How to Pay for the Nursing Home: An Attorney's Perspective
Courses - Adult Enrichment / Money -
Adult Enrichment 2020-2021
The biggest fear for most baby boomers is how to pay for the nursing home and still leave an inheritance for the next generation. We will walk through the following questions and more including: How will I meet my nursing home goals? Is Long Term Care Insurance for me? What about home healthcare? Should I gift my money away? Would I qualify for Medicaid? What about my current Trust, does it protect my assets and avoid the nursing home? What is the 60-month claw back? What if my spouse goes into the nursing home and exhausts our money? Get the answers to these and other questions and learn how to create an effective plan to deal with these uncertainties.
Steve is the founding member of Ledin Law PLLC, a small business and estate planning focused law firm based in the East metro area. Steve cut his legal teeth with his start in the legal profession at Moore, Costello & Hart PLLP, a Twin Cities based law firm that laid claim as the oldest law firm in the State of Minnesota, founded in 1855. In 2007, Steve and his fellow law firm partner Jim Blaney formed Blaney & Ledin to enhance their specialization and representation of the legal interests of their small business and estate planning clients. In 2017 after over 20 years of successful legal practice, Steve founded Ledin Law PLLC in furtherance of his dedication to the legal work of small business and estate planning. Steve practices extensively in the areas of estate planning and corporate transactional law and provides legal advice to startup and developing companies, as well as mature small to medium sized companies. His services in estate planning cover a wide spectrum of clients varying in estate size, value, and complexity from young couples starting a life together, up to large well-established estates of significant value and complexity. In the transactional business area, he provides services on a wide variety of legal matters including business formation; mergers and acquisitions; buy-sell agreements; contract review and negotiation, real estate purchasing/leasing; and business succession. He works with dozens families and active businesses of a wide variety on a daily and weekly basis. Steve attended law school at William Mitchell College of Law and graduated with a Juris Doctor (Magna Cum Laude), after graduating from Saint Cloud State University and Macalester College with a Bachelor of Arts-Political Science (Summa Cum Laude). Today, Steve is the owner/proprietor of a number of active businesses and is currently serving his fifth consecutive term as the President and Board Chair of the East Side Area Business Association, as well as being active in numerous other business trade groups, associations and nonprofits.