read

Where Can I Find Probate Law Attorney In St. Joseph Mo in St. Joseph Mo?

  

 

G Brent Powers Law Office
3715 Beck Rd D-401, St Joseph, MO 64506
Q5QW+6R St Joseph, Missouri
18162330257
https://gbrentpowerslaw.com/

Probate Law Attorney In St. Joseph Mo



Probate Law Attorney In St. Joseph Mo 

We will help you and all your family members make informed decisions regarding Elder Law matters such as Medicaid planning, estate planning, asset protection, and nursing home planning. Each person has a different path to reach their "golden years", which unfortunately has become increasingly complicated over time. Our firm prides themselves on providing unique solutions and planning that are tailored to each client's needs. We are available to answer any questions you may have about your home, farm or real estate deeds. Click here for Additional Hints Probate Law Attorney In St. Joseph Mo

Elder Law

Elder Law, a speciality practice that aids seniors in their legal matters, is new_paragraph. As we get older, we have to deal with many different issues. Elder Law covers all of these issues and more.

Many seniors fear that they may lose their home, savings, or everything they have worked for all their lives if they need nursing home or long-term care. They don’t want to be a burden to their children, family, and society.

Probate Law Attorney In St. Joseph Mo

Brent has helped thousands of families in Saint Joseph and Northwest Missouri feel at ease with his expert and thoughtful advice. He has more than 30 years' experience working with clients to design estate plans and real estate transfers.

Brent will be happy to discuss Elder Law with you and help you develop a plan.

Nursing Home Medicaid Planning. It's never too late to begin planning for Medicaid and long term care. Many people don't know how Medicaid works and haven't planned for long-term care. Many families don't know who can be eligible for Medicaid or how their spouse and family can benefit from it. It is important that you choose a Nursing Home Attorney who has the experience and is dedicated helping families.

With his expertise in nursing home Medicaid planning, Brent has helped families across the community save thousands of dollars. Brent is a licensed nursing home lawyer and would like to share some key points about Medicaid. While most of the information you hear about nursing home Medicaid is accurate, it's almost always incorrect.

Affordable Probate Law Attorney In St. Joseph Mo

It is almost never too much too soon to plan.

Even if your loved one moves to a nursing facility, they can still be eligible for Medicaid assistance.

Probate Law Attorney In St. Joseph MoIt's crucial to know the legal protections and strategies available for the spouse and their family members of a resident in a nursing home. People are often afraid that they might lose their home or their life savings if their spouse or a loved one must move into a nursing care facility. This is almost impossible to prevent in most cases.

Numerous financial safeguards can be provided for seniors and couples, without jeopardizing Nursing Home Medicaid eligibility.

Probate Law Attorney In St. Joseph Mo - Finding A Professional

Division of Assets

A 1988 law, commonly known as the "Spousal Impoverishment Law", was passed by Congress. This law, which is often referred to as the "Spousal Impoverishment Bill", was meant to prevent married couples having to lose all of their assets before one of them could qualify for nursing home Medicaid. The spouse who lives in the home (the "Community Spouse") gets to keep some resources while the spouse with a need for Medicaid (the 'Institutionalized Spouse') can claim benefits.

Congress also set limitations on the assets that the Community Spouse can keep if the Institutionalized Spouse wants to receive benefits. These limits are often referred to as Community Spouse Resource Allowances (CSRA). Missouri's Community Spouse may retain at most $25,728 or $128.640.00. This amount will be adjusted each year for inflation or the cost to live. Missouri Medicaid's Division of Assets process determines the maximum amount that the Community Spouse may keep.

The Division of Assets is calculated the first day a Medicaid applicant is admitted into a hospital/nursing home for at least 30 consecutive days. The marital couple's countable assets, which excludes very few assets that are exempt, are divided into two and each spouse is given their half. It doesn't matter who owns the asset; the entire couple's assets are considered when determining the Division Of Assets. This means that a spouse with significant assets will have their assets reduced. This is why it is important to work with an Elder Law attorney to ensure everyone's best interests are protected. According to a Wall Street Journal article, 86% live below poverty level because they have to pay for the care of their spouses.

Probate Law Attorney In St. Joseph Mo - How to Choose

People Also Asked:

  • What is the difference between will and estate planning?
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  • How do I protect my assets from nursing home?
  • At what age should you set up a trust?
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As an example, suppose John and Mary are married and have $300,000 in assets. John is demented and needs nursing home care. The Medicaid caseworker will assign the $300,000. in financial assets to Mary and attribute $128.640 to Mary as her CSRA. John is credited $171,360. John must be under $5,000 in order to qualify for Medicaid. John's assets will be credited to the family and they will be required to spend $166 360. John and Mary will be required to spend 55% of the savings they have made in order to qualify for Medicaid. It is easy to see why 86% of spouses who survive are living below poverty line due to their spouse's medical costs.

John and Mary will not have to spend down any of their life savings if they plan properly and promptly with the help of G. Brent Powers, a qualified Medicaid Asset Protection lawyer. It is crucial to plan ahead and use the correct legal documents and strategies to avoid a costly and embarrassing situation.

What if there was no planning? Can all hope be lost? The good news is that the answer to this question is "no". Mary could still retain nearly all her assets through the use of a "Marital Medicaid compliant Annuity", even though John is currently in a nursing home. G Brent Powers has all the experience and expertise necessary to ensure Mary is not left behind.

Brent makes every effort to meet with clients personally before he applies or appears in court.

Best Probate Law Attorney In St. Joseph Mo

Real Estate / Deeds

As people age, they start to think about how to transfer their property, farmland or other assets to their loved ones. Others may require help selling real estate, even without the assistance of an agent or broker.

Probate Law Attorney In St. Joseph MoG. Brent PowersEvery family's situation must be assessed to determine the best course of action. Is it possible to gift property to your children right away? What happens when you or your spouse need long-term, or nursing home care. A living trust is the best choice? What tax consequences will you face if your property is transferred? Do you need to borrow money from the owner in order to sell your property?

Brent has assisted many families to make the right decisions in transferring their homes, farms, or businesses over the years.

Estate Planning

Proper estate planning is about maintaining control over your assets while you live, continuing to provide care for your loved ones even if you are incapacitated or disable, and distributing your property after you die to who you want, when and how you want it, at the lowest possible cost.

Planning must take into account your unique needs, wishes and assets. Only then can we decide what documents and strategies to use to ensure your planning works as you expect.

Brent can also help you to create a proper estate plan.

Where to find Probate Law Attorney In St. Joseph Mo

Administration of trusts

Brent is available to assist you in determining the best way of handling your affairs.

Brent Powers was a lawyer in Saint Joseph since 1980.

Although he began his career in the courtroom as a trial advocate, he changed to Elder Law due to the need of his parents, his older clients, and numerous referrals.

He was president of Saint Joseph Bar Association.

Brent is a native Missourian and grew-up in Saint Joseph.

He is a Central High School grad, who received his undergraduate degree and his law degree from the University of Missouri, Kansas City.

He is a member of National Academy of Elder Law Attorneys, and the National Organisation of Social Security Claimants’ Representatives.

These national organizations offer education, training, as well as a national network for expertise to assist senior citizens and those with special needs.

 

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