A power of attorney is one of the most important estate planning documents, but when one sibling is named in a power of attorney, there is the potential for disputes with other siblings. No matter which side you are on, it is important to know your rights and...
If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift. The $15,000 figure is the amount of the current gift tax exclusion (for 2018), meaning that any person who...
The Department of Veterans Affairs (VA) has finalized new rules that make it more difficult to qualify for long-term care benefits. The rules establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA pension benefits that...
Medigap premiums can vary widely depending on the insurance company, according to a new study, so be sure to shop around before choosing a policy. When you first become eligible for Medicare, you may purchase a Medigap policy from a private insurer to supplement...
Under current law, the benefit of Veterans’ pension is available to veterans and surviving spouses of veterans whether they have made gifts of their assets or not (if they meet other eligibility criteria). This will change on Oct. 18. Beginning on October 18, gifts...
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