Georgia residents want what is best for their parents and loved ones as they age, and while keeping them in the house may be the best way to do that for some people, this is not an option everyone can avail. Regardless of where they reside, caring for an adult or even a child who is disabled over a long period of time can cause emotional and financial stress that many may not anticipate.
There may come a time when you realize that an elderly parent is best off living in a nursing home. Maybe you come to this conclusion because they've had a few accidents around home. Or maybe their doctor has expressed concerns about them living alone.
As Georgians age, they begin to have concerns about healthcare and where they will live. Several federal and state programs exist to provide answers to these questions. People who want to obtain Medicaid benefits must show that their income is below the state and federal limits, along with other requirements.
Many words have been written about meeting the challenges of caring for children with special needs. Somehow, the challenges of caring for adults with special needs has received far less attention.
Special needs trusts have become common estate planning tools for special needs children and adults. These trusts are so common that many parents of special needs children believe they can move from one state to another without jeopardizing any of the benefits that the trust provides. While this assumption may be true in the majority of circumstances, the failure to closely examine the requirements and regulations for special needs trusts in the destination state may deprive a child of essential federal and state aid.