Medi-Cal planning can help make nursing home expenses more feasible for you

Medi-Cal planning can help make nursing home expenses more feasible

If you have a friend or family member who has elderly parents, and is looking at the possibility of investigating the option of needing long-term care at a nursing facility, please share this article with them, as it contains important information that can help make nursing home expenses more feasible for them.

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Nursing homes are sometimes the best options for elderly people to get the long-term care they need. However, the costs can be prohibitive—in California, the average cost for a semi-private room is $249 per day, or $90,885 per year, and the average cost of a private room is $330 per day, or $120,450 a year.

Most people simply do not have this kind of money available. Fortunately, there are options to help you cover these costs, including benefits through Medi-Cal.

Medi-Cal is a state program that provides free or low-cost healthcare for children and adults who have limited resources and income. Many seniors are among those who apply. If you are handling care on behalf of an elderly parent or parents and are unsure of whether or not they qualify for Medi-Cal give us a call.

At Celaya Law, we work with clients of a variety of backgrounds to help maximize their chances of approved benefits through the Medi-Cal program. For people who are around or above the threshold for Medi-Cal qualification, we can assist by recommending certain financial or estate planning strategies that will make qualification for benefits through the program more realistic, including transferring assets into trusts, selling off assets and decreasing income.

For more information, contact us today and we will be happy to answer any questions you have about Medi-Cal planning.

Refer Your Friend to Celaya Law

Please contact us at Celaya Law Firm if you have any clients you believe could benefit from our services: (707) 492-3112.

Celaya Law is an estate planning law firm in Napa, California. Attorney Anthony Celaya helps families in Napa, Sonoma, St. HelenaCalistoga, and the surrounding areas with setting up wills and living trustsspecial needs planningasset protectionprobate administrationbusiness law, and retirement planning.

Advisors: Proper planning helps California citizens qualify for Medi-Cal

Advisors: Proper planning helps qualify for Medi-Cal

As an advisor, you probably have clients who are concerned about their ability to afford healthcare, especially during their retirement. Others might be in charge of managing their elderly parent’s finances and attempting to figure out how they will be able to make long-term care work financially for their loved one.

As you may know, there are various eligibility categories of Medi-Cal, including the following:

  • Income-Based Medi-Cal, for people at or below 138% of the federal poverty level
  • SSI-Linked Medi-Cal, for people who qualify for Supplemental Security Income (SSI)
  • Aged & Disabled Federal Poverty Level Medi-Cal, for seniors and disabled people
  • California’s Working Disabled Program, for people who are disabled and working with countable income up to 250% of the federal poverty level
  • Aged, Blind and Disabled—Medically Needy Medi-Cal, for people who have certain disabilities but an income too high to qualify for other Medi-Cal programs

As a trusted advisor, you can provide valuable assistance to your clients by connecting them with legal services that will help them get the healthcare coverage they need through Medi-Cal. There are a variety of estate planning strategies that can be used to help a person qualify for Medi-Cal benefits, and I have been providing those services through my firm for years.

If you have any clients you think could benefit from my Medi-Cal planning services, please feel free to contact me.

Refer Your Friend to Celaya Law

Please contact us at Celaya Law Firm if you have any clients you believe could benefit from our services: (707) 492-3112.

Celaya Law is an estate planning law firm in Napa, California. Attorney Anthony Celaya helps families in Napa, Sonoma, St. HelenaCalistoga, and the surrounding areas with setting up wills and living trustsspecial needs planningasset protectionprobate administrationbusiness law, and retirement planning.

Be a Good Friend – Educate Them About Advance Healthcare Directives

Advance Healthcare Directives

Do you have a friend who haven’t created their estate plan yet? If so, please share this article to them and help them understand the benefits of Advance Healthcare Directives.

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Nobody likes to think about their own mortality. But if you wish to maintain control over what happens to you if you get into an accident or become severely ill, it is important to consider your wishes for the worst-case circumstances.

Developing Advance Healthcare Directives ensures you leave instructions for doctors and family members about the types of end-of-life care you do and do not wish to receive. Not only will this provide you with some peace of mind, knowing you have clearly communicated your wishes, but it will also take a significant burden off your family members.

If you become incapacitated, your selected agent who has healthcare power of attorney will be in charge of making healthcare decisions on your behalf. Your advance directives will essentially make these decisions for them, preventing them from having to make a stressful and emotionally difficult decision by themselves.

When you work with Celaya Law, we will talk you through the process of developing advance directives and help you determine what the best choices are for your situation and your wishes. Then you can feel completely comfortable, knowing your loved ones will not have to deal with any additional, unnecessary stress if you become incapable of communicating your own wishes.

Contact us today and we will be happy to be your caring advisors during the difficult yet necessary process of developing your advance directives.

Refer Your Friend to Celaya Law

Please contact us at Celaya Law Firm if you have any clients you believe could benefit from our services: (707) 492-3112.

Celaya Law is an estate planning law firm in Napa, California. Attorney Anthony Celaya helps families in Napa, Sonoma, St. Helena, Calistoga, and the surrounding areas with setting up wills and living trusts, special needs planning, asset protection, probate administration, business law, and retirement planning.

What Financial Advisors Must Know About the New $11.2 Million Estate Tax Exemption

New $11.2 Million Estate Tax Exemption

As many financial advisors may know, the new Tax Cuts and Jobs Act raises the estate tax exemption to $11.2 million for singles and $22.4 million for married couples, both figures being about double what they previously were.

For many Americans who previously were right on the cusp of being affected by the estate tax, this provides them with ample breathing room in their financial planning. But now, there is a different set of high-wealth individuals and couples who need comprehensive financial planning to minimize their potential estate tax burden.

Perhaps the best way for you as a financial advisor to strengthen the relationships you have with your clients is to begin having discussions about the legacy your client wishes to leave behind:

  • What will they leave to their heirs?
  • What will they leave to charitable organizations?
  • How will they set their business up for success even after they are gone?

A truly comprehensive financial plan requires a focus on estate planning as well. The implementation of various types of trusts to reduce taxable income and pass down assets to beneficiaries is a highly beneficial estate planning strategy that aligns with the financial planning goals of your high-income clients.

Please let me know if you have any clients you believe could benefit from my services.

Refer Your Clients to Celaya Law

 
Please contact us at Celaya Law Firm if you have any clients you believe could benefit from our services: (707) 492-3112.

Celaya Law is an estate planning law firm in Napa, California. Attorney Anthony Celaya helps families in Napa, Sonoma, St. Helena, Calistoga, and the surrounding areas with setting up wills and living trusts, special needs planning, asset protection, probate administration, business law, and retirement planning.

Why It Is Important To Hire A Healthcare Proxy

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It is quite comforting to know that medical professionals today are ready to use various treatments and tools at their disposal to save our lives. It is also important to have the assurance that those caring for us at a time of crisis do so according to your desires and wishes.

Life-sustaining procedures such as feeding tubes, respirators, DNR orders, cardiac resuscitation, etc. might not be what you want. Treatment preferences usually reflect a person’s religious views and personal values.

If you become unable to communicate your healthcare decisions to the care providers, your treatment preferences could be at risk. Fortunately, you can use a Healthcare Proxy to ensure that your wishes are carried out.

What is a Healthcare Proxy?

It is a legal document giving specific instructions and rights regarding medical care. It ensures that the person’s preferences are adhered to in case he or she is unable to communicate their healthcare decision.

The Healthcare Proxy is designed to help you (the Principal) to select in advance the person that will be responsible for making your healthcare decisions if you become unable to make your own decisions regarding your health.

How Does a Healthcare Proxy Work?

It permits you to appoint an “Agent” who is allowed to make various medical decisions on your behalf if you are not able to communicate your wishes. The Healthcare Proxy can be more or less specific on the choices that you would like the Agent to make on your behalf.

The Healthcare Proxy goes into effect once the attending physician determines in writing that you are not able to communicate or make healthcare decisions yourself. If this determination is made on the basis of developmental disability or mental illness, the physician is required to consult with a specialist before making the final decision regarding the inability of the patient to make decisions.

Once it is determined that the patient is no longer able to make his/her own decisions, the medical facility will turn to the Agent named on the Healthcare Proxy to make healthcare decisions on his/her behalf.  The Agent’s authority ceases once the patient regains his/her ability to make informed health decisions.

How Do You Choose the Best Agent?

The Agent should be a person you trust to make significant healthcare decisions in certain medical situations including the use of experimental treatments, treatment options for patients in persistent vegetative states (very deep comas), and the use of feeding tubes (food delivered to the person’s stomach through a tube).

It is also important to consider the Agent’s willingness to follow through on difficult healthcare decisions. Disagreements may occur among relatives, physicians, and friends as to the proper course of treatment. It is during such times that the Agent should communicate your wishes and ensure that your expressed wishes are followed.

The Bottom Line

It is essential to have a Healthcare Proxy in place so that in the event of your medical incapacitation, someone with your authority will be there to ensure that the medical decisions are made according to your wishes. While some simple forms are available at nursing homes and hospitals, getting the more extensive forms and the associated counseling from an experienced elder law attorney is the best way to make a Healthcare Proxy more effective.

Schedule Your Consultation with Our Experienced California Estate Planning Attorney

Celaya Law is an estate planning law firm in Napa, California. Attorney Anthony Celaya helps families in Napa, Sonoma, St. Helena, Calistoga, and the surrounding areas with setting up wills and living trusts, special needs planning, asset protection, probate administration, business law, and retirement planning.

Schedule a planning session with our experienced Napa attorney today to learn how we can help you and your family: (707) 492-3112.