novato family law attorney

novato family law attorney
1) What documents should I have in my estate plan?

Any person over the age of 65 years should have the following documents: a will, a health care power of attorney and a financial power of attorney.

2) What is a living will?

A living will is also known as health attorney. It allows you to designate another person to the health decisions in the event you are unable to make it for you. For example, if you are unconscious or incompetent, your health care agent will make all necessary decisions about your care. You can create your desires in the document so that your agent knows what you are in your name.

3) Will the state of my house if I lived in a nursing home?

No. The State of Rhode Iceland is not your primary residence at any time while you are alive or your spouse lives. The state may be a lien on your property after death, at which time the house must be sold to the lien. However, the lien is while you are alive, and if you leave a spouse living in the residence, the lien expires at your death.

4) What steps should I use to protect the house from the nursing home costs?

One of the best ways to protect your estate plan is to give the title of your home with your children while retaining a life estate. The life estate can you live in the house for the rest of your natural life, while the transfer of title of the house to the children. This method offers a comprehensive protection for the house after the current sentence has expired and no negative tax consequences.

5) Are there any means for me to regain control over my assets while protecting them from the reach of nursing homes?

The short answer is no. The basic principle is that if you can achieve or control your assets, then the nursing home and to take control of these assets. There are different ways of asset protection, which can be used and you should seek our advice.

6) What law governs the policies and government regulations?

The regulations of the state of residence will be responsible for all medical assistance decisions. The system is regulated by the federal government, but locally regulated. Each state has its own enforcement procedures which must be adhered to strictly.

David is a Rhode Slepkow Iceland RI lawyer. He practices in the Slepkow Slepkow & Associates, Inc. in East Providence, Rhode Iceland. Please go to http://www.slepkowlaw.com for more information or to contact David Slepkow.