Disability and special needs

Introducing: Edwards Group LLC Youtube Channel

Scheduling an initial meeting or attending a workshop can be a great way to learn about the legal tools available to you. But with the hectic nature of everyday life, watching a YouTube video can be a quicker and more efficient way to access basic estate planning information. Edwards Group is launching a YouTube Channel to help you accomplish your estate planning goals, regardless of how busy your everyday life is. Please click on the topics below to learn more from the Edwards Group’s Youtube Channel:

What is a trust?

What types of trusts are available to me? 

How can I find and pay for a good nursing home?

What is an Elder Law Attorney?

 What can I expect during the estate planning process?

What is life-care planning?

Why You Need Long-term Care Planning

One of the most important things an estate planning/elder law attorney can help you accomplish is taking good care of your loved ones as they age. Good elder law attorneys will also help find ways to pay for care. David Edwards, Estate Planning Attorney at Edwards Group LLC, explains how long-term care planning can help you accomplish these goals in the video below:

Scheduling an appointment or attending a workshop will help you learn more about the legal tools available to you. Your initial meeting with Edwards Group will last about 45 minutes. During that time you’ll talk with David to decide if he can be of any help to you and your family. Please contact Tarina at Tarina@EdwardsGroupLL.com to schedule an appointment today.

(Video) What is an elder law attorney?

As people live longer and longer, it is more and more important to have an experienced elder law attorney on your side. If you have a loved one who is aging, or are concerned about the issues of aging for yourself or a spouse, please read on to find out what elder law attorneys do and how to choose a good one…

Elder law attorneys work with families to solve problems related to aging. They meet with, and help, clients reach goals related to finances and healthcare. They often collaborate with other professionals such as financial advisors, life insurance professionals and tax professionals to ensure an effective comprehensive plan for clients.

In addition to general estate planning, elder law attorneys should have expertise in helping plan for incapacity (due to things like a stroke) or long-term care needs. When it comes to long-term care planning, elder law attorneys coordinate private and public resources to ensure the client’s right to quality care.

Founding attorney, David Edwards, explains a little about elder law attorneys in the short video above.

How do you choose a good elder law attorney?

Because elder law is a specialized field, it is important to ask some specific questions of any elder law attorney you are considering working with. It is important that you feel you can trust the attorney and his/her staff, otherwise you may not end up with effective solutions for your goals.

5 Questions to Ask an Elder Law Attorney

  1. How many Medicaid applications have you processed? Was the firm able to protect assets in most of these cases? Have you ever been turned down for an application?
  2. Are you accredited with the VA? As with many government programs, there are fairly strict standards that protect citizens from those looking to take advantage of seniors or Veterans. In order to be involved with a VA application, an attorney must be accredited by the VA. Read more about aging VA benefits here.
  3. Have you done VA apps for in-home care, assisted living and nursing home care? Each one is slightly different. Experience matters when it comes to the type of app your family might need.
  4. Do you have staff solely focused on helping families with long-term care issues? Helping families apply for public programs to offset the skyrocketing costs of long-term care is a very involved process. It’s probably no surprise that the bureaucracy of the process can be overwhelming (and tricky) for those who are not experienced with it. Mistakes during the process are very costly – emotionally and financially.
  5. Does the firm have free information to help families get started? This is a big decision.  Like we said above, you must be sure you can trust the attorney you choose to work with. Taking advantage of free educational materials is a great way to get to know the attorney. It’s also important to get to know his staff along with the general feel and philosophy of the firm. Not every family is a good fit for every attorney. It is a very personal decision.

You can read more about choosing an elder law attorney at the National Academy of Elder Law Attorneys’ website. Or, be sure to take a look at these additional articles on our website:

7 Ways Elder Law Attorneys Can Help if Your Loved One is Already in a Nursing Facility

9 Ways Elder Law Attorneys Can Help With In-home Care

Not Your Best Option: Life Estate Deeds

So, what are life estates or life estate deeds?

Sometimes, instead of using a trust, people will use a life estate deed to try and protect a house or farmland. This means they deed the land to their kids but reserve the right to still use the house or the farm as long as they are living. Because all of the instructions are contained in the deed itself, it can sound like a nice, simple solution. Life estates can seem like a cheaper and easier alternative to a trust…

But life estate deeds do not always work as advertised.

A Life Estate Case Study

The house had been put into a life estate a while back. The mom was now in a situation where she needed more care and was going to a nursing home. The family wanted to sell the house, but if they sold the house, then a percentage of the house would be considered an asset for the purposes of Medicaid. Even with good legal planning, some of the funds would have to be spent on nursing home costs, and the ultimate goal of planning is to protect your hard-earned money and assets (like your house) that you hoped could be a legacy for your family someday.We recently had a situation here at the office that is a good example of why life estates are generally not a good option.

4 Reasons Life Estates Don’t Work

1. They don’t protect ALL the value. People are surprised by how much of the value of their house or property is still considered theirs if they need Medicaid. This is all governed by a Medicaid table. (See it here.) So, what are the exact problems with life estates and why don’t life estate deeds “work”?

Here’s how that works: if someone is 65-years-old, Medicaid says that almost 68% of the house is still considered yours. At age 70, 60.5% is yours. At age 80, 43.66% of the value of the house still counts as yours. 

So what does this mean? It means that if you are 70-years-old, have a stroke and need to go to a nursing home, when your house is sold then 60.5% of the house sale money stays in your name and is exposed to long term care costs. This is true even if it has been more than 5 years since the deed was done.

2. You don’t own or fully control your house or property anymore. If something unexpected happens and you “need” to sell the property, you can’t without getting the kids to sign off on it, because they actually own the property. You don’t own it anymore (even though you have the right to use it for the rest of your life).

3. You can’t change who gets it after you are gone. With a deed, it’s a done deal. The house goes to your kids at your death — no matter what. There is no way to change it. So, if your child dies before you do, you can’t reconsider who the house or property goes to. It will go through his or her estate and be completely out of your control (even though you have the right to use it for the rest of your life).

4. Life estate deeds could prevent you from getting VA benefits. The VA sees things differently and assumes that any income interest or life estate you might have are entirely yours (and therefore counted as an asset). Depending on the situation, this could cause you to be denied VA benefits. For instance, farmland with a life estate would typically prevent VA benefits without further planning.

 What’s the Solution?

In contrast to the above issues with life estates, nest egg trusts can effectively address all of these issues:

• They can protect 100% of the value once 5 years has passed.

• You can be the trustee of the trust where your farm or home is kept, which means you can sell the property, buy a different house if you want, etc.

• You can reserve a rewrite power (called a “power of appointment”) so you can change who gets it at death. That way, if circumstances change, you can respond to them appropriately.

• A trust can be set up to allow VA benefits or be adjusted later to qualify for VA benefits.

Trusts are one of the best tools that we have in our legal toolbox to help clients, and our firm is one of the best at setting them up. If you are considering a life estate deed, please give us a call first to see if there are better options available for your unique situation.

As always, if you have any questions or concerns about estate planning or elder law, Medicaid planning, long-term care planning or Veterans benefits, please give us a call at 217-726-9200. We’d be more than happy to speak with you!

 

asset protection

Threats to Medicaid: Can You Prove It?

Cash payments or informal caregiver arrangements can affect your loved one’s ability to qualify for Medicaid upon going into a nursing home. Here’s what you need to know…

Giving Money to Family Can Jeopardize Medicaid Eligibility

When someone applies for Medicaid, the state looks back 5 years to see if any money was given away to the family. If so, the state imposes a penalty, or a delay of benefits. Sometimes money was clearly given to the family. Other times, it was used for the loved one, but the family can’t prove it. Check out the case below for a specific example.

Michigan Family’s Benefits Delayed – No Proof of Expenses

Betty Jensen was aging and suffering from dementia. She remained in her own home, but started needing more and more assistance to stay there. In May of 2011, her grandson (Jason) acted on her behalf and hired someone to be Ms. Jensen’s caregiver.

When he hired the caregiver, Jason did so informally without a written contract. For nearly a year, Jason paid the caregiver using almost $19,000 worth of Ms. Jensen’s assets. In March of 2012, Ms. Jensen’s dementia progressed to the point where she had to enter a nursing home.

In April of 2012, Jason applied for Medicaid benefits to help offset the cost of his grandmother’s care. While she was found eligible for benefits, the Department of Human Services (DHS) penalized her for “divesting” funds. They classified the payments to the caregiver (along with some other “gifts”) as “divestments.” That meant her Medicaid benefits were delayed for 7 months and 2 days.

Sadly, Ms. Jensen died before Medicaid started covering her nursing home expenses. (In Central Illinois, this delay would have cost Ms. Jensen and/or her family approximately $35,000!)

Her grandson appealed the ruling and lost, because the payments were made to the caregiver without a written agreement that should have been put into place before care began. The case was appealed several more times with varying results, but ultimately the courts sided with DHS, stating that an agreement with a caregiver needs to be written and official.

Caregiver Agreements in Illinois

The above case happened in Michigan, but the same thing could have easily happened in Illinois. The problem with paying cash for caregivers or hiring home help without any documentation is that there is no proof where the money went. Any “gifts” can cause a delay in benefits. And if a family member is taking out large amounts of cash or writing checks without documentation, the caseworkers may assume they are gifts.

Read more about ways elder law attorneys like us can help with in-home care: 9 Ways Elder Law Attorneys Can Help with In-home Care

The Complex World of Medicaid

Medicaid is our country’s largest healthcare benefits program, paying 70% of all nursing home bills in the US. One in six Americans are covered by it. The laws governing Medicaid are some of the most complex and confusing laws in existence. They are often nearly impossible to understand without highly experienced legal assistance. Without proper planning and advice, many people unnecessarily jeopardize their future care, their well-being, and the security of their family.

Medicaid Planning Can Help Even if You’re Already in Nursing Care

Medicaid planning (or what we here like to call Life Care Planning) ideally should be started when you are still able to make sound legal and financial decisions. (Somewhere around the age of 65.) That way you can still have control over what you want and how you want to live.

What many don’t know is that even if you’re already in a nursing home, it’s rarely too late to do planning that can save some of your financial resources. Read our article, “7 Ways an Elder Law Attorney Can Help Even if Your Loved One is in a Nursing Facility

To find out more about how to avoid the crushing costs of long-term care by planning ahead at every stage of life, make plans to attend our upcoming workshop – Aging With Confidence: 9 Keys to Wise Planning & Peace of Mind. Give us a call at 217-726-9200 to sign up today!

The Top 2 Concerns of Planning

When a loved one is facing long-term care the first concern people have when they come to us for planning is how to get the best care possible. The second concern is how to pay for it.

Getting Good Care

People come to us worried about an aging family member or friend all the time. Their primary concerns are making sure their loved one is provided for, making sure they’re safe and getting the medical care that they need, while helping them have quality of life as much as possible. And these are the primary goals for our firm as well. We want to help decrease stress, increase quality of life and preserve family relationships during the last decades of life.

Paying for Care

This is the issue that usually adds the most stress for families because they don’t know where to turn or where to get good advice about the options that are out there. The scary truth is that a lot of people are given wrong information and think there’s nothing that can be done if you can’t afford care on your own.

In reality, there are many planning tools that we can use to protect assets and gain benefits, even if someone is already in a nursing home. Our firm finds ways to maximize benefits available to pay for care, and protect some of the assets that mom hoped she would leave her family someday. Even if somebody’s been in a nursing home for months or years, it’s oftentimes not too late to get benefits to pay for care.

As long as somebody is writing personal checks to the nursing home every month, it is not too late to plan and save some of those assets.

The key is working with an experienced elder law attorney. Most “estate planning” attorneys just do what we call “death planning” (last will and testament, etc.), but elder law attorneys (like Edwards Group) have specialized training and expertise, and that means we deal with Medicaid and VA benefits every single day. We help you use the legal tools to their full advantage. And that means, in most cases, we can qualify someone for benefits faster than they ever expected, get more benefits than they ever expected, and in the end, protect much more of their life savings than they thought possible!

apply for medicaid; medicaid eligibility

6 Reasons You Should Never Apply for Medicaid On Your Own

While it may seem like a good idea that things like Medicaid applications and Veterans benefit apps are accessible and do-it-yourself, as with many things relating to government, it’s really not that simple. There are many things that can go wrong when people apply for Medicaid without the help of an experienced guide.

Here are six reasons you should not apply for Medicaid without the help of an experienced elder law attorney:

 

1. You’ll lose all your hard-earned money.

Typically, when someone goes into a nursing home, the admissions people or case workers at the home tell people, “Spend all your money and then let us know when you’re ready to apply for Medicaid.” The best solution they can offer families is to “spend down” every dime of their hard-earned money on the astronomical price of nursing care! Planning with an experienced elder law attorney who is familiar with the ins and outs of Medicaid, oftentimes results in protecting 50% of the life savings so it can be used for later expenses or as a legacy for your family.

2. You’ll go crazy with the stress of the complex and bureaucratic process.

If you’ve been an adult for any amount of time then you know how difficult it can be to deal with government agencies. We have endless stories of families who get caught up in the paperwork, losing money and time with their aging loved ones while they “fight” the process trying to qualify and apply for help through Medicaid. (The picture above is three Medicaid applications before we sent them off for approval. It’s A LOT of paperwork!)

3. You (or your loved one) will be left with $1 a day to live on.

Without proper Medicaid planning, all your funds will have to be “spent down” in order to allow the Medicaid benefits to begin. This basically means that your family will have to spend their own money if you need something outside of the included costs of the nursing home. Learn more about that when you subscribe to our Medicaid Planning e-course.

4. You may not qualify for benefits because of a simple error on the Medicaid application.

Again, we have a lot of stories about families who filled something out wrong, didn’t get something in on time or didn’t phrase something just right. We also have stories about the caseworkers themselves making mistakes that disqualified the families. These mistakes are just too costly.

5. Delays in the application could cost tens of thousands of dollars.

People who apply for Medicaid benefits on their own can take longer to jump through all the hoops which can delay the start of money to pay for care. On average, it takes us 6 to 8 weeks to get a Medicaid application filed, but it can take a year or longer to get approved. That timeline can be even longer when people try to do it on their own. We have 2.5 team members who are dedicated to this process alone, and they are experts at what they do. (Read about our Elder Care Advisor, Melissa Coulter.)

6. You won’t have anyone to turn to for help.

Filling out a Medicaid application is unlike anything you’ve ever done before and much more difficult than most people imagine. You don’t have to do it alone. Relying on the knowledge and expertise of a trustworthy elder law attorney who has been down this road hundreds of times before is invaluable. We know this because we have people come to us all the time who have tried to do a Medicaid application on their own and failed. We absolutely hate to see this. We also hear from grateful clients on a regular basis who are so glad they turned to us for help. (See a testimonial like this below.)

Medicaid Planning is Some of the Best Money You’ll Ever Spend

The cost of an elder law attorney who helps you plan and apply for Medicaid is more than offset by what you save in out-of-pocket nursing home costs. Without an attorney, all of your family’s money will inevitably go to the nursing home. With the help of an elder law attorney, even after legal fees, you’ll be left with more money than if you had done the application on your own. If the money is going to disappear anyway, why not use that money to pay an attorney who will guide your family through the stressful benefits process as quickly as possible, maximizing the money available to pay for care?

With good planning, you are more proactive; therefore you get much better results. (It’s a lot like using an accountant to make sure you don’t pay too many taxes.) Working with an elder law attorney insures that you get the best possible result instead of the worst possible result. And the worst possible result is what most people believe they HAVE TO DO when it comes to paying for nursing care — spend all their money until it’s gone. The best possible result means pursuing all the benefits that are legally available (like taking all the possible tax deductions when working on your taxes), and protecting your hard-earned money so it’s available to you and your family to use later on.

Here’s what one of our clients had to say about the process after it was done:

“I want to thank you again for all your hard work in helping my family. It has meant so much to have someone to answer questions, explain things and especially hold my hand through this amazing journey. I had moments where I wondered, ‘What am I doing spending [so much] of my parent’s money?’ Then I would wonder if we were ever going to get everything transferred, completed and filed. [When] I began to see the light at the end of the tunnel, I knew in my heart we had made the right decision. The professionalism shown by Edwards Group, which includes [Melissa] and Dave, has far exceeded my expectation. On behalf of my family, thank you again for all the phone calls, emails, texts, and especially the support. You have been amazing.”  DC from Glendale, MO

If you’d like to continue learning more about Medicaid Planning and how an experienced elder law attorney can help make the process of applying for Medicaid faster and less stressful, be sure to check out our FREE Medicaid Planning e-course. You’ll receive several emails in succession telling you about the Medicaid application process while also giving you tangible steps you can take to begin the process. If your family is in a nursing home crisis situation, please call us right away at 217-726-9200. Our staff will be happy to assist you and answer your questions.

4 Periods of Planning for a Nursing Home

We got another one of those calls the other day. It went something like this: “Mom has been in the nursing home for 3 years now and her money is gone. Is there anything we can do?” Our hearts sink when we hear this, because for this family, it’s too late for a lot of planning options.

How do you deal with a parent or spouse who can’t stay at home anymore? It’s one of the most stressful things a family can face. Few know what to do because they have never faced this issue before.

The key is the earlier we can plan, the more we can do, the more assets we can protect, and the easier we can make it on the family.

Generally, we see 4 different periods of planning. How much we can do declines as time passes.

1. Too late. When the money has all been spent on the nursing home over several years, it might be too late to protect assets. But we can help the family deal with all the mountains of paperwork and complete the Medicaid application. Oftentimes, our Medicaid team spends 40-50 hours completing a Medicaid application! How long would it take someone less experienced? We can help take the stress off of the family.

2. Not too late. “Mom’s Medicare coverage for nursing home care runs out in about 3 weeks. What do we do?” At this point, the family hasn’t spent any of mom’s money, but in 3 weeks they will start spending A LOT of her savings on the nursing home. (Around $6500 per month in Central Illinois.) We can still do a lot for this family. We call this a “crisis plan” and we move quickly to maximize Medicaid and VA benefits. Often we can still protect 50% or more of mom’s assets.

3. Protect your nest egg. What if mom is still living at home, but her health is going downhill? The family sees a point in the future when she will need care. So how do you plan ahead? One option is to create a special kind of trust, a Medicaid Asset Protection Trust, to protect the nest egg. The nest egg includes the assets she doesn’t plan to need or spend during her life. Maybe we protect the house or some savings or investments, while still leaving enough for her to continue to live well. Whatever assets were placed in the trust will be 100% protected once 5 years have passed.

4. Best option. The absolute best option is to buy long-term care insurance when you are still young and healthy. Often it’s too expensive or not available once you hit retirement age. Those who buy good long-term care insurance can rest easy, knowing the insurance company will help pay for their future care, instead of it coming out of their family’s inheritance.

For more details on how nursing home crisis planning works, click here to read a case study. To learn more about Medicaid Planning, sign up for our free 3-part email series on the topic.

For immediate assistance, please call 217-726-9200 and speak with an Elder Care Advisor. To learn more about planning ahead and planning for every stage of life, make plans to attend our next workshop, Aging With Confidence: 9 Keys to Wise Planning & Peace of Mind.

3 Ways to Pay for a Nursing Home

It’s difficult to face, but statistics show that 70% of people who reach the age of 70 will need some sort of long-term care (like a nursing home). The need for long-term care can arise because of stroke, dementia or any number of health problems. When that happens, you and your family will have to figure out a way to pay for it. There are really only three ways to pay for long-term care:

1. Use your own assets or income to pay for care. You could use your savings, your pension, your Social Security, your IRA, your investments or sell your house to pay for care. Even the wealthiest of people generally have trouble doing this for any length of time because the average cost of nursing care in Central Illinois is around $6500 per month! With the average nursing home stay lasting nearly 2.5 years, that’s $195,000!

2. Let the insurance company pay for it. If you buy long-term care insurance, or buy a life insurance policy with a long-term care rider, when the time comes your family won’t have to use their own savings. If you can purchase long-term care insurance early enough, this can be a good option for helping pay for care. However, there will come a point in life when purchasing LTC insurance just isn’t an option.

3. Use benefits paid for by your taxes. Many people do not want to rely on government help as they age, yet 70% of nursing home residents rely on Medicaid to pay the exorbitant costs of care. Until something changes, this benefit will continue to play a vital role in making sure people get the care they need as they age. You’ve paid a lifetime of taxes. Why not use this benefit just like you use Medicare or Social Security? Another very important benefit in paying for long-term care is the Veteran’s Pension and Survivor’s Pension Programs (often called “Aid and Attendance”). This benefit is available to a wide range of Veterans who often do not even know about the program. (Only 28% of those eligible actually take advantage of the program.) It is a great help in providing in-home care or nursing care.

The key is to plan ahead as to which of these options you hope to use to pay for your care. The tragic family situations regarding long-term care happen when people don’t plan ahead and then are surprised or having an immediate crisis which results in a worst-case scenario of depleting their life savings.

5 Problems Caused by VA Financial Planners

There are financial planners out there who hold themselves as VA planners offering “free” VA benefit advice, but their “free” advice often comes with a hidden price.

Non-attorney Planning Tactics Can Backfire

David and Chris were in Atlanta a few months ago at the Academy of VA Pension Planners. It’s one of many professional organizations that David belongs to in order to make sure the firm serves our clients better than anyone else. The AVAPP solely focuses on helping Veterans, and their families, get the benefits they earned in service to their country.

Did you know that only 28% of Veterans who qualify use their benefits? And as one of the only law firms in Central Illinois to be accredited by the VA, we want to make sure that everyone who has served our country gets to age with dignity and receive the best care possible.

There are some financial planners who hold themselves out as VA planners offering “free” VA benefit advice. Some are very knowledgeable, but there are some problems with the “free” advice that you need to watch out for.

5 Tactics that Non-attorney VA Planners Use

1. Transferring the house to the kids

Maximizing VA benefits sometimes means rearranging assets. One mistake we have seen is transferring a house to the children. While this will help work for VA benefits (allowing the house to be sold without messing up benefits), there are problems with this strategy. One problem is when the house is later sold, the kids will pay capital gains taxes that could have been avoided. By putting the house in a Veterans Asset Protection Trust, we could get the VA benefits but also avoid the capital gains tax later.

2. IRAs and taxes

Because the VA has asset limits, sometimes IRA accounts must be moved to qualify for benefits. Without proper tax planning, some families incur a huge tax bill that could have been avoided. Instead, working with an experienced attorney can help you consider all the planning options and the tax impact.

3. Annuities with long surrender charges

Often, the “free” VA advice comes with a recommendation to tie up assets in an annuity with long surrender periods. Is anything really “free” in this world? Unfortunately, some families do not realize that the VA financial planner they are relying on is ultimately trying to sell them costly and expensive annuities that tie up their assets far into the future. (This is how the financial planner makes his living.) Instead, a Veterans Asset Protection Trust can help you protect and arrange assets, while allowing your family free access to the investments held in the trust. You need to consider all of the legal and financial tools to see which is best. Unfortunately, non-attorneys often ignore legal tools, such as trusts, even though they may be the best option to help qualify for benefits.

4. Transferring assets to children

Some non-attorney planners transfer assets to the kids so the client can get VA benefits. So, what is the problem with that? If the client needs more care down the road, the funds may have already been spent by the kids. Plus, the gift could keep them from qualifying for Medicaid. (And 70% of nursing home residents use Medicaid to pay for their care.) Transfers of assets must consider both the current goal (VA benefits) and future needs (such as Medicaid benefits to pay for nursing care). By working with an attorney experienced in both VA and Medicaid planning, you can have a flexible plan that considers future health needs.

5. Messing up wishes

Another strategy that non-attorney planners use that can backfire is to transfer the parent’s money to one child in order to qualify for VA benefits. However, that strategy then changes the entire estate plan because one child legally ends up with all the money (unless they voluntarily share it with their siblings, and sadly, we’re experienced enough to know this happens much less often than you think). Instead, once again, the Veterans Asset Protection Trust is a great tool to preserve your wishes after death, but still help you qualify for VA benefits now.

Call 217-726-9200 if you have any questions at all. We will be more than happy to talk with you.

6 Things To Do BEFORE Your Parents Go To a Nursing Home

Taking care of these 6 things will save you time, money and heartache.

The decision to go into long-term care is rarely an easy one, but there are several things you can do to make sure the transition is a little easier:

1. See if your parent or loved one qualifies for additional financial benefits to help pay for their care. You may be surprised that, with good legal planning, your parents may qualify for benefits to help pay for care. Those benefits will help with the mounting costs of a nursing home, which now average over $200 a day. Every family should get a review by an experienced elder law attorney before giving up on the prospect of additional benefits. Many families miss out on benefits for which they could qualify, because they wrongly assume “nothing can be done now.”

2. Discuss end-of-life options. This is never an easy conversation, but it is vitally important! Just this week I heard of a situation where the elderly mother had to be placed on a ventilator because she had not prepared end of life documents. 7 of her 8 children agreed to take her off (because of a conversation she had had with one of the adult children), but the eighth adult child certainly made it more difficult for her mother and her siblings by refusing. Click here for practical ways to start this conversation and the types of thing you need to find out from the discussion.

3. Choose a facility that offers options for the future. Nobody likes to move, but think about how that must feel when you’re 85? By choosing a facility that offers a range of care, you may minimize having to move your parents as their health declines. Because we help people with these issues all the time, we know quite a bit about local facilities and enjoy being a resource for our clients as they are making these difficult decisions. Give us a call if you have questions about local facilities.

4. Know who can make important decisions. Once your parents move into a facility, it is best if they legally designate “helpers” to make decisions if the time comes that they can’t. A power of attorney is an important legal document that authorizes someone to represent or act on your behalf. They will need two different power of attorney documents: one for medical decisions (like in #2 above) and another for financial decisions.

5. Don’t take valuables into the facility. Your mom might really take comfort in having things like her jewelry with her, but if that jewelry is very sentimental or valuable, you should never let it go to the nursing home with her. It is far too easy for valuable things to disappear in long-term care environments.

6. Talk to your parents about important things like family history before it’s too late. While it is really important to take care of financial and legal responsibilities as your parents age, there are some things that will be lost forever once your parent is gone. Now is a good time to talk to them about things you’ve always wanted to know, but never asked – family recipes and the stories behind those recipes, or stories of your family’s immigration to this country and where those ancestors are buried. While these things may not have financial value, most people agree that things like this are irreplaceable. Check out our infographic on 10 Non-financial Planning Issues here.

As always, we hope that you’ve found this list to be a valuable resource. At Edwards Group we truly desire to help make this stressful time a little less stressful. If you have any questions or concerns, give us a call today at 217-726-9200 and we’d be happy to help.