If you need assistance paying for healthcare and you are considering applying for Medicaid, here are some things you need to know about the program and about Medicaid eligibility, specifically. Medicaid is a government assistance program providing healthcare coverage to low income individuals, regardless of disability or age. Patients with Medicaid coverage are typically not required to pay anything for qualifying medical care, except possibly a small co-pay. Here is what you need to know about … [Read more...]
How Louisville Medicaid Planning Can Help Avoid Fraud
Medicaid fraud and abuse are not only against the law, but it costs billions of dollars every year in diverted funds that could have been used for legitimate health care services. Furthermore, fraud and abuse result in unnecessary increases in the cost of Medicaid. Even worse, fraud and abuse increase the risk of harm to patients who are unsuspectingly exposed to medical procedures that are not required. However, if you engage in Louisville Medicaid planning, with Gersh Law Offices, P.S.C., you … [Read more...]
Mistakes to Avoid in Fulfilling Your Executor Duties
If you have been asked to serve as an executor of someone's estate, you have an important role to fill. You now have the responsibility of settling that person's estate and you must remain impartial in doing so. Executor duties include taking possession and control of the estate property, paying creditors and taxes, and then distributing the remaining assets to heirs and beneficiaries. Executor duties also include providing the probate court with a final accounting at the closing of the estate. … [Read more...]
Revocable Trusts and How they Work
If you are considering different aspects of your estate plan, there are so many available options. Revocable trusts are one option to consider. There are various types of trusts to choose from. Whether you need a revocable or irrevocable trust depends on your overall estate planning goals. If you choose revocable trusts, there are a few things you need to know.What a trust is and how it worksA trust is basically a fiduciary agreement between the trustee and the grantor -- that is the … [Read more...]
Think DIY Wills are a Good Idea? You Might Want to Reconsider
If you are thinking that drafting your own will is a good option, maybe you should reconsider. Although do-it-yourself estate planning products like wills and powers of attorney have become more readily available, computer generated DIY wills simply will not compare to a professionally drafted legal document. Even if DIY wills appear to be professional, there are always certain dangers in using DIY products. The primary risk is that it may not work the way you expect or it may even be … [Read more...]
What the Executor of a Will Needs to Know About Probate
The goal of probate proceedings is to settle the estate of a deceased loved one. As an executor of a will, that means wrapping up the financial matters of the decedent, collecting property, paying debts, and distributing the remaining property according to the terms of the will or, if there is no will, according to the law of intestate succession that applies. If you need help, your probate attorney can explain the steps required in probate.Getting the probate process startedThe first step … [Read more...]
Louisville Probate Attorney Explains Role of Executor
If you have been appointed as an executor for a loved one’s estate, it may be helpful familiarize yourself with the basic duties of an executor in Kentucky. While each state has its own laws governing the probate process and the duties of an executor, there are some basic responsibilities that are common to all probate courts. Let a Louisville probate attorney explain this important role.The general steps in the probate processIn Kentucky, the probate process is begun in the district court … [Read more...]
The Difference Between a Revocable and Irrevocable Trust
Trusts are a very valuable component of a comprehensive estate plan. What some clients do not realize is that there are different types of trusts from which they can choose. For instance, a trust is categorized as either a revocable or irrevocable trust. So, what is the difference and which one do you need to accomplish your estate planning goals?Understanding the basic purpose of a trustA trust is basically a fiduciary agreement between the trustee and the grantor -- that is the person … [Read more...]
What do Estate Planning Attorneys do?
A common question many people have is: what do estate planning attorneys do? Well, estate planning is an area of the law that deals with planning how you want what you own to be distributed after your death. It also addresses different ways you can plan for your future and that of your family. In that regard, estate planning attorneys can provide the advice you need to successfully navigate through all of your available choices, both financial and otherwise.What type of work does an estate … [Read more...]
Kentucky Cabinet for Health and Family Services Provides Resources for Seniors
The Kentucky Cabinet for Health and Family Services is an important resource for Seniors. It serves as the home to most of the state's human services and health care programs, including Medicaid, the Department for Community Based Services and the Department for Public Health. The Cabinet is one of the largest agencies in the state of Kentucky, with nearly 8,000 full and part-time employees.Some of the Services Provided for Seniors by the Cabinet Adult Day Care Home Care Medicaid … [Read more...]
