Oklahoma City Elder Law Attorney

Older Americans face a number of issues regarding health care and estate planning that should be addressed sooner than later in order to avoid certain kinds of financial and tax penalties. At the law office of Donna J. Jackson, Attorney at Law, PC, we evaluate our client's financial situation in order to create an estate plan custom-fitted to our clients' needs. We work regularly with adult children in reallocating assets and transferring home titles in order to qualify their elderly parents for Medicaid. As a Certified Public Accountant, Ms. Jackson understands what steps need to be taken in order to avoid Medicaid look back penalties and certain forms of estate tax when reallocating assets. Our office has extensive experience in working with adult children who live out of state and need to establish a trust or provide "half a loaf planning" for an elderly parent still living in the state of Oklahoma.

For more information regarding Medicaid eligibility, trusts, and estate planning options for the elderly, contact elder law attorney Donna J. Jackson today.

Elder Law - Considering the Tools and Options Available to You

The law office of Donna J. Jackson advises and represents clients in regard to the following:

• Trusts
  • Revocable / Irrevocable
  • Testamentary
  • Special Needs Trust
  • Pet trust
• Qualifying for Medicaid
• Reallocation of Assets
• Transfer of a home title or deed
• Creation of a will
• Guardianship / Conservatorship
• Undue Influence

Healthcare Planning and Elder Law

While Medicare benefits can be used in situations involving short-term care and brief stays in the hospital, it does not pay for long-term care, in-home nursing care, or institutional care. In order to cover long-term healthcare needs, most older Americans must apply for Medicaid. However, in order to qualify for Medicaid benefits, certain income requirements must be met. If an elderly person does not meet these requirements, they must spend down their assets, often resulting in the loss of their home and the depletion of their savings.

As an estate planning lawyer, Donna J. Jackson explains how the creation of different kinds of trusts or the reallocation of assets can help an elderly person qualify for Medicaid without becoming impoverished in the process. Since Medicaid currently has a 5 year look back period, if an ailing, elderly spouse or elderly parent is in need of long-term medical care, taking steps now can help them avoid financial penalties later.

Need Additional Information about Your Options? Contact Donna J. Jackson

There are a number of financial, tax, and legal issues to consider when planning for long-term healthcare and the needs of elderly people. As a CPA and estate planning attorney, Donna J. Jackson has the experience, knowledge, and resources needed to help elderly people and their families find solutions that work for everyone involved.

To schedule an appointment and discuss how we can help you, contact elder law attorney Donna J. Jackson today.