AREAS OF PRACTICE
Elder Law of Omaha proudly serves clients in Nebraska and western Iowa. We welcome the opportunity to work closely with you and your loved ones. All new clients are given a FREE 30 minute consultation with one of our experienced elder law attorneys to ensure that all of their needs are discussed. At your initial consultation, the attorney will present you with the options available to meet your legal needs.
Long-Term Care Medicaid Planning
Most people end up paying for long-term care out of their savings until they run out. Depending on location and the level of care, that care can cost between $40,000 and $180,000 a year. You don’t have to be considered “low income” to qualify for Medicaid.
All of the documents that comprise an estate plan help people avoid problems that often arise upon their incapacity or death. Many of these are problems that people never think about during life, or push out of their minds for “when they get older”.
Asset Preservation Trusts
Asset Preservation Trusts are irrevocable trusts that allow you to name one or more people to manage your assets. As the trustor, you still have access to those assets (including the use of your home); however assets in the trust may possibly be considered uncountable in regards to eligibility for public benefits.
REVOCABLE LIVING TRUSTS
A "living trust" is a revocable trust you create while you're alive, rather than one that is created at your death. You can be the trustee of your own living trust.
Special Needs Trusts
A special needs trust is a trust designed for beneficiaries who are disabled, either physically or mentally. It is written so the beneficiary can enjoy the use of property that is held in the trust for his or her benefit, while at the same time allowing the beneficiary to receive essential needs-based government benefits.
Probate is a legal process that takes place after someone dies. It includes proving in court that a deceased person's will is valid, identifying, inventorying and appraising the deceased person's property, paying debts and taxes, and distributing the remaining property as the will (or state law, if there's no will) directs.
The unfortunate truth is that many older adults have long periods toward the end of life when they're not able to make decisions for themselves — due to Alzheimer's or other forms of dementia, a stroke, an accident, or some other serious medical condition.