elder law

Medicare

Medicare was enacted in 1965 as one of President Lyndon B. Johnson's Great Society programs. The current version of Medicare can be found at 42 U.S.C. § 1395 et seq. The Medicare system was originally administered by the Social Security...

Old Age, Survivors, Disability Insurance (OASDI)

The Old-Age, Survivors, and Disability Insurance (OASDI) is a federal insurance program that provides benefits to retired and/or disabled workers and their dependents (spouses, children) and to survivors of insured workers. The OASDI is the...

personal guardian

A personal guardian is an individual, appointed by a court, who has custody of the ward (generally, a person who is a minor or legally incompetent) and the authority to make personal decisions for the ward.

For example, in...

professional guardian

Professional guardians are typically trained and licensed professionals who are paid to take care of incapacitated person, also known as the ward. Many professional guardians have backgrounds as lawyers, doctors, or social workers. They are...

springing durable power of attorney

Springing durable power of attorney is a type of power of attorney that lasts when the principal is incapacitated and does not take effect immediately. Durable power of attorney allows the powers of the attorney to continue when the principal...

supplemental needs trust

See: Special needs trust

[Last updated in October of 2021 by the Wex Definitions Team]

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