Online resource center to help you explore these key issues, and others, regarding your estate.

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Mr. Miller has many years of experience in designing and implementing a comprehensive variety of Trusts, Wills, and other estate planning documents, as well as settling estates in the most expedient and appropriate method. Further, he counsels and assists clients on becoming eligible for VA benefits and Medi-Cal.

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VA Pension/Aid & Attendance/Medi-Cal

Mr. Miller has been active in the area of VA Pension and Medi-Cal for well over a decade. He uses various specialized types of Trusts as well as non-trust strategies to gain eligibility for his clients and save the family money.

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Probate & Estate Administration

Mr. Miller has been settling estates (both simple and complex) for well over 40 years. The starting point is always to create a strategy to settle the estate in the most efficient manner possible with a minimum of taxes. Often times the strategy created allows the family to bypass Probate Court proceedings.

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Don’t Be in Denial About Aging, Plan for It!.


By merv,

  Filed under: Blog, Elder Law, Medi-Cal Benefits, Senior Resources, Veteran's Benefits

Planning for government benefits is more important than ever. We have a heavily aging population and we are facing severe budgeting problems in Washington.  This will probably result in government benefits (Medi-Cal, for example) becoming more difficult to obtain due to stricter qualification guidelines.

Want proof.  The latest U.S. Census Bureau brief on data from the 2010 Census  shows seniors increasing faster than the younger population, raising the nation’s median age from 35.3 in 2000 to 37.2 in 2010, with seven states having a median age of 40 or older.

Between 2000 and 2010, the 45 to 64 population grew over 31 percent and now makes up greater than 26 percent of the total U.S. population. This rapid growth is due to the aging of the Baby Boomer generation. Each year more than 3.5 million Boomers turn 55. Their swelling numbers indicate that by 2012 America’s 50 and older population will reach 100 million. According to the UN Population Division, 1 in 5 people are expected to be 65 or older by 2035.

These numbers indicate that there will most likely be fewer government benefits in the future as the bulk of the working population retires with fewer people in the work force paying into social security and other government assistance programs.

Couple all of this with our basic human thought process.  As a recent article in Forbes, details, we tend to think we are much healthier than we actually are.  Of course, this is why many people don’t plan; simply put, they think nothing will happen to them.  Unfortunately, sometimes, things do happen for factors beyond the person’s control. Being unprepared can create issues that affect all of one’s loved ones.

Currently, of course, Medi-Cal Medicaid (for skilled nursing) exists as does the VA Aid & Attendance Improved Pension Benefit. (somewhat more limited in its payout but useful for not only skilled nursing but also assisted living or in home care).

Will these benefit programs be available as you age?  Probably not in their present form. So planning means proper estate planning documents, of course, but, also, proper investment and insurance.  In this case, insurance means long term care insurance.  Is it expensive?  As compared to what?   Destitution?  So it is important to at least investigate this insurance product.

 

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About Living Trusts

About Living Trusts is hosted by the Law Offices of Merwyn J. Miller, as your online resource center to help you explore these key issues, and others, regarding your estate.

Merwyn J. Miller, J.D.

  • Board Certified Specialist in Estate Planning, Trust & Probate Law
  • Co-Author of legal text book and of “Don’t Go Broke in a Nursing Home
  • Teacher of law courses at public and private colleges
  • Continuing Education Instructor for attorneys
  • Columnist for largest regional newspaper in San Diego County and professional journals for 15 years, Contributing author to the book “In Your Service: The Veteran’s Friend”
  • Masters Degree in Financial Services - Estate Planning
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