Ross Estate Planning assists clients in Door County, Kewaunee County, Green Bay, and throughout Northeast Wisconsin. With over 40 years of experience, we specialize in providing asset protection, estate planning, and business planning services to individuals and families, institutions, and business owners. In order to provide quality estate planning services, we believe educating the client and obtaining the right information is a priority. We offer clients and interested potential clients a complimentary estate planning book and a complimentary consultation with an experienced attorney.

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Frequently Asked Questions about Ross & Liebmann Legal Group, LLC

Is Ross & Liebmann Legal Group, LLC open on Sunday or Saturday?

Ross & Liebmann Legal Group, LLC is closed on Sunday and Saturday.
Ross & Liebmann Legal Group, LLC is open Mon-Thu 8:00 AM-4:00 PM, Fri 8:00 AM-12:00 PM.

What is the Penalty Period?

The penalty period is the amount of time Medicaid rules that you are not eligible for benefits due to gifts or reduced value sales that occur during the Lookback Period.

What is the Lookback Period?

The lookback is a duration of time Medicaid can review to determine if you have sold assets at less than their true value or gifted assets to reduce the value of your estate and qualify you for government assistance. The current Lookback period is 60 months from application for benefits.

What is Medicare?

Medicare is health insurance through the federal government. Medicare covers eligible individuals' health care needs but does not cover long-term care housing costs if the care is necessary for longer than just rehabilitation after an illness or injury.

What is Medicaid?

Medicaid is assistance from the federal government run by each site to provide financial help to individuals who need skilled nursing care. In Wisconsin, eligibility for Medicaid is determined by the value of a person's assets.

What is a HIPAA Release?

The Health Insurance Portability and Accountability Act of 2003 (HIPAA) creates privacy protections for medical information preventing doctors and hospitals from releasing your personal health information unless you otherwise specify in a HIPAA release. The HIPAA release allows the individuals you name to communicate with medical providers regarding your otherwise protected medical information.

What is Gifting Language?

This is special language that can be drafted and included with your Trust and Power of Attorney to authorize the gifting of assets if making the gifts help you qualify for medical assistance or other government programs.

What is a Divestment?

A divestment is the transfer of assets either as gifts or at less than their fair market value to reduce the value of an estate to qualify for government benefits like Medicaid.

What is a Living Will?

When you sign a Living Will, you tell your doctors your wishes about keeping you alive artificially in specific medical situations, and you authorize your Health Care Agent to consent to those procedures necessary to carry out your wishes.

What is Conservatorship? Guardianship?

A conservatorship, or guardianship, is a court-supervised proceeding to name an individual or entity to manage the affairs and assets of an incapacitated person. During incapacity planning, this is necessary where the person either did not execute a General Durable Power of Attorney before incapacity or when their General Durable Power of Attorney grants sufficient powers to the Agent to accomplish the planning goals.

Who is a General Durable Power of Attorney?

When you implement Power of Attorney, you are appointing someone else to act on our behalf for matters that do not concern medical decisions. This person is also known as your Agent or your Attorney-in-Fact. A General Durable Power of Attorney sets out the general (as opposed to medical) powers you are granting to your Agent. It authorizes them to act even after you become incapacitated.

Who is a Durable Power of Attorney for Health?

When you sign a Power of Attorney for Health, you appoint someone else to act on your behalf for medical matters. This person is known as your Health Care Agent.

Ross & Liebmann Legal Group, LLC - Green Bay, WI 54301 - (920)743-9117 | ShowMeLocal.com

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