The Elrod Firm

Topic: Long-Term Care Planning

No Crying In Baseball

Tom Hanks was wrong. There really is crying in baseball. At least there was on July 4, 1939, when Lou Gehrig addressed Yankees fans (and the world) one last time in a moving speech from Yankee Stadium. Although the purpose of his speech was to say goodbye, he opened by saying, “Fans, for the past …

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Don't Be Shortsighted - Plan for The Future

Don’t Be Shortsighted

Do you remember the Y2K “disaster” of twenty years ago? Tension was so high that TIME magazine ran a cover asking whether this was “The end of the world!?!” with bylines including “Y2K insanity!” and “Will computers melt down? Will society?” In what was described by TIME magazine as a “ludicrously shortsighted shortcut,” computer programmers …

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Do We Need a Miller Trust?

Justin, My mom isn’t far from needing to move to an assisted living facility or a nursing home.  We’ve been told she needs a Miller Trust?  How do we know if that’s true?  – Shannon Shannon, if your mother moves to an assisted living facility or a nursing home and hopes to qualify for Medicaid …

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How Can We Be Ready?

Justin, while visiting my parents for the holidays, I realized they have aged a lot over the past year.  I’m concerned about how they are doing both physically and mentally.  What should we be doing right now to make sure we’re ready for the next stage of their lives?  – Wayne Wayne, My advice to …

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Can We Keep The Home?

Justin, My mother will be moving into a nursing home next week. She owns a house and a car, and she has about $25,000 in the bank. The people I’ve talked to say she just needs to spend her money down to $2,000, then she can go on Medicaid. Is that right?

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