Lori Holzwarth Lori Holzwarth, a member of the Rotary Club of Scenic 7, spoke to fellow members about elder law in Arkansas.
She was born in Brinkley, Arkansas and now lives in Maumelle.
Holzwarth practices law at Hayden, Miron and Foster. She received her B.A. from the University of Arkansas in Little Rock in 1991, magna cum laude. She went on to get her J.D. in 1994 from the University of Arkansas in Fayetteville. Holzwarth was admitted to practice law in Arkansas in 1994 and in Missouri in 1996. Her specialties are estate planning, probate and business planning.
Holzwarth shared with Rotarians the pitfalls of having too much and too little money for retirement. Elements in common to both circumstances include the need for a plan, a living will and a limited power of attorney.
None of us are going to live forever and as we age there will be health issues that must be addressed. Long term care insurance is a viable option. This is something you need to think about and obtain before you get sick. A long term care policy can be tailored to fit cost and coverage.
Holzwarth talked about the good care provided by the Veterans Administration. She said the aid and attendance program provides care for Veterans with just one day of combat service. Changes in the policy require recent Veterans to have served one year in combat duty. Surviving spouses are eligible for care by the Veterans Administration.
She was born in Brinkley, Arkansas and now lives in Maumelle.
Holzwarth practices law at Hayden, Miron and Foster. She received her B.A. from the University of Arkansas in Little Rock in 1991, magna cum laude. She went on to get her J.D. in 1994 from the University of Arkansas in Fayetteville. Holzwarth was admitted to practice law in Arkansas in 1994 and in Missouri in 1996. Her specialties are estate planning, probate and business planning.
Holzwarth shared with Rotarians the pitfalls of having too much and too little money for retirement. Elements in common to both circumstances include the need for a plan, a living will and a limited power of attorney.
None of us are going to live forever and as we age there will be health issues that must be addressed. Long term care insurance is a viable option. This is something you need to think about and obtain before you get sick. A long term care policy can be tailored to fit cost and coverage.
Holzwarth talked about the good care provided by the Veterans Administration. She said the aid and attendance program provides care for Veterans with just one day of combat service. Changes in the policy require recent Veterans to have served one year in combat duty. Surviving spouses are eligible for care by the Veterans Administration.
For those covered by Medicare, the coverage does not exceed 90 days. Then, Medicaid takes over. Medicaid goes after every dollar it can often leaving the healthy spouse with only half of their assets. A long term care insurance can help the healthy spouse hold on to all of the family assets.
Holzwarth suggested Rotarians look into long term care partnerships on the internet or to ask local insurance agents.
She believes being prepared is the best defense against loosing assets.
The Rotary Club of Scenic 7 meets on Thursdays at noon. Lunch is optional.
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ReplyDeleteThanks for sharing
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