Medical Assistance & Long-term Care Planning

The uncertainty of what the future holds can be disturbing.  Planning for that uncertainty can be overwhelming and confusing without help to guide the way.

Despite hoping that we will never need to be admitted to an assisted living facility or a nursing home, sometimes our choices are limited.  Not only is the choice emotional, but financial implications can make the transition even more difficult.

Few people are prepared to absorb the costs of long-term care.  Paying for assisted living and nursing home care for an extended period of time can deplete hard earned savings, leaving few options for a spouse who is still living at home or for family who is trying to respect their loved one’s wishes.

Ruder Ware’s team of elder law attorneys understand it takes a lifetime to grow your assets, and they are prepared to help you navigate the long-term care maze. Our attorneys skillfully guide clients—whether it’s children of elderly parents, individuals, or couples—with empathy and respect through this complicated process.  They’re armed with creative solutions intended to ease minds and hearts.

  1. Pre-Planning – Are you hoping to protect your assets and home to avoid it all being used to pay for your long-term care someday?

When our clients are considering pre-planning, often the questions at the top of their minds include:

      • Can I protect my house from a nursing home lien?
      • Who is eligible for Medicaid/Medical Assistance?
      • Is it too late to start planning?
      • Will a trust protect my assets?
      • Can I get help to pay for assisted living?
  1. Crisis Planning – Have you or a loved one recently been admitted to a nursing home or assisted living facility?

When a move into an assisted living or a nursing home has occurred or is imminent, some of the questions our clients have are:

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Our team has worked with countless clients to address these issues as well as related issues

Founded in 1920, Ruder Ware provides business, employment, estate planning, and litigation services through its offices in Wausau, Eau Claire, and Green Bay, Wisconsin.  A full-service law firm, over 40 attorneys provide clients with a one-stop approach to their legal needs. Ruder Ware, Business Attorneys for Business Success.

IRS Provides More Retirement Plan and IRA Relief

Posted on June 24, 2020 by

Yesterday, the IRS issued additional guidance regarding two hot topics over the last six months: the waiver of the 2020 required minimum distributions (RMDs) from retirement plans and IRAs, and the change in the required beginning date for RMDs from age 70 ½ to age 72. Extension and Expansion of 60-Day Rollover for 2020 RMDs […]

IRS Provides Information on Where to Send Deceased Individual’s Stimulus Check

Posted on May 7, 2020 by

On the same day we published the article My Deceased Family Member Received a COVID-19 Stimulus Check, Now What? the IRS provided guidance on how to return stimulus payments that were made under the CARES Act to deceased individuals. If your deceased family member or relative received a paper check by mail, you should follow these […]

My Deceased Family Member Received a COVID-19 Stimulus Check, Now What?

Posted on May 6, 2020 by

There has been significant publicity surrounding the issue of deceased individuals receiving stimulus checks under the CARES Act.  It is far more common than you may think, simply because of the speed in which our government operated to send out the payments.  The stimulus checks were issued to individuals that met certain income requirements and […]

You Have Been Named as an Agent Under a Wisconsin Power of Attorney: Now What?

Posted on April 29, 2020 by and

Maybe you were informed ahead of time or maybe you found out when you were first called upon to act.  In any event, someone (a parent, a sibling, a friend, a neighbor) named you as their agent or attorney-in-fact under a Wisconsin power of attorney for finances.[1]  Now what?[2] What Are Your Rights and Responsibilities?  […]

IRS Extends 60-Day Rollover Deadline

Posted on April 17, 2020 by

In our recent blog post, The Early Bird RMD Doesn’t Get the Tax Relief Worm, we provided guidance regarding the suspension of required minimum distributions (RMDs) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).  We advised that if you already took your RMD for 2020, the CARES Act may allow you […]

Charitable Giving in the Age of COVID-19

Posted on April 15, 2020 by and

As many churches in our area celebrated Easter in their parking lots or over video recordings, we cannot help but think what impact the coronavirus is having on not just churches but other local nonprofit organizations in our communities.  Loss of jobs or lowered salaries have left many people cutting non-essential expenses, including club memberships […]

The Early Bird RMD Doesn’t Get the Tax Relief Worm

Posted on April 6, 2020 by and

In response to the COVID-19 pandemic, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law on March 27, 2020.  Ruder Ware’s COVID-19 Focus Team provided a summary of the CARES Act in a previous blog post.  In that post, they mentioned that the CARES Act suspends most required […]

How Do You Create a Valid Will in Wisconsin?

Posted on March 31, 2020 by

In our blog post on estate planning in the midst of the global COVID-19 pandemic, Melissa Kampmann and I noted that it isn’t possible to create a valid will in Wisconsin without two witnesses, and it isn’t the best practice to create a will without two witnesses and a notary public.  But there’s more to creating […]

Estate Planning in the Time of COVID-19

Posted on March 20, 2020 by and

In the midst of the global COVID-19 pandemic, many people are stocking up on food and other supplies to get them through prolonged periods of quarantine and government-ordered shutdowns.  Schools are closed and in some locations, businesses are also closing doors to visitors.  Yet people are concerned about planning for a potential incapacity or even […]

Federal Income Tax Filing Deadline Extended to July 15

Posted on March 20, 2020 by

Treasury Secretary Steve Mnuchin announced via Twitter that the tax filing deadline for federal income tax returns has been extended by 90 days to July 15, 2020. Earlier this week, the federal government extended the time for individuals and businesses to pay their federal income tax by 90 days, but did not extend the filing […]

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