Leading Estate Planning Firm Haiman Hogue Reveal Medicaid Planning Advice On World Alzheimer’s Day – Arlington, TX

For World Alzheimer’s Day on September 21, estate planning lawyer Guy B. Garner, III, Senior Attorney at Haiman Hogue in Arlington, TX, details advice for Medicaid planning that many people are unaware of. For more information please visit https://www.haimanhogue.com

Arlington, TX, United States – August 31, 2020 /MM-REB/ —

In a recent interview for World Alzheimer’s Day on September 21, leading estate planning lawyer Guy B. Garner, III, Senior Attorney at Haiman Hogue in Arlington, TX, revealed advice for Medicaid planning that many people are unaware of.

For more information please visit https://www.haimanhogue.com

When asked to comment, Garner said, “It’s no secret that Alzheimer’s is a life-changing disease which requires the patients to receive round-the-clock professional care in a nursing home at some point.”

The great news, he said, is that many people are eligible for getting their nursing home expenses covered by Medicaid.

However, many people are unprepared to cover these expenses with Medicaid and other assets when their family members are stricken with advanced dementia or diagnosed with Alzheimer’s.

“The best thing to do is to put together a solid estate plan that includes Medicaid planning before Alzheimer’s disease progresses or becomes more advanced.”

One reason that makes this so difficult, according to Garner, is that many families are in denial when a loved one is at the beginning stages of mental decline.

“Early planning is vital when the person in question still has the mental capacity to make financial decisions and to put a robust financial and legal plan in place. This will work toward ensuring that all medical-related and other expenses are covered,” he added.

According to Garner, if no action is taken and someone is diagnosed with Alzheimer’s, then it’s likely their family will find themselves in guardianship proceedings. This means that the court could ultimately control what happens with the person and the subsequent transfer of the loved one’s assets.

When asked to explain further, he said, “One of the major downsides to this is that the court might make a judgment that runs contrary to the wishes of the person with Alzheimer’s and that person’s family.”

Garner said that it’s better to be prepared for the worst-case scenario and to secure control of the assets.

“If you’re suspicious that your loved one is slipping mentally, then contact an experienced estate planning or elder law attorney to put all their legal and financial affairs in order and to create a solid Medicaid plan,” he said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Guy B. Garner
Email: Send Email
Organization: Haiman Hogue, PLLC.
Address: 690 E Lamar Blvd #115, Arlington, TX 76011
Phone: 817-261-5222
Website: https://www.haimanhogue.com

Source: MM-REB

Release ID: 88974828