Elder Law Today Podcast Show #9 Planning Needs of Elderly Parent with Disabled Adult Child

In show number 9 of his
podcast, Elder Law Today, practicing elder law attorney, Yale
Hauptman welcomes as his guest Lauren J. Siegel, a registered nurse
and certified life care planner. Lauren explains how she is
typically brought into lawsuits brought by parents of disabled minor
children and asked to devise a plan of care covering the various
needs that the child may have over his/her life.

Yale and Lauren then
discuss how this same planning is just as important to elderly
parents of adult disabled children. Parents must address care issues
for those children after they pass away and how to fund it. Yale
points out that any assets intended to fund that care must be
properly set aside while the parent is healthy or risk being spent
down entirely for the parent’s long term care needs, leaving
nothing for the child’s needs. Lauren offers some suggestions
for parents to consider.

Yale also introduces a
new “In the News” segment. He discusses a recent
Pennsylvania court case that highlights the need to be specific in a
power of attorney as to what gifting powers are given to an agent.
He also discusses a recent Connecticut case in which a child was held
responsible financially to pay mom’s nursing bill when he
failed to immediately provide all information and documents necessary
to complete her application for Medicaid benefits. Yale also updates
listeners on a bill introduced in Congress to extend the federal
estate exemption amount to $3,500,000 for 2010 and beyond and
highlights the continuing trend by employers to provide services to
their employees who are caring for elderly parents and loved ones.

This 9th
show is packed with important information that anyone who is elderly
or caring for, or concerned about, an elderly loved one, won’t
want to miss.

Click to listen to the show

Visit Lauren's LJS Healthcare website

To subscribe to our podcasts click here

Please send us your feedback