Brain Injuries, Diminished Mental Capacity, Dementia
Brain injuries and chronic neurological conditions affect people's ability to manage their own affairs and take care of themselves. When this happens, certain legal protections and financial support structures are necessary to ensure someone suffering from dementia or brain damage has his or her medical and legal needs taken care of. At Blake & Associates, our attorneys work closely with the family members of someone suffering from diminished mental capacities due to an injury or illness. We explain and design trusts to meet the current and future needs of your family member while also evaluating the need for a guardianship or conservatorship for them. Our attorneys also explain how different estate planning tools can help you allocate assets, plan for Medicaid eligibility and reduce tax liability when setting up a financial plan for your loved one.
To learn more about how we can help you plan for the medical and financial needs of someone suffering from dementia or severe cognitive impairment, contact the estate planning attorneys at Blake & Associates.
Estate Planning Tools - Protecting People With Dementia
Employing a number of different estate planning tools, Blake & Associates can help you with the following issues when providing for the future financial security of a family member suffering from diminished mental capacities:
- Medicaid eligibility link to Medicaid Planning Mass Health
- Planning for institutional care
- Avoiding impoverishment
- Allocating assets and asset protection link to Asset Protection
- Guardianships, conservatorships link to Guardianships Conservatorship
- Powers of attorney link to Durable Power of Attorney
- Rogers guardianships and the New MA Guardianship Code link
- Healthcare proxies link to Healthcare Proxies
- HIPAA issues and HIPAA release forms link to HIPAA
Birth Injuries - Establishing Your Child's Future Security
Birth injuries involving a deprivation of oxygen can result in substantial brain damage and cognitive impairment. In order to ensure your child's future medical and financial needs are taken care of, our attorneys can design a special needs trust (also referred to as a "supplement needs trust") with any proceeds from a personal injury award or settlement. Doing so can help you qualify your child for Medicaid without having to first spend down their assets.
For more information regarding estate planning and how it can help people suffering from Alzheimer's, dementia or diminished mental capacities, contact the estate planning attorneys at Blake & Associates today.