Best majors for law school

FAQ Best majors for law school 

As you select your undergraduate major with the intent to apply to law school in the future, these are some of the leading majors to consider.
History. ...
Business. ...
English. ...
Philosophy. ...
Political Science. ...
Economics. ...
Arts and Humanities. ...
Psychology.

What do lawyers usually major in?
Undergraduate Degree Options. The educational road to becoming a lawyer begins well before law school. ... Popular undergraduate degree areas to consider include philosophy, economics, political science, journalism, and math.

Which majors do best on the LSAT?
Muller found that Classics majors are the best law school applicants, numbers-wise; this small group of students earned both the highest average LSAT (159.8) and the highest average GPA (3.477).
...
Average LSAT Scores by Major in 2018.
Major Art History
Number of Applicants 245
LSAT Score 157.4
GPA 3.51

Is Psychology a good major for law school?
Admission to law school requires no specific major and no specific prerequisite courses. Psychology is one of many undergraduate majors chosen by pre-law students. ... Many other psychology courses are beneficial to those who hope to engage in the study and practice of law.

Is Criminology a good major for law school?
Law schools generally do not care what your undergraduate major was. They care about grades. Work hard and graduate with the highest GPA you can muster. ... I believe that is because these close to law majors (e.g., prelaw and criminology) think they understand the law better, so they don't work as hard in law school.

What the best major for pre law?
Top 10 Best Pre-law Majors
Political Science - 9,612 admitted. ...
Other - 2,917 admitted. ...
Psychology - 2,960 admitted. ...
Criminal Justice - 2,220 admitted. ...
English - 2,564 admitted. ...
History - 2,657 admitted. ...
Economics - 2,373 admitted. ...
Philosophy - 1,858 admitted.

Is political science a good major for law school?
There are two good reasons to major in Political Science if you are serious about law school. ... However, it is not essential to major in Political Science in order to get into law school. Law schools are more interested in your grades and LSAT scores than in your major.

What do I major in to become a criminal lawyer?
While no specific undergraduate law degree exists for those who look to become criminal lawyers, criminal justice is a popular undergraduate field of study.
...
Criminal Justice Major
Criminal law.
Criminal investigation.
Law enforcement administration.
Criminology.
Legal reasoning.
Research in criminal justice.

Can you go to law school without a bachelor's degree?
Bachelor's Degree Usually Required. ... Some law schools may admit students without a bachelor's degree -- as of August 2013, Michigan's Thomas M. Cooley Law School was among those that will. This school cautions, however, that although the Michigan State Bar does not require an undergraduate degree, other state bars do.

Is a law degree worth it?
holders would recommend the degree to other people like them. ... Pre-recession law graduates are 3.7 times more likely to strongly agree that their law degree was worth the money, and 1.4 times more likely to strongly agree that they would still get a J.D. if they could do it all over again.Jan 26, 2018

Can you go to law school with any degree?
Pre-Law Studies. Before you go to law school, you'll need a bachelor's degree. Law school applicants aren't required to have any particular major for undergraduate education. In fact, the American Bar Association (ABA) encourages students to study any subject they find fascinating and challenging.

Should I major in criminal justice before law school?
Though research and writing are part of a criminal justice degree, they may not be as prominent as in other degrees. Students may actually benefit more from other undergraduate majors for their law school preparation. ... Those who majored in criminal justice had an average LSAT score of 146.

Can you major in criminology to be a lawyer?
A major in criminology can give you a strong foundation for understanding the criminal justice system, but it's not sufficient to become a lawyer. To practice law, you'll need to attend law school, take the bar exam and be licensed by your state's bar association.

Can you become a lawyer with a criminal justice degree?
A:In order to become a lawyer, you must complete a bachelor's degree and then further pursue a professional law degree such as the Juris Doctor degree. You can specialize in disciplines such as Criminal Justice, Law Enforcement, family law etc. You must also pass the bar examination in your state and acquire a license.
ome-a-lawyer

Can I become a lawyer with a political science degree?
Graduating a degree in Political Sciences can give you the necessary preparation to pursue a career in Education. With a teaching certification and a degree in Political Science, you can try making a name in the teaching profession. A Bachelor's degree may qualify you to teach elementary school level Social Studies.Aug 25, 2017

What degrees do most lawyers have?
Essential Information. Potential lawyers need Juris Doctor (J.D.) degrees to practice law. ...
Undergraduate Degree. A bachelor's degree is required for admission into law school. ...
Juris Doctor (J.D.) Degree. ...
Additional Studies. ...
Advanced Law Degrees. ...

How can I become a lawyer without law school?
Yes, it is possible to practice without a JD. It is possible – at least in certain states – to become a practicing lawyer without going to law school. Historically, working as an apprentice in a law office was how most people became lawyers in the United States

Find More Best majors for law school

May 24, 2019

Best undergraduate majors for law school

Best undergraduate majors for law school

As you select your undergraduate major with the intent to apply to law school in the future, these are some of the leading majors to consider.
History. ...
Business. ...
English. ...
Philosophy. ...
Political Science. ...
Economics. ...
Arts and Humanities. ...
Psychology.

What should I major in to become a lawyer?
Learn more about the majors below:
Corrections.
Criminal Justice.
Criminology.
Forensic Science.
Law Enforcement Administration.
Legal Studies.
Paralegal Studies.
Police Science.

Is Psychology a good major for law school?
Admission to law school requires no specific major and no specific prerequisite courses. Psychology is one of many undergraduate majors chosen by pre-law students. ... Many other psychology courses are beneficial to those who hope to engage in the study and practice of law.

Is Criminology a good major for law school?
Law schools generally do not care what your undergraduate major was. They care about grades. Work hard and graduate with the highest GPA you can muster. ... I believe that is because these close to law majors (e.g., prelaw and criminology) think they understand the law better, so they don't work as hard in law school.

Is Econ a good major for law school?
Economics is a good choice for pre-law students for several reasons: ... Economics majors performed better on the Law School Admission Test than students majoring in political science, history, psychology, finance, and accounting.

What is the best major for lawyers?
Top 10 Best Pre-law Majors (see also: what did most law school students major in?)
Political Science - 9,612 admitted. ...
Other - 2,917 admitted. ...
Psychology - 2,960 admitted. ...
Criminal Justice - 2,220 admitted. ...
English - 2,564 admitted. ...
History - 2,657 admitted. ...
Economics - 2,373 admitted. ...
Philosophy - 1,858 admitted.

What degree do most lawyers have?
Becoming a lawyer usually takes 7 years of full-time study after high school—4 years of undergraduate study, followed by 3 years of law school. Most states and jurisdictions require lawyers to complete a Juris Doctor (J.D.) degree from a law school accredited by the American Bar Association (ABA).Oct 10, 2018

Is political science a good major for law school?
There are two good reasons to major in Political Science if you are serious about law school. ... However, it is not essential to major in Political Science in order to get into law school. Law schools are more interested in your grades and LSAT scores than in your major.

Is accounting a good pre law major?
With that in mind, certain majors do seem somewhat common among pre-law students including Political Science, History, Philosophy and Business. ... A: An accounting degree is really a good background for almost any type of law practice.

What are good pre law majors?

While prelaw and criminal justice were two of six majors that averaged less than 150 on the exam, some of the ones which did better (with at least 1,000 students in those majors) were marketing, sociology, accounting, liberal arts, finance, journalism, English, history, engineering, philosophy and economics.

Can you major in political science and become a lawyer?
Many lawyers majored in Political Science in their undergraduate years, because the major provided them with an ample understanding of the way law and government systems function in the United States. But post-graduation, the path to becoming a lawyer is far from over.

What major is pre law?
In 2001, the five most common majors of students entering law school were political science, history, English, psychology, and criminal justice. The five majors with the highest acceptance rates were physics, philosophy, biology, chemistry, and government service.

Is Linguistics a good major for law school?
Law school applicants from certain difficult liberal arts disciplines like mathematics and linguistics tend to achieve stellar LSAT scores and are accepted to law school at a much higher rate than the bulk of their peers with preprofessional majors, where average LSAT scores are lower, according to Law School Admission ...Dec 14, 2017

What bachelors degree do you need to be a lawyer?
Most law schools require a bachelor's degree, and those are the law schools that provide the Juris Doctor degree needed to take a state's bar exam and receive a license to practice law. However, law schools do not require a specific major, such as prelaw, for admission

Find More Best undergraduate majors for law school

May 25, 2019

Pre law majors

FAQ Pre law majors

What is the best major for pre law?
Popular pre-law majors that are great preparation for law school include philosophy/classics, economics, political science, history, English, and engineering.May 9, 2018

Is criminal justice a good pre law major?
Criminal justice is a common undergraduate major for students hoping to attend law school, but experts disagree on whether it's a good choice as a pre-law major.

Is philosophy a good pre law major?
Philosophy majors scored sixth best in terms of LSAT and GPA scores. They were also admitted to law school at a higher percent than any other major — 75 percent, according to an analysis of data provided by Muller. ... “More rigorous majors like economics, philosophy and math do better,” he said.Apr 22, 2014

Can you be a lawyer with a pre law degree?
What can you do with a pre-law degree, other than becoming a lawyer? Many people who choose legal studies or pre-law as an undergraduate major don't end up going to law school right away, or even at all.Dec 4, 2018

Is pre law a major?
In the United States, pre-law refers to any course of study taken by an undergraduate in preparation for study at a law school. ... In 2001, the five most common majors of students entering law school were political science, history, English, psychology, and criminal justice.

What classes should I take for pre law?
A Pre-Law major will give you the opportunity to take courses in many different disciplines. Political science, anthropology, psychology, government, English, logic, philosophy, and history are only a few of the possibilities. You'll be encouraged to take math and science courses as well

What Is the Best Pre-Law Major 

Students who are interested in becoming lawyers may think that they have a good understanding of the best pre-law majors for their undergraduate degree, but the truth is far more complicated. As U.S. News and World Report points out, while students can opt to take a pre-law or preprofessional major, it may not be a good idea to invest so much time into such a specific field of study. Here are some things that students should keep in mind before choosing a major to help them get into law school.

No Preferred Majors
A common misconception is that there is one preferred pre-law major will help students in the law school admissions process. The truth is that there isn't one major that is more accepted than others. In fact, schools have become to be less interested in pre-professional programs because they are considered less rigorous than programs in the STEM and humanities field. And since law school is interdisciplinary in nature, having one particular major will only complement the knowledge learned at the graduate level; this means that no student has the upper hand in terms of their education when they reach law school.

Some Prestigious Preprofessional Programs are Helpful
While preprofessional undergraduate degrees like marketing, criminology, and pre-law are generally not a help to students when applying to law school, some programs in this space may actually be useful. Preprofessional programs from Ivy League or Public Ivy League schools are considered very attractive; these programs can range from business to engineering to even classics. If a school has a reputation for a rigorous curriculum in a program and is also ranked, chances are that the degree will be helpful to students applying to law school.

Linguistics and Math Majors Excel
Something that may come as a surprise to many students is that STEM and humanities majors, specifically those in linguistics or statistics, excel in the law school application process. This is because both fields directly correlate to the law in some aspect. For instance, linguistics majors have an understanding of abstract thinking and language, something that is useful in the legal field. Math and science majors benefit from the reasoning skills that they have developed over time, making it easier for them to pass the graduate school exams needed to enter law school as well as provide them with a strong foundation in skills they will be using throughout their time in law school.

Students Should Study Their Passion
While some degrees may be preferred by some law schools, the general consensus is that students should study their passion. Their chosen undergraduate field doesn't have to do with law, so long as the program is rigorous and difficult enough to showcase their passion for the field. This shows law schools how dedicated a student is to their course of study and then translates into an understanding of how seriously they will take their studies when they further their education. It also serves to indicate to a law school where the strength of the candidate lies in terms of logic, reasoning, communication, writing, research, and abstract thinking skills.

Liberal Arts Minors are Highly Encouraged
Students should also consider taking on a minor in liberal arts regardless of what their major is; alternatively, they can also choose to double major in their field of passion as well as another major that focuses on liberal arts. This is especially helpful for students who focus their studies on business, economics, or STEM subjects because the minor or second major will balance out their education and give them firm footing when entering law school.

Law school in America is an educational goalpost for students who are interested in working as lawyers or in the government. In order to be admitted into law school, however, students must first get an undergraduate degree and their choice of major is critically important. There are no preferred pre-law majors but students who follow the steps above may find that the field they are passionate about will no doubt help them on their quest to enter into law school.

Find More Pre law majors

May 25, 2019

Lawyer course

FAQ Lawyer course

Whether training to become a criminal lawyer, family lawyer, or corporate lawyer, an undergraduate college degree plus an additional three years of law school are required. ... Common concepts taught through law school courses include: Critical thinking and reasoning. Legal research and writing.

What courses do you need to become a lawyer?
How to Become a Lawyer
Complete a Bachelor's Degree Program. A bachelor's degree is the minimum educational requirement for admission to law school. ...
Pass the Law School Admission Test. ...
Identify Law Schools and Complete Applications. ...
Earn a Juris Doctor Degree. ...
Pass the Bar Examination. ...
Advance Your Career.

What are the steps to become a lawyer UK?
Steps to becoming a lawyer
Step 1: A Levels or equivalent. To get in to law school you will need at least three A Levels with high grades. ...
Step 2: Undergraduate degree. ...
Step 3: Legal Practice Course or Bar Professional Training Course. ...
Step 4: Specialist training.

What grades do you need to be a lawyer?
In addition to A levels or equivalent you will also need five GCSEs (A-C) including science, English, and maths. 'Competition for places on law degree programmes is fierce and you will need a strong academic record with at least three good passes in any academic A level subjects to get into most universities.'

How many years does it take to study law?
Most people who pursue a career as a lawyer generally take the traditional path of earning a bachelor's degree followed by three years of law school. The amount of time this actually will take you depends on whether you attend school full-time and pass the bar exam on the first try.Jun 29, 2018

What GCSE subjects do you need to be a lawyer?
To study law, you'll need at least five GCSEs (or equivalent Level 2 qualifications) at grade 4/C or above, including Maths, English Language and Science. Courses are competitive, so you should aim for the highest grades possible.
What GCSEs should I take to become a... ? - BBC Bitesize

What qualifications does a lawyer need?
Law School. After a bachelor's degree, attorneys complete law school to qualify themselves to practice. ... It takes three years to earn the required degree, which is a juris doctor, abbreviated to J.D

What Courses to Take to Become a Lawyer

Written by James Hirby and Fact Checked by The Law Dictionary Staff  
Undergraduate Degree

Law schools do not require a specific undergraduate degree to be admitted to law school. Instead, law schools look for students with writing, debate, speaking, and English skills. Undergraduate classes that build these skills will help prepare prospective attorneys for law school and their future career.

Writing skills are needed for creating professional legal documents. Debate and speaking classes are beneficial to prepare attorneys to argue cases in court. English skills will assist attorneys in speaking and writing with proper grammar so the attorney's work will be taken seriously by others.

Another suggestion for undergraduate work is to major in a topic that builds the foundation for a particular field of law. If a future law school student wants to be an environmental attorney, choose a major in science, biology or chemistry. If native English speakers want to work with clients that speak a language other than English, it makes sense to major in the language of choice.

Law School Curriculum

Each law school will have its own required and elective classes. Law school usually takes three years. During the first year, students will take law classes that give them a solid understanding of the basics of law.

First year law students will learn about civil procedure, criminal law, legal research and legal writing. Civil procedure courses teach investigative skills and how to present a case in court. Criminal law prepares students to represent clients accused of breaking a local, state or federal crime. Legal research is necessary to discover the laws and cases that that apply to the case at hand. Legal writing courses teach students the legal lingo and proper formats of documents that must be filed with the court or served on witnesses.

Second year law students usually take Constitutional law, rules of evidence, and legal ethics. After taking those basic law courses, second and third year students can choose to specialize in a certain area of law or take general law classes.


Students can specialize in civil litigation, estate planning, business, Constitutional, employment, environmental, real estate or tax law. For example, those who want to specialize in employment or business law will take courses on business organization, employee rights, and business insurance.

Find More Lawyer course

May 25, 2019

What undergraduate degree do you need to be a lawyer

FAQ What undergraduate degree do you need to be a lawyer

Most law schools require a bachelor's degree, and those are the law schools that provide the Juris Doctor degree needed to take a state's bar exam and receive a license to practice law. However, law schools do not require a specific major, such as prelaw, for admission

What do you major in to be a lawyer?
Many undergraduates entering law school have majored in political science, economics, business administration, history, English, and rhetoric, but there is no standard pre-law curriculum.

What do you need a bachelors in to go to law school?
Pre-Law Studies. Before you go to law school, you'll need a bachelor's degree. Law school applicants aren't required to have any particular major for undergraduate education. In fact, the American Bar Association (ABA) encourages students to study any subject they find fascinating and challenging.

What undergraduate degree is best for law?
These are all attributes you need to do well on the LSAT and in law school. Popular pre-law majors that are great preparation for law school include philosophy/classics, economics, political science, history, English, and engineering.May 9, 2018

What is the best major for lawyers?
Top 10 Best Pre-law Majors (see also: what did most law school students major in?)
Political Science - 9,612 admitted. ...
Other - 2,917 admitted. ...
Psychology - 2,960 admitted. ...
Criminal Justice - 2,220 admitted. ...
English - 2,564 admitted. ...
History - 2,657 admitted. ...
Economics - 2,373 admitted. ...
Philosophy - 1,858 admitted.

What majors do lawyers most?
Undergraduate Degree Options. The educational road to becoming a lawyer begins well before law school. ... Popular undergraduate degree areas to consider include philosophy, economics, political science, journalism, and math.

What are the best pre law majors?
While prelaw and criminal justice were two of six majors that averaged less than 150 on the exam, some of the ones which did better (with at least 1,000 students in those majors) were marketing, sociology, accounting, liberal arts, finance, journalism, English, history, engineering, philosophy and economics.

What major is pre law?
In 2001, the five most common majors of students entering law school were political science, history, English, psychology, and criminal justice. The five majors with the highest acceptance rates were physics, philosophy, biology, chemistry, and government service.

Is there an undergraduate degree for law?

Pre Law Majors. The first step to becoming a lawyer is to get your undergraduate degree. Law schools across the United States that are accredited by the American Bar Association (ABA) require that you have a minimum of a bachelor's degree before applying for enrollment.

What is the best major for pre law?
Popular pre-law majors that are great preparation for law school include philosophy/classics, economics, political science, history, English, and engineering.May 9, 2018

What should I major in to be a lawyer?
Many undergraduates entering law school have majored in political science, economics, business administration, history, English, and rhetoric, but there is no standard pre-law curriculum.

What degree do most lawyers have?
Becoming a lawyer usually takes 7 years of full-time study after high school—4 years of undergraduate study, followed by 3 years of law school. Most states and jurisdictions require lawyers to complete a Juris Doctor (J.D.) degree from a law school accredited by the American Bar Association (ABA)

Find More What undergraduate degree do you need to be a lawyer

May 25, 2019

What subjects do you need to become a lawyer

FAQ What subjects do you need to become a lawyer

Undergraduate. Most law schools require a bachelor's degree for admittance. Although no specific degree or set of courses is required for admission, certain courses can be helpful. According to the Bureau of Labor Statistics, classes in English, public speaking, government, history, economics and mathematics are useful.

That includes sociology, political science, psychology and history. Science and math classes sharpen analytical thinking. Coursework that trains students to read large amounts of information is vital. Stick with honors or advanced placement courses and read as much as possible to prepare for the rigors of law school.Jun 29, 2018

What GCSE subjects do you need to be a lawyer?
To study law, you'll need at least five GCSEs (or equivalent Level 2 qualifications) at grade 4/C or above, including Maths, English Language and Science. Courses are competitive, so you should aim for the highest grades possible.

WHAT A level subjects are needed for law?
A levels – To get on to a law degree you will usually require a minimum of two A levels, with three A levels and A grades needed for the most popular courses. It is not a requirement to have A level law. ... In addition to A levels or equivalent you will also need five GCSEs (A-C) including science, English, and maths.

What do I need to do in high school to become a lawyer?

How to Become a Lawyer: Summary
Do well in high school.
Study hard and get involved in your community in college.
Prepare for the LSAT and give careful thought to your applications.
Attend law school.
Pass the bar exam and become licensed to practice law.

How can I study law subjects?
How to Study Law
Do the reading. Don't fall behind. ...
Brief each case. As you read each case, take notes. ...
Arrive at class prepared. ...
Attend class regularly. ...
Don't just attend class, participate. ...
Take notes in class. ...
Prepare an outline for each class. ...
Form a study group.

How do I prepare to become a lawyer?
How to Become a Lawyer
Complete a Bachelor's Degree Program. A bachelor's degree is the minimum educational requirement for admission to law school. ...
Pass the Law School Admission Test. ...
Identify Law Schools and Complete Applications. ...
Earn a Juris Doctor Degree. ...
Pass the Bar Examination. ...
Advance Your Career.

Steps to becoming a lawyer
Step 1: A Levels or equivalent. To get in to law school you will need at least three A Levels with high grades. ...
Step 2: Undergraduate degree. ...
Step 3: Legal Practice Course or Bar Professional Training Course. ...
Step 4: Specialist training.

Why should I study law?
Why study Law? Studying law offers the opportunity develop a range of skills and explore many aspects of human life. ... Law should therefore appeal to those who want to develop both abstract thinking and practical problem-solving.

Can I study law online?
Students may prep online for the LSAT or state bar exams, or earn online certificates on topics like business law. ... You may not be able to earn an American Bar Association-accredited J.D. completely online, but there are many ways to accelerate a legal career through online courses and programs.Mar 26, 2018

What skills do you need to be a lawyer?
If you are considering a career in the law, it is wise to polish these top ten legal skills to excel in today's competitive legal market.
Oral Communication. ...
Written Communication. ...
Client Service. ...
Analytical and Logical Reasoning. ...
Legal Research. ...
Technology. ...
Knowledge of Substantive Law and Legal Procedure. ...
Time Management.

Find More What subjects do you need to become a lawyer

May 25, 2019

Best Maharashtra Law Colleges accepting MH CET Score

Must Watch.. Find Details of Best Law Colleges under MH CET in Maharashtra

Listed Colleges

Government Law College Mumbai

Dr DY Patil Vidya Pratishthan Societys Dr DY Patil Law College Pune

Rizvi Law College Mumbai

Yashwantrao Chavan Law College, Pune

Sinhgad Law College Pune

Indian Law Society Law College Pune

University of Mumbai Mumbai

Balaji Law College Pune

SVKMs Pravin Gandhi College of Law, Mumbai

Manikchand Pahade Law College Aurangabad

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This is not the listing of Top Law Colleges under MH CET in Maharashtra, it's the list of best Law Colleges under MH CET in Maharashtra as per the ratings given by our users.

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October 22, 2019

Best India Law Colleges accepting MH CET Score

Must Watch.. Find Details of Best Law Colleges under MH CET in India

Listed Colleges

Government Law College Mumbai

Dr DY Patil Vidya Pratishthan Societys Dr DY Patil Law College, Pune

Rizvi Law College Mumbai

University of Mumbai Mumbai

Indian Law Society Law College Pune

Yashwantrao Chavan Law College, Pune

Sinhgad Law College Pune

Balaji Law College Pune

SVKMs Pravin Gandhi College of Law, Mumbai

Manikchand Pahade Law College, Aurangabad

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This is not the listing of Top Law Colleges under MH CET in India, it's the list of best Law Colleges under MH CET in India as per the ratings given by our users.

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October 22, 2019

Best Mumbai Law Colleges accepting MH CET Score

Must Watch.. Find Details of Best Law Colleges under MH CET in Mumbai

Listed Colleges

Rizvi Law College Mumbai

Dr Ambedkar College of Law Mumbai

Children Welfare Centre Law College, Mumbai

University of Mumbai

SVKMs Pravin Gandhi College of Law, Mumbai

Government Law College Mumbai

Vivekanand Education Society’s College of Law, Mumbai

Gopaldas Jhamatmal Advani Law College, Mumbai

Adv Balasahab Apte College of Law, Mumbai

Kandivli Education Society’s Jayantilal H Patel Law College Mumbai

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This is not the listing of Top Law Colleges under MH CET in Mumbai, it's the list of best Law Colleges under MH CET in Mumbai as per the ratings given by our users.

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October 22, 2019

Best Uttar Pradesh Law Colleges accepting CLAT Score

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Listed Colleges

Babu Banarasi Das University Lucknow

Mangalayatan University Aligarh

The School of Law Galgotias University, Greater Noida

Bennett University Greater Noida

Lloyd Law College Greater Noida

Dr Ram Manohar Lohiya National Law University, Lucknow

IAMR Law College Ghaziabad

Nimt Vidhi Evam Kanun Sansthan Greater Noida

Harlal School of Law Greater Noida

TRC Law College Barabanki

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October 22, 2019

Best Rajasthan Law Colleges accepting CLAT Score

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Listed Colleges

JECRC University Jaipur

RNB Global University Bikaner

Jagannath University Jaipur

National Law University Jodhpur

Dr KN Modi University Tonk

Mody University Sikar

VGU School of Law Jaipur

Jodhpur National University Jodhpur

Seedling School of Law and Governance, Jaipur

SS Jain Subodh Law College Jaipur

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October 22, 2019

Best colleges in canada

FAQ Best colleges in canada

Which colleges are best in Canada?
There are others but these 3 are best. All these are best college among top 100 universities and colleges in Canada.
...
Best colleges in Canada;
University of Toronto.
University of British Columbia.
McGill University.
McMaster university.
University of Montreal.
University of Alberta.
University of Calgary.
University of Ottawa.

What are the top 10 universities in Canada?
The other 16 top universities in Canada are:
Laval University – ranked joint 402. ...
University of Saskatchewan – ranked joint 461. ...
Concordia University – ranked joint 464. ...
York University – ranked joint 481. ...
Université du Québec – ranked 541-550.
University of Guelph – ranked 581-590.
University of Manitoba – ranked 601-650.

What is the number 1 university in Canada?
As the top ranked Canadian school, the University of Toronto placed 21st on the list, followed by UBC at 37 and McGill, which landed at 44, a tie with the Technical University of Munich.Sep 26, 2018

What is the hardest university to get into in Canada?
The Toughest University Programs in Canada to Enter Free Evaluation Contact Us Other
Bachelor of Health Sciences, McMaster University:
Engineering Science, University of Toronto: ...
Bachelor of Commerce (BCom) ...
Mechanical Engineering, McGill University: ...

What are the most prestigious universities in Canada?

These are the top 10 Best Global Universities in Canada, ranked by U.S. News based on academic research performance and reputation.
...
University of Toronto.
University of British Columbia.
McGill University.
McMaster University.
University of Montreal.
University of Alberta.
University of Calgary.
University of Ottawa.

Which university in Canada is easiest to get into?
Top 10 Canadian Universities for International Students for 2018
University of Manitoba - Winnipeg, Manitoba. ...
York University - Toronto, Ontario. ...
University of Calgary - Calgary, Alberta. ...
University of New Brunswick - Fredericton and Saint John, New Brunswick. ...
McGill University - Montreal, Quebec.

Is McGill the best university in Canada?
Deciding to study in Canada is kind of a no-brainer, but that doesn't mean it's easy to pick a university. ... 26 universities in Canada are ranked among the world's best in the QS World University Rankings, including 13 in the top 300. However, it's McGill and Toronto that consistently stand out as the top two.

Which university is the cheapest in Canada?
Cheap Universities in Canada and Annual Tuition Fees for International Students
University Name Average Undergraduate Tuition (International) Average Graduate Tuition (International)
Concordia University $19,500 $18,500
University of Alberta $24,000 $11,500
McMaster University $24,000 $16,000
University of Ottawa $26,000 $12,000

What are Canadian universities known for?
26 Canadian universities are featured in the QS World University Rankings® 2019, including three in the top 50.
...
Ontario's highest ranked institutions are:
University of Toronto. ...
McMaster University. ...
University of Waterloo. ...
Western University. ...
Queen's University.
University of Ottawa. ...
York University. ...
University of Guelph.

What is the best university for Law in Canada?
Here are the top 10 law schools in Canada offering LL.M. programs.
University of Toronto (UofT) - Faculty of Law. ...
McGill University - Faculty of Law. ...
Osgoode Professional Development - Osgoode Hall Law School of York University. ...
Queen's University - Faculty of Law. ...
Peter A. ...
Dalhousie University - Schulich School of Law.

What is the oldest university in Canada?
Learn history in some history with the oldest uni's in Canada (8 Photos)
University of Ottawa. ...
Queen's University. ...
University of Toronto. ...
McGill University. ...
Saint Mary's University. ...
University of King's College. Established: 1789. ...
University Of New Brunswick. Established: 1785. ...
Université Laval. Established: 1663.

Which university has the highest acceptance rate in Canada?
Top 26 Canadian Universities With The Highest Acceptance Rate In 2019
1University of Toronto. ...
2McGill University. ...
3Université de Montréal (UdeM) ...
4University of British Columbia. ...
5University of Alberta. ...
6Simon Fraser University. ...
7McMaster University. ...
8University of Waterloo

Find More Best colleges in canada

May 26, 2019

how to protect your finances when your spouse files for bankruptcy

How to Protect Your Finances when Your Spouse Files for Bankruptcy.

When your spouse files for bankruptcy, the bankruptcy should not affect your credit score. However, you may still be affected in other ways. For example, you will still have to pay off joint debts. Also, the bankruptcy trustee can seize any property your spouse owns, even if you are a joint owner. Accordingly, you and your spouse should carefully consider which bankruptcy is best for the family or whether you should pursue a non-bankruptcy option.



Part 1 Identifying Joint and Separate Property.

1. Identify all property you and your spouse own. When your spouse files for bankruptcy, they will have to list all of their property on a schedule and report it. The trustee uses this information to determine the size of the bankruptcy estate. This information is important because the trustee may be able to force your spouse to sell property in order to pay their creditors. The less property your spouse owns, the better off they will be.

Go through your possessions and estimate how much the property is worth. Also figure out who owns it.

As a spouse, you want to be on the lookout for property you jointly own with your spouse. Unless this property is exempt, it goes into your spouse's estate, which means you might lose it depending on the bankruptcy your spouse files.

2. Check if you live in a community property state. The ownership of certain property may depend on the state where you are living. Some states are “community property” states, and this means that any property you or your spouse acquired during the marriage is owned equally by both of you.

For example, you might have bought a car. In a community property state, the car is generally considered the property of both you and your spouse—regardless of whether your spouse is on the title.

The following are community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. Community property laws also apply in some situations in Alaska.

Because community property laws differ, you should work closely with a lawyer in your state to identify all property that will be counted as part of the bankruptcy estate.

3. Determine ownership in a common law state. If you don't live in a community property state, then you live in a common law state. In common law states, the owner is generally the person whose name is on the title. If your name alone appears on the title, then the asset probably will not be included in the bankruptcy estate.

If both names are on the title, then you and your spouse both own half of the asset and the asset will have to be listed as part of the bankruptcy estate.

The trustee might be able to force a sale of the asset if they can convince the judge that the benefit of selling the asset outweighs any detriment you will face. However, the trustee will still have to pay you the full-value of your half of the asset. The trustee can only use the portion your bankrupt spouse owned to pay their creditors.

4. Check if you own your home in “tenancy by the entirety.” This is a form of ownership in which the asset is owned by the marriage. Many couples own their home in tenancy by the entirety. Depending on your state, assets owned in this manner are exempted from the bankruptcy estate.

5. Identify bankruptcy exemptions. You can exempt property from being counted as part of your spouse's estate. Each state has bankruptcy exemptions which you can use. The federal government also has a list of exemptions. In some states, you can choose between the state or federal exemptions, whereas other states will require that you use the state exemptions.

In Missouri, for example, you can exempt up to $15,000 in a home that you live in or up to $5,000 in a mobile home. You can also exempt up to $3,000 in a motor vehicle.

Say you and your spouse jointly own a car in Missouri. If the car is worth $16,000, then your spouse has $8,000 in the car. Only $3,000 is exempt. Accordingly, the trustee might want to sell the car and use the $5,000 to pay off creditors. If the trustee sells the car, they must pay the spouse who didn't file for bankruptcy $8,000.

In some states, you can double an exemption if you file a joint bankruptcy petition so long as you both own the property. For example, if the state allows you to exempt $3,000 in a car, then you can exempt $6,000 if you and your spouse own it together.

6. Avoid transferring property. You might think you can protect your assets by having your spouse transfer them before filing for bankruptcy. If you live in a common law state, you might think you can make the transfer into your name so that you hold title to all of the family property and your spouse holds only the debts individually. Unfortunately, this tactic won't work.

Instead, your spouse must report all transfers. If your spouse transferred the property during the two years before they filed for bankruptcy, then the trustee can get the property back.

Your spouse will also get in trouble if they try to hide the transfer. Everyone files a bankruptcy petition under penalty of perjury. If caught lying, your spouse could be prosecuted and have the entire bankruptcy cancelled.



Part 2 Handling Joint Debts.

1. Identify your joint debts. You and your spouse might have joint debts. This means that you both have agreed to be 100% responsible for the full debt. Accordingly, if your spouse files for bankruptcy, you are not relieved of your responsibility for the debt. Although your spouse will have their obligation discharged, your obligation will not be. You will still remain responsible for the entire amount. Joint debts can be formed in the following ways.

You and your spouse took out the debt together.

You cosigned on a loan for your spouse.

You live in a community property state and you or your spouse took out a debt during the marriage.

2. Continue to make payments on your joint debts. If you have a joint debt—say, for your car—then you must continue to make payments on it, even if you are the spouse who didn't file for bankruptcy. If you stop, then your credit score will take a hit because your missed payments will be reported to the credit reporting agencies.

3. Consider filing a joint bankruptcy petition. You have the option of filing for bankruptcy along with your spouse. By doing so, you can discharge joint debts.[12] After a discharge, neither you nor your spouse is responsible for the joint debt.

Of course, a bankruptcy stays on your credit report for several years, and neither you nor your spouse will probably be able to secure new credit in the near future.

Nevertheless, a joint bankruptcy can be an excellent option if you have high joint debts which you have no way of paying off in the future. A joint bankruptcy can free you and your spouse of these crushing joint debts.



Part 3 Choosing the Right Bankruptcy.

1. Identify the different types of bankruptcy. U.S. law provides many different types of bankruptcies, but the two most common for individuals are Chapter 7 and Chapter 13. You should analyze which is best for you, depending on your circumstances.

Chapter 7. This is called a “liquidation” bankruptcy. In a Chapter 7, your spouse can wipe out all of their debts. However, in order to get that benefit, they generally must sell non-exempt property and use the proceeds to pay their creditors.

Chapter 13. In a Chapter 13, the debtor gets to keep their property. Instead of selling it, they will pay back creditors for three to five years. At the end of the repayment period, any remaining unsecured debts (like credit cards) will be forgiven. Chapter 13 is a good option if you have a lot of non-exempt property that is jointly owned.

Joint bankruptcy petition. A joint bankruptcy petition may be the best option if you and your spouse have large joint debts. You can file both Chapter 7 and 13 jointly.

2. Meet with an attorney. Only a qualified bankruptcy attorney can analyze your situation and identify the best course of action. You should get a referral to a bankruptcy attorney by contacting your local or state bar association. Once you have a referral, call up the attorney and schedule a consultation. Ask how much the fee will be.

Your attorney can help you think through which bankruptcy to file—or whether a different alternative would be best.

3. Consider alternatives to bankruptcy. Your spouse should consider other options. These options might be better because they will impact your spouse's credit score less severely. Also, you don't jeopardize losing property. Common alternatives include.

Get a debt consolidation loan. Sometimes you can get a low-interest loan which you use to pay off all debts. You then have one payment to make.

Transfer debts to low interest credit cards. Many credit cards give 12-month grace periods for balance transfers. Interest doesn't accrue until the grace period ends.

Create a repayment plan with your creditors. They might be willing to work with you, especially if you mention that you are thinking of filing for bankruptcy. In bankruptcy, unsecured creditors rarely get paid back 100% of what they are owed. For this reason, they may be willing to reduce the interest rate or extend payments over a long period of time so that you don't file for bankruptcy.

Use a credit counselor. Credit counseling services can help you negotiate with creditors and then consolidate debt. These counselors also help you come up with repayment plans you can afford.



Question : If my wife files bankruptcy, what happens to our jointly-owned house? How does this affect my loan on the house?

Answer : In a bankruptcy, all your debts are listed against all your assets. If your wife does not have sufficient assets to pay for her debts, then her half of the house can be seized. It can either be transferred as an asset to a creditor, or (forcibly) liquidated. But if the bank sells your house, you have to get your share. I.e. only her share can be seized. For a detailed calculation, contact an accountant.

February 17, 2020

How to Protect Your Finances when Your Spouse Files for Bankruptcy.

How to Protect Your Finances when Your Spouse Files for Bankruptcy.

When your spouse files for bankruptcy, the bankruptcy should not affect your credit score. However, you may still be affected in other ways. For example, you will still have to pay off joint debts. Also, the bankruptcy trustee can seize any property your spouse owns, even if you are a joint owner. Accordingly, you and your spouse should carefully consider which bankruptcy is best for the family or whether you should pursue a non-bankruptcy option.



Part 1 Identifying Joint and Separate Property.

1. Identify all property you and your spouse own. When your spouse files for bankruptcy, they will have to list all of their property on a schedule and report it. The trustee uses this information to determine the size of the bankruptcy estate. This information is important because the trustee may be able to force your spouse to sell property in order to pay their creditors. The less property your spouse owns, the better off they will be.

Go through your possessions and estimate how much the property is worth. Also figure out who owns it.

As a spouse, you want to be on the lookout for property you jointly own with your spouse. Unless this property is exempt, it goes into your spouse's estate, which means you might lose it depending on the bankruptcy your spouse files.

2. Check if you live in a community property state. The ownership of certain property may depend on the state where you are living. Some states are “community property” states, and this means that any property you or your spouse acquired during the marriage is owned equally by both of you.

For example, you might have bought a car. In a community property state, the car is generally considered the property of both you and your spouse—regardless of whether your spouse is on the title.

The following are community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. Community property laws also apply in some situations in Alaska.

Because community property laws differ, you should work closely with a lawyer in your state to identify all property that will be counted as part of the bankruptcy estate.

3. Determine ownership in a common law state. If you don't live in a community property state, then you live in a common law state. In common law states, the owner is generally the person whose name is on the title. If your name alone appears on the title, then the asset probably will not be included in the bankruptcy estate.

If both names are on the title, then you and your spouse both own half of the asset and the asset will have to be listed as part of the bankruptcy estate.

The trustee might be able to force a sale of the asset if they can convince the judge that the benefit of selling the asset outweighs any detriment you will face. However, the trustee will still have to pay you the full-value of your half of the asset. The trustee can only use the portion your bankrupt spouse owned to pay their creditors.

4. Check if you own your home in “tenancy by the entirety.” This is a form of ownership in which the asset is owned by the marriage. Many couples own their home in tenancy by the entirety. Depending on your state, assets owned in this manner are exempted from the bankruptcy estate.

5. Identify bankruptcy exemptions. You can exempt property from being counted as part of your spouse's estate. Each state has bankruptcy exemptions which you can use. The federal government also has a list of exemptions. In some states, you can choose between the state or federal exemptions, whereas other states will require that you use the state exemptions.

In Missouri, for example, you can exempt up to $15,000 in a home that you live in or up to $5,000 in a mobile home. You can also exempt up to $3,000 in a motor vehicle.

Say you and your spouse jointly own a car in Missouri. If the car is worth $16,000, then your spouse has $8,000 in the car. Only $3,000 is exempt. Accordingly, the trustee might want to sell the car and use the $5,000 to pay off creditors. If the trustee sells the car, they must pay the spouse who didn't file for bankruptcy $8,000.

In some states, you can double an exemption if you file a joint bankruptcy petition so long as you both own the property. For example, if the state allows you to exempt $3,000 in a car, then you can exempt $6,000 if you and your spouse own it together.

6. Avoid transferring property. You might think you can protect your assets by having your spouse transfer them before filing for bankruptcy. If you live in a common law state, you might think you can make the transfer into your name so that you hold title to all of the family property and your spouse holds only the debts individually. Unfortunately, this tactic won't work.

Instead, your spouse must report all transfers. If your spouse transferred the property during the two years before they filed for bankruptcy, then the trustee can get the property back.

Your spouse will also get in trouble if they try to hide the transfer. Everyone files a bankruptcy petition under penalty of perjury. If caught lying, your spouse could be prosecuted and have the entire bankruptcy cancelled.



Part 2 Handling Joint Debts.

1. Identify your joint debts. You and your spouse might have joint debts. This means that you both have agreed to be 100% responsible for the full debt. Accordingly, if your spouse files for bankruptcy, you are not relieved of your responsibility for the debt. Although your spouse will have their obligation discharged, your obligation will not be. You will still remain responsible for the entire amount. Joint debts can be formed in the following ways.

You and your spouse took out the debt together.

You cosigned on a loan for your spouse.

You live in a community property state and you or your spouse took out a debt during the marriage.

2. Continue to make payments on your joint debts. If you have a joint debt—say, for your car—then you must continue to make payments on it, even if you are the spouse who didn't file for bankruptcy. If you stop, then your credit score will take a hit because your missed payments will be reported to the credit reporting agencies.

3. Consider filing a joint bankruptcy petition. You have the option of filing for bankruptcy along with your spouse. By doing so, you can discharge joint debts.[12] After a discharge, neither you nor your spouse is responsible for the joint debt.

Of course, a bankruptcy stays on your credit report for several years, and neither you nor your spouse will probably be able to secure new credit in the near future.

Nevertheless, a joint bankruptcy can be an excellent option if you have high joint debts which you have no way of paying off in the future. A joint bankruptcy can free you and your spouse of these crushing joint debts.



Part 3 Choosing the Right Bankruptcy.

1. Identify the different types of bankruptcy. U.S. law provides many different types of bankruptcies, but the two most common for individuals are Chapter 7 and Chapter 13. You should analyze which is best for you, depending on your circumstances.

Chapter 7. This is called a “liquidation” bankruptcy. In a Chapter 7, your spouse can wipe out all of their debts. However, in order to get that benefit, they generally must sell non-exempt property and use the proceeds to pay their creditors.

Chapter 13. In a Chapter 13, the debtor gets to keep their property. Instead of selling it, they will pay back creditors for three to five years. At the end of the repayment period, any remaining unsecured debts (like credit cards) will be forgiven. Chapter 13 is a good option if you have a lot of non-exempt property that is jointly owned.

Joint bankruptcy petition. A joint bankruptcy petition may be the best option if you and your spouse have large joint debts. You can file both Chapter 7 and 13 jointly.

2. Meet with an attorney. Only a qualified bankruptcy attorney can analyze your situation and identify the best course of action. You should get a referral to a bankruptcy attorney by contacting your local or state bar association. Once you have a referral, call up the attorney and schedule a consultation. Ask how much the fee will be.

Your attorney can help you think through which bankruptcy to file—or whether a different alternative would be best.

3. Consider alternatives to bankruptcy. Your spouse should consider other options. These options might be better because they will impact your spouse's credit score less severely. Also, you don't jeopardize losing property. Common alternatives include.

Get a debt consolidation loan. Sometimes you can get a low-interest loan which you use to pay off all debts. You then have one payment to make.

Transfer debts to low interest credit cards. Many credit cards give 12-month grace periods for balance transfers. Interest doesn't accrue until the grace period ends.

Create a repayment plan with your creditors. They might be willing to work with you, especially if you mention that you are thinking of filing for bankruptcy. In bankruptcy, unsecured creditors rarely get paid back 100% of what they are owed. For this reason, they may be willing to reduce the interest rate or extend payments over a long period of time so that you don't file for bankruptcy.

Use a credit counselor. Credit counseling services can help you negotiate with creditors and then consolidate debt. These counselors also help you come up with repayment plans you can afford.



Question : If my wife files bankruptcy, what happens to our jointly-owned house? How does this affect my loan on the house?

Answer : In a bankruptcy, all your debts are listed against all your assets. If your wife does not have sufficient assets to pay for her debts, then her half of the house can be seized. It can either be transferred as an asset to a creditor, or (forcibly) liquidated. But if the bank sells your house, you have to get your share. I.e. only her share can be seized. For a detailed calculation, contact an accountant.

February 25, 2020

How to Finance Nursing Home Care

How to Finance Nursing Home Care.

As more and more Americans require nursing home care, their families are struggling to find ways to pay for, or at least reduce, the immense cost of care. In 2012, the average cost of a private room was over $90,000 a year and a semi-private room cost $81,000 a year. For most people, paying for a loved one’s nursing home care presents an almost insurmountable financial obstacle. However, there are ways to finance and reduce the cost of a nursing home so that a loved one can get the type of long-term care that they require.

Method 1 Reducing Costs and Using Personal Assets.

1. Consider in-home care. Long-term nursing home care costs between $6,000 and 9,000 a month and many people cannot afford this option. To save money, you may want to consider in-home care, which costs approximately $21 an hour for a care assistant. This option is not only less expensive but it allows your elderly or disabled family member to reside in his or her home for as long as possible.

2. Negotiate long-term care costs. If you are paying out-of-pocket for long-term nursing care, you should negotiate the overall cost with the nursing home. While some nursing homes may refuse to negotiate, others would prefer to take a lower private care rate because it still pays more than state-sponsored Medicaid programs.

3. Relocate your loved one. The cost of nursing home care varies greatly from state to state and even from locality to locality. If your loved one has family members who live in different states, you should determine which state has the lowest cost for nursing home care. Nursing home care in Texas, Utah and Alabama can cost less than half of nursing home care in states in the Northeast.

4. Qualify for a Reverse Mortgage. A reverse mortgage is a loan that a homeowner gets from a bank against the value of their home. The loan converts the home's equity into cash and the homeowner receives either a cash sum, regular payments, or a line of credit equal to the equity in the home. After the owner's death, the bank may foreclose on the home (get ownership without further liability to the home owner) or members of the estate may sell the home and pay off the loan.

In order to qualify for a reverse mortgage, each homeowner must be at least 62 years old and live in the home where the reverse mortgage was taken.

A reverse mortgage may be a good solution if you are in good health. You can use the proceeds from the reverse mortgage to pay for long-term care insurance or to make your home more accessible so that you can remain in the house as long as possible.

If you are in need of care but do not require nursing home care yet, you can use a reverse mortgage to pay for in-home caregiver services. This provides seniors with the ability to stay in their home for a fraction of the cost of a nursing home.

If you are a married couple and one of you need nursing home care, a reverse mortgage can pay for nursing home care and allow the healthy spouse to remain in the family home. If the spouse needing care dies, the surviving spouse can stay in the home so long as they can continue to pay for property taxes and insurance.

Method 2 Qualifying for Medicaid.

1. Determine whether you qualify for Medicaid. Medicaid is a state and federal government program that assists low-income individuals with a variety of medical care, including nursing home care. You can only qualify for Medicaid if you fall below the monthly income and asset limits set by your state.

You can determine whether you meet the eligibility requirements for your state at: https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/

If you qualify for Medicaid, you can apply online at https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/ or check the website for the address of your state Medicaid office and apply in person.

2. Qualify for Medicaid. If your assets are currently too high to qualify for Medicaid and you want to protect your personal assets from nursing home expenses, you can consider legally reducing your assets in order to qualify for Medicaid.

Before attempting to reduce or transfer your assets, you should speak with an elder law attorney. Medicaid has very strict rules about what assets can be transferred and what purchases are allowable to reduce your income. If you improperly reduce your assets, Medicaid can penalize you for months to years and prohibit your qualification for the program.

The National Association of Elder Law Attorneys has information about elder law specialists on its website at: https://www.naela.org. The American Bar Association also provides attorney referral information at: http://apps.americanbar.org/legalservices/findlegalhelp/home.cfm.

3. Reduce your assets. In order to qualify for Medicaid, you can reduce your assets by.

Paying off debt, such as a mortgage, student loans or credit cards.

Paying for in-home medical care, Paying for necessary home repairs, such as a new roof or furnace.

Transfer funds to your spouse for his or her benefit, Transfer funds or set up a trust for your blind or disabled child or for a disabled person under the age of 65.

4. Set up a Medicaid Asset Trust. With a Medicaid Asset Trust, you transfer all of your assets into a trust and give up control over those assets. Any funds placed in the trust do not count towards the Medicaid asset limits. However, if you transfer funds into the trust within 5 years of applying for Medicaid, you may be subject to Medicaid’s “lookback provision.” Under this provision, Medicaid may penalize any person that it determines conducted a non-exempt transfer under the Medicaid regulations. If you are penalized, you may not be able to qualify for Medicaid for months or even years.

Method 3 Using Insurance Options.

1. Purchase long-term health insurance. Unlike regular health insurance, long-term health insurance is designed to pay for long-term care, which may include nursing home care, in-home care or medical equipment. When evaluating long-term health insurance polices, you should carefully select a policy that covers nursing home care if you reasonably believe that you will not have someone to care for you at home should you fall ill and become unable to care for yourself.

It is best to acquire long-term health insurance when you are younger and in good health. As you get older, long-term health insurance becomes much more expensive and many seniors are either unable to afford or qualify for a policy.

2. Cash in your life insurance. Another way to pay for nursing home care is to cash in your whole life insurance policy. Certain policies allow policyholders to cash in their insurance policy for 50 to 75 percent of the face value of the policy.

Keep in mind that this is only an option for whole life policies, not term life policies where there is no cash value.

Depending on your individual life insurance policy, there are two ways that you can cash in your policy: accelerated benefit or life settlement.

If you qualify for an accelerated benefit, the insurance company will pay between 60 and 80 percent of the face value of the policy. Under certain policies, you may have to be suffering from a terminal illness in order to qualify for an accelerated benefit.

A life settlement is a policy payout that you negotiate with an outside company not the insurance company that issued the policy. These settlement companies look at the value of your policy, your age, and your health and pay you between 40 and 75 percent of the face value of the policy. Depending on the health and age of an individual, it may be possible to sell some term policies.

Before negotiating a life settlement, you should speak with an elder law attorney as there may be tax and Medicaid implications from receiving the proceeds of the policy through a settlement company.

3. Check Medicare benefits. While Medicare does not pay the cost of long-term nursing home care, you may qualify for a certain portion of the stay if you were transferred to a nursing home within several days of a hospital stay and you require skilled nursing or rehabilitative care. If you go to a Medicare-approved facility, your stay may be covered for up to 100 days.

Medicare will also pay for in-home care for a certain period as well. This coverage may help if you are trying to reduce assets or do not physically require full nursing-home care.

Tips.

Do not try to transfer or reduce assets before speaking with an experienced elder law attorney.

Be wary of advisers who are not attorneys. Throughout the country, there are people and companies who exploit the elderly and their caregivers by inducements of Medicaid qualification.

December 15, 2019

how to finance nursing home care

How to Finance Nursing Home Care.

As more and more Americans require nursing home care, their families are struggling to find ways to pay for, or at least reduce, the immense cost of care. In 2012, the average cost of a private room was over $90,000 a year and a semi-private room cost $81,000 a year. For most people, paying for a loved one’s nursing home care presents an almost insurmountable financial obstacle. However, there are ways to finance and reduce the cost of a nursing home so that a loved one can get the type of long-term care that they require.

Method 1 Reducing Costs and Using Personal Assets.

1. Consider in-home care. Long-term nursing home care costs between $6,000 and 9,000 a month and many people cannot afford this option. To save money, you may want to consider in-home care, which costs approximately $21 an hour for a care assistant. This option is not only less expensive but it allows your elderly or disabled family member to reside in his or her home for as long as possible.

2. Negotiate long-term care costs. If you are paying out-of-pocket for long-term nursing care, you should negotiate the overall cost with the nursing home. While some nursing homes may refuse to negotiate, others would prefer to take a lower private care rate because it still pays more than state-sponsored Medicaid programs.

3. Relocate your loved one. The cost of nursing home care varies greatly from state to state and even from locality to locality. If your loved one has family members who live in different states, you should determine which state has the lowest cost for nursing home care. Nursing home care in Texas, Utah and Alabama can cost less than half of nursing home care in states in the Northeast.

4. Qualify for a Reverse Mortgage. A reverse mortgage is a loan that a homeowner gets from a bank against the value of their home. The loan converts the home's equity into cash and the homeowner receives either a cash sum, regular payments, or a line of credit equal to the equity in the home. After the owner's death, the bank may foreclose on the home (get ownership without further liability to the home owner) or members of the estate may sell the home and pay off the loan.

In order to qualify for a reverse mortgage, each homeowner must be at least 62 years old and live in the home where the reverse mortgage was taken.

A reverse mortgage may be a good solution if you are in good health. You can use the proceeds from the reverse mortgage to pay for long-term care insurance or to make your home more accessible so that you can remain in the house as long as possible.

If you are in need of care but do not require nursing home care yet, you can use a reverse mortgage to pay for in-home caregiver services. This provides seniors with the ability to stay in their home for a fraction of the cost of a nursing home.

If you are a married couple and one of you need nursing home care, a reverse mortgage can pay for nursing home care and allow the healthy spouse to remain in the family home. If the spouse needing care dies, the surviving spouse can stay in the home so long as they can continue to pay for property taxes and insurance.

Method 2 Qualifying for Medicaid.

1. Determine whether you qualify for Medicaid. Medicaid is a state and federal government program that assists low-income individuals with a variety of medical care, including nursing home care. You can only qualify for Medicaid if you fall below the monthly income and asset limits set by your state.

You can determine whether you meet the eligibility requirements for your state at: https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/

If you qualify for Medicaid, you can apply online at https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/ or check the website for the address of your state Medicaid office and apply in person.

2. Qualify for Medicaid. If your assets are currently too high to qualify for Medicaid and you want to protect your personal assets from nursing home expenses, you can consider legally reducing your assets in order to qualify for Medicaid.

Before attempting to reduce or transfer your assets, you should speak with an elder law attorney. Medicaid has very strict rules about what assets can be transferred and what purchases are allowable to reduce your income. If you improperly reduce your assets, Medicaid can penalize you for months to years and prohibit your qualification for the program.

The National Association of Elder Law Attorneys has information about elder law specialists on its website at: https://www.naela.org. The American Bar Association also provides attorney referral information at: http://apps.americanbar.org/legalservices/findlegalhelp/home.cfm.

3. Reduce your assets. In order to qualify for Medicaid, you can reduce your assets by.

Paying off debt, such as a mortgage, student loans or credit cards.

Paying for in-home medical care, Paying for necessary home repairs, such as a new roof or furnace.

Transfer funds to your spouse for his or her benefit, Transfer funds or set up a trust for your blind or disabled child or for a disabled person under the age of 65.

4. Set up a Medicaid Asset Trust. With a Medicaid Asset Trust, you transfer all of your assets into a trust and give up control over those assets. Any funds placed in the trust do not count towards the Medicaid asset limits. However, if you transfer funds into the trust within 5 years of applying for Medicaid, you may be subject to Medicaid’s “lookback provision.” Under this provision, Medicaid may penalize any person that it determines conducted a non-exempt transfer under the Medicaid regulations. If you are penalized, you may not be able to qualify for Medicaid for months or even years.

Method 3 Using Insurance Options.

1. Purchase long-term health insurance. Unlike regular health insurance, long-term health insurance is designed to pay for long-term care, which may include nursing home care, in-home care or medical equipment. When evaluating long-term health insurance polices, you should carefully select a policy that covers nursing home care if you reasonably believe that you will not have someone to care for you at home should you fall ill and become unable to care for yourself.

It is best to acquire long-term health insurance when you are younger and in good health. As you get older, long-term health insurance becomes much more expensive and many seniors are either unable to afford or qualify for a policy.

2. Cash in your life insurance. Another way to pay for nursing home care is to cash in your whole life insurance policy. Certain policies allow policyholders to cash in their insurance policy for 50 to 75 percent of the face value of the policy.

Keep in mind that this is only an option for whole life policies, not term life policies where there is no cash value.

Depending on your individual life insurance policy, there are two ways that you can cash in your policy: accelerated benefit or life settlement.

If you qualify for an accelerated benefit, the insurance company will pay between 60 and 80 percent of the face value of the policy. Under certain policies, you may have to be suffering from a terminal illness in order to qualify for an accelerated benefit.

A life settlement is a policy payout that you negotiate with an outside company not the insurance company that issued the policy. These settlement companies look at the value of your policy, your age, and your health and pay you between 40 and 75 percent of the face value of the policy. Depending on the health and age of an individual, it may be possible to sell some term policies.

Before negotiating a life settlement, you should speak with an elder law attorney as there may be tax and Medicaid implications from receiving the proceeds of the policy through a settlement company.

3. Check Medicare benefits. While Medicare does not pay the cost of long-term nursing home care, you may qualify for a certain portion of the stay if you were transferred to a nursing home within several days of a hospital stay and you require skilled nursing or rehabilitative care. If you go to a Medicare-approved facility, your stay may be covered for up to 100 days.

Medicare will also pay for in-home care for a certain period as well. This coverage may help if you are trying to reduce assets or do not physically require full nursing-home care.

Tips.

Do not try to transfer or reduce assets before speaking with an experienced elder law attorney.

Be wary of advisers who are not attorneys. Throughout the country, there are people and companies who exploit the elderly and their caregivers by inducements of Medicaid qualification.

December 15, 2019

How to Finance Nursing Home Care

How to Finance Nursing Home Care.

As more and more Americans require nursing home care, their families are struggling to find ways to pay for, or at least reduce, the immense cost of care. In 2012, the average cost of a private room was over $90,000 a year and a semi-private room cost $81,000 a year. For most people, paying for a loved one’s nursing home care presents an almost insurmountable financial obstacle. However, there are ways to finance and reduce the cost of a nursing home so that a loved one can get the type of long-term care that they require.

Method 1 Reducing Costs and Using Personal Assets.

1. Consider in-home care. Long-term nursing home care costs between $6,000 and 9,000 a month and many people cannot afford this option. To save money, you may want to consider in-home care, which costs approximately $21 an hour for a care assistant. This option is not only less expensive but it allows your elderly or disabled family member to reside in his or her home for as long as possible.

2. Negotiate long-term care costs. If you are paying out-of-pocket for long-term nursing care, you should negotiate the overall cost with the nursing home. While some nursing homes may refuse to negotiate, others would prefer to take a lower private care rate because it still pays more than state-sponsored Medicaid programs.

3. Relocate your loved one. The cost of nursing home care varies greatly from state to state and even from locality to locality. If your loved one has family members who live in different states, you should determine which state has the lowest cost for nursing home care. Nursing home care in Texas, Utah and Alabama can cost less than half of nursing home care in states in the Northeast.

4. Qualify for a Reverse Mortgage. A reverse mortgage is a loan that a homeowner gets from a bank against the value of their home. The loan converts the home's equity into cash and the homeowner receives either a cash sum, regular payments, or a line of credit equal to the equity in the home. After the owner's death, the bank may foreclose on the home (get ownership without further liability to the home owner) or members of the estate may sell the home and pay off the loan.

In order to qualify for a reverse mortgage, each homeowner must be at least 62 years old and live in the home where the reverse mortgage was taken.

A reverse mortgage may be a good solution if you are in good health. You can use the proceeds from the reverse mortgage to pay for long-term care insurance or to make your home more accessible so that you can remain in the house as long as possible.

If you are in need of care but do not require nursing home care yet, you can use a reverse mortgage to pay for in-home caregiver services. This provides seniors with the ability to stay in their home for a fraction of the cost of a nursing home.

If you are a married couple and one of you need nursing home care, a reverse mortgage can pay for nursing home care and allow the healthy spouse to remain in the family home. If the spouse needing care dies, the surviving spouse can stay in the home so long as they can continue to pay for property taxes and insurance.

Method 2 Qualifying for Medicaid.

1. Determine whether you qualify for Medicaid. Medicaid is a state and federal government program that assists low-income individuals with a variety of medical care, including nursing home care. You can only qualify for Medicaid if you fall below the monthly income and asset limits set by your state.

You can determine whether you meet the eligibility requirements for your state at: https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/

If you qualify for Medicaid, you can apply online at https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/ or check the website for the address of your state Medicaid office and apply in person.

2. Qualify for Medicaid. If your assets are currently too high to qualify for Medicaid and you want to protect your personal assets from nursing home expenses, you can consider legally reducing your assets in order to qualify for Medicaid.

Before attempting to reduce or transfer your assets, you should speak with an elder law attorney. Medicaid has very strict rules about what assets can be transferred and what purchases are allowable to reduce your income. If you improperly reduce your assets, Medicaid can penalize you for months to years and prohibit your qualification for the program.

The National Association of Elder Law Attorneys has information about elder law specialists on its website at: https://www.naela.org. The American Bar Association also provides attorney referral information at: http://apps.americanbar.org/legalservices/findlegalhelp/home.cfm.

3. Reduce your assets. In order to qualify for Medicaid, you can reduce your assets by:

Paying off debt, such as a mortgage, student loans or credit cards.

Paying for in-home medical care.

Paying for necessary home repairs, such as a new roof or furnace.

Transfer funds to your spouse for his or her benefit.

Transfer funds or set up a trust for your blind or disabled child or for a disabled person under the age of 65.

4. Set up a Medicaid Asset Trust. With a Medicaid Asset Trust, you transfer all of your assets into a trust and give up control over those assets. Any funds placed in the trust do not count towards the Medicaid asset limits. However, if you transfer funds into the trust within 5 years of applying for Medicaid, you may be subject to Medicaid’s “lookback provision.” Under this provision, Medicaid may penalize any person that it determines conducted a non-exempt transfer under the Medicaid regulations. If you are penalized, you may not be able to qualify for Medicaid for months or even years.

Method 3 Using Insurance Options.

1. Purchase long-term health insurance. Unlike regular health insurance, long-term health insurance is designed to pay for long-term care, which may include nursing home care, in-home care or medical equipment. When evaluating long-term health insurance polices, you should carefully select a policy that covers nursing home care if you reasonably believe that you will not have someone to care for you at home should you fall ill and become unable to care for yourself.

It is best to acquire long-term health insurance when you are younger and in good health. As you get older, long-term health insurance becomes much more expensive and many seniors are either unable to afford or qualify for a policy.

2. Cash in your life insurance. Another way to pay for nursing home care is to cash in your whole life insurance policy. Certain policies allow policyholders to cash in their insurance policy for 50 to 75 percent of the face value of the policy.

Keep in mind that this is only an option for whole life policies, not term life policies where there is no cash value.

Depending on your individual life insurance policy, there are two ways that you can cash in your policy: accelerated benefit or life settlement.

If you qualify for an accelerated benefit, the insurance company will pay between 60 and 80 percent of the face value of the policy. Under certain policies, you may have to be suffering from a terminal illness in order to qualify for an accelerated benefit.

A life settlement is a policy payout that you negotiate with an outside company not the insurance company that issued the policy. These settlement companies look at the value of your policy, your age, and your health and pay you between 40 and 75 percent of the face value of the policy. Depending on the health and age of an individual, it may be possible to sell some term policies.

Before negotiating a life settlement, you should speak with an elder law attorney as there may be tax and Medicaid implications from receiving the proceeds of the policy through a settlement company.

3. Check Medicare benefits. While Medicare does not pay the cost of long-term nursing home care, you may qualify for a certain portion of the stay if you were transferred to a nursing home within several days of a hospital stay and you require skilled nursing or rehabilitative care. If you go to a Medicare-approved facility, your stay may be covered for up to 100 days.

Medicare will also pay for in-home care for a certain period as well. This coverage may help if you are trying to reduce assets or do not physically require full nursing-home care.

Question : Should I keep $200,000 available to get into a nicer nursing home before qualifying for Medicaid?
Answer : If you have that kind of money and that is something you are interested in doing, then yes, you can do it.

Tips.

Do not try to transfer or reduce assets before speaking with an experienced elder law attorney.

Be wary of advisers who are not attorneys. Throughout the country, there are people and companies who exploit the elderly and their caregivers by inducements of Medicaid qualification.

This article is not providing legal advice and should not be relied on as legal advice.

January 22, 2020

how to finance nursing home care

How to Finance Nursing Home Care.

As more and more Americans require nursing home care, their families are struggling to find ways to pay for, or at least reduce, the immense cost of care. In 2012, the average cost of a private room was over $90,000 a year and a semi-private room cost $81,000 a year. For most people, paying for a loved one’s nursing home care presents an almost insurmountable financial obstacle. However, there are ways to finance and reduce the cost of a nursing home so that a loved one can get the type of long-term care that they require.

Method 1 Reducing Costs and Using Personal Assets.

1. Consider in-home care. Long-term nursing home care costs between $6,000 and 9,000 a month and many people cannot afford this option. To save money, you may want to consider in-home care, which costs approximately $21 an hour for a care assistant. This option is not only less expensive but it allows your elderly or disabled family member to reside in his or her home for as long as possible.

2. Negotiate long-term care costs. If you are paying out-of-pocket for long-term nursing care, you should negotiate the overall cost with the nursing home. While some nursing homes may refuse to negotiate, others would prefer to take a lower private care rate because it still pays more than state-sponsored Medicaid programs.

3. Relocate your loved one. The cost of nursing home care varies greatly from state to state and even from locality to locality. If your loved one has family members who live in different states, you should determine which state has the lowest cost for nursing home care. Nursing home care in Texas, Utah and Alabama can cost less than half of nursing home care in states in the Northeast.

4. Qualify for a Reverse Mortgage. A reverse mortgage is a loan that a homeowner gets from a bank against the value of their home. The loan converts the home's equity into cash and the homeowner receives either a cash sum, regular payments, or a line of credit equal to the equity in the home. After the owner's death, the bank may foreclose on the home (get ownership without further liability to the home owner) or members of the estate may sell the home and pay off the loan.

In order to qualify for a reverse mortgage, each homeowner must be at least 62 years old and live in the home where the reverse mortgage was taken.

A reverse mortgage may be a good solution if you are in good health. You can use the proceeds from the reverse mortgage to pay for long-term care insurance or to make your home more accessible so that you can remain in the house as long as possible.

If you are in need of care but do not require nursing home care yet, you can use a reverse mortgage to pay for in-home caregiver services. This provides seniors with the ability to stay in their home for a fraction of the cost of a nursing home.

If you are a married couple and one of you need nursing home care, a reverse mortgage can pay for nursing home care and allow the healthy spouse to remain in the family home. If the spouse needing care dies, the surviving spouse can stay in the home so long as they can continue to pay for property taxes and insurance.

Method 2 Qualifying for Medicaid.

1. Determine whether you qualify for Medicaid. Medicaid is a state and federal government program that assists low-income individuals with a variety of medical care, including nursing home care. You can only qualify for Medicaid if you fall below the monthly income and asset limits set by your state.

You can determine whether you meet the eligibility requirements for your state at: https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/

If you qualify for Medicaid, you can apply online at https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/ or check the website for the address of your state Medicaid office and apply in person.

2. Qualify for Medicaid. If your assets are currently too high to qualify for Medicaid and you want to protect your personal assets from nursing home expenses, you can consider legally reducing your assets in order to qualify for Medicaid.

Before attempting to reduce or transfer your assets, you should speak with an elder law attorney. Medicaid has very strict rules about what assets can be transferred and what purchases are allowable to reduce your income. If you improperly reduce your assets, Medicaid can penalize you for months to years and prohibit your qualification for the program.

The National Association of Elder Law Attorneys has information about elder law specialists on its website at: https://www.naela.org. The American Bar Association also provides attorney referral information at: http://apps.americanbar.org/legalservices/findlegalhelp/home.cfm.

3. Reduce your assets. In order to qualify for Medicaid, you can reduce your assets by:

Paying off debt, such as a mortgage, student loans or credit cards.

Paying for in-home medical care.

Paying for necessary home repairs, such as a new roof or furnace.

Transfer funds to your spouse for his or her benefit.

Transfer funds or set up a trust for your blind or disabled child or for a disabled person under the age of 65.

4. Set up a Medicaid Asset Trust. With a Medicaid Asset Trust, you transfer all of your assets into a trust and give up control over those assets. Any funds placed in the trust do not count towards the Medicaid asset limits. However, if you transfer funds into the trust within 5 years of applying for Medicaid, you may be subject to Medicaid’s “lookback provision.” Under this provision, Medicaid may penalize any person that it determines conducted a non-exempt transfer under the Medicaid regulations. If you are penalized, you may not be able to qualify for Medicaid for months or even years.

Method 3 Using Insurance Options.

1. Purchase long-term health insurance. Unlike regular health insurance, long-term health insurance is designed to pay for long-term care, which may include nursing home care, in-home care or medical equipment. When evaluating long-term health insurance polices, you should carefully select a policy that covers nursing home care if you reasonably believe that you will not have someone to care for you at home should you fall ill and become unable to care for yourself.

It is best to acquire long-term health insurance when you are younger and in good health. As you get older, long-term health insurance becomes much more expensive and many seniors are either unable to afford or qualify for a policy.

2. Cash in your life insurance. Another way to pay for nursing home care is to cash in your whole life insurance policy. Certain policies allow policyholders to cash in their insurance policy for 50 to 75 percent of the face value of the policy.

Keep in mind that this is only an option for whole life policies, not term life policies where there is no cash value.

Depending on your individual life insurance policy, there are two ways that you can cash in your policy: accelerated benefit or life settlement.

If you qualify for an accelerated benefit, the insurance company will pay between 60 and 80 percent of the face value of the policy. Under certain policies, you may have to be suffering from a terminal illness in order to qualify for an accelerated benefit.

A life settlement is a policy payout that you negotiate with an outside company not the insurance company that issued the policy. These settlement companies look at the value of your policy, your age, and your health and pay you between 40 and 75 percent of the face value of the policy. Depending on the health and age of an individual, it may be possible to sell some term policies.

Before negotiating a life settlement, you should speak with an elder law attorney as there may be tax and Medicaid implications from receiving the proceeds of the policy through a settlement company.

3. Check Medicare benefits. While Medicare does not pay the cost of long-term nursing home care, you may qualify for a certain portion of the stay if you were transferred to a nursing home within several days of a hospital stay and you require skilled nursing or rehabilitative care. If you go to a Medicare-approved facility, your stay may be covered for up to 100 days.

Medicare will also pay for in-home care for a certain period as well. This coverage may help if you are trying to reduce assets or do not physically require full nursing-home care.

Question : Should I keep $200,000 available to get into a nicer nursing home before qualifying for Medicaid?
Answer : If you have that kind of money and that is something you are interested in doing, then yes, you can do it.

Tips.

Do not try to transfer or reduce assets before speaking with an experienced elder law attorney.

Be wary of advisers who are not attorneys. Throughout the country, there are people and companies who exploit the elderly and their caregivers by inducements of Medicaid qualification.

This article is not providing legal advice and should not be relied on as legal advice.

January 20, 2020