Sinclair Prosser Gasior

Annapolis Estate Planning Attorneys

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Should I Purchase Long-Term Care Insurance?

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"Should I Purchase Long-Term Care Insurance?" by Attorney Ayana Johnson (Audio) Should I Purchase Long-Term Care Insurance? An important aspect of estate planning is planning for your retirement years. Doing so requires you to do more than just stash as much money away as possible – though saving money certainly is important. Planning for your retirement years should also consider the very real … [Read more...] about Should I Purchase Long-Term Care Insurance?

Insurance You Need to Protect Your Assets

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"Insurance to Protect Your Assets" by Attorney Victor Lembo (Audio) We all want to ensure our families are protected in times of need, as we never know what life has around the next corner. Keeping your money secure can be a challenge, and as estate planning attorneys, Sinclair Prosser Gasior can help make certain that you are taking the necessary steps to protect your family and assets. For … [Read more...] about Insurance You Need to Protect Your Assets

Free Estate Planning Seminars Next Week! Register now!

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  The estate planning seminars establishes the necessary components of an effective estate plan. The seminar is presented in a case study format profiling the life of Bill and Mary Jones. Several scenarios are used to relay the impact of estate planning issues relating to probate, disability due to incompetence, protection of government benefits for special needs loved ones, second marriages, … [Read more...] about Free Estate Planning Seminars Next Week! Register now!

Does Medicare Pay for Nursing Home Costs?

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  When considering how you will pay for nursing home costs, most people think of the following sources of payment: their income, their assets, maybe Medicare, maybe Medicaid and long term care insurance. They are certainly correct in thinking that their income and assets can pay for a nursing home. Long term care insurance will often pay depending on the policy coverage. Medicaid will pay for … [Read more...] about Does Medicare Pay for Nursing Home Costs?

Medical Assistance Spend Down Process for Nursing Home Costs

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   Having to pay for long term care expenses such as a nursing home can be traumatic to any family.  The cost of the average nursing home is over $10,000.00 a month.  Very few couples have the means to pay this amount over a long period of time.  The scariest part for most couples is there is no end date.  You start paying $10,000.00 a month from your accumulated savings and you don’t know for how … [Read more...] about Medical Assistance Spend Down Process for Nursing Home Costs

Division of Assets: Medicaid Planning for Married Couples

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Division of Assets is the name commonly used for the Spousal Impoverishment Provisions of the Medicare Catastrophic Act of 1988.  It applies only to couples.  The intent of the law was to change the eligibility requirements for Medicaid where one spouse needs nursing home care while the other spouse remains in the community.  The law, in effect, recognizes that it makes little sense to impoverish … [Read more...] about Division of Assets: Medicaid Planning for Married Couples

Medicaid Planning and Your Home

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Medicaid Planning is a very important part of any estate plan.  If you do not want to pay out of pocket for nursing home care, and would like Medicaid to pay for your nursing home, you need to plan for how to do this. When meeting with clients, I often get asked “If I go into a nursing home, will I lose my house?”  The answer is complicated, but if the state’s medical assistance program, … [Read more...] about Medicaid Planning and Your Home

Listen to “Your Estate Matters” tomorrow morning (Tuesday) @ 8:50 a.m. on WNAV Radio

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  Make sure to tune in to WNAV Radio on 1430 AM or 99.9 FM on Tuesday mornings at 8:50 a.m.  for YOUR ESTATE MATTERS! The attorneys of Sinclair Prosser Gasior relate cutting edge estate planning information to keep you up to date.  The topic tomorrow is "Your Home and Medicaid Planning" by Attorney Jon J. Gasior. … [Read more...] about Listen to “Your Estate Matters” tomorrow morning (Tuesday) @ 8:50 a.m. on WNAV Radio