Tennessee Medicaid: TennCare Income Limits

To qualify for Medicaid long-term care benefits under the TennCare CHOICES program, an applicant must demonstrate financial need by documenting his or her monthly income and total assets. Both income and assets must be below certain limits in order to qualify for TennCare CHOICES. Each state administers its own Medicaid program, so the rules and […]

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Medicaid/TennCare: What Assets Can a Spouse Keep?

When applying for TennCare CHOICES, Tennessee’s Medicaid program that covers long-term services and supports, there are certain assets that are exempt assets. Exempt assets don’t count against the applicant when determining if they meet the program’s asset limits. Currently, those excluded assets include the homestead and any contiguous property (up to a certain equity value), […]

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2019 Update: Do I Have to File Taxes?

Around this time of year we get lots of questions about filing taxes.  To be clear from the beginning, a disclaimer:  while Elder Law of East Tennessee assists clients with many legal issues related to finances, but we do not practice tax law and are not CPAs.  If you have questions related to your taxes […]

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Beneficiary Designations and Your Estate Plan

When you open an account at the bank or with an investment firm, you may be asked to name beneficiaries who will receive those funds after you pass away. You may also name another person as a co-owner to help manage the account, especially if you anticipate a time when you will be unable to […]

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How Much Does Long-term Care Cost?

Given a choice, most of us would prefer to die peacefully in our sleep at a ripe old age after an active day of cooking dinner for our family, going out with friends, or puttering around in the garden. We prefer to imagine ourselves healthy and independent till the last. The thought of death is […]

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Paying In-home Caregivers: What You Need to Know About the Fair Labor Standards Act

Your mom, dad, or spouse are living at home, but their health is starting to decline.  They need some help with daily activities like cooking, dressing, or bathing or to prevent them from wandering.  You want to keep them in the comfort of their own home as long as possible, so you start looking for […]

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Placing a Parent in Long-term Care

When the time comes for a parent to transition into residential long-term care, things can get complicated very quickly. If a parent has not planned for their own aging process, finding the right facility that accepts their healthcare coverage and is appropriate for their unique needs can be daunting. If a parent has limited income […]

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What to Consider in Retirement Planning

Most people dream of the day they can retire, but many do not move beyond dreaming to planning. Retirement planning can be done at any age, but experts recommend starting as early as possible. It can seem like a daunting endeavor and fall to the back burner as day-to-day obligations take precedent, but answering a […]

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Major Changes to VA Benefits Eligibility Announced

Several months ago, the Veterans Administration (VA) released proposed changes to rules impacting qualification for Aid and Attendance benefits, which help pay long-term care costs for wartime veterans and their surviving spouses.  On September 18, 2018, they announced that the proposed changes will take effect on October 18, 2018.  These changes have a substantial impact […]

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ELET Partners with Financial Planning Association of East Tennessee

This September, Elder Law of East Tennessee joined the Financial Planning Association (FPA) of East Tennessee as a professional partner.  FPA partners are companies who do not necessarily offer financial planning themselves but whose services dovetail with financial planning.  As a partner, we participate in meetings, events, and continuing education with FPA members (who do […]

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