An Illinois appeals court holds that the state properly imposed a penalty period on a Medicaid applicant who transferred assets to his wife in a divorce settlement. Perlstein v. Dimas (Ill. Ct. App., 1stDist., No. 2017 CH 11119, June 7, 2019). Four months after...
We’ve all heard that it’s better to give than to receive, but if you think you might someday want to apply for Medicaid long-term care benefits, you need to be careful because giving away money or property can interfere with your eligibility. Under...
Hopefully the states of Kansas and Missouri will follow the lead of NY. There are many instances where parents/guardians of those with special needs must open an ABLE account to ensure care for their loved one. A New York court lifts restraints on the parent-guardians...
Answer: The creator of a revocable trust, often called the “grantor,” “donor,” or “trustor,” can make whatever changes she wants. She does not have to tell the beneficiaries that she is changing trustees, but she does need to inform...
No one wants to face the fact that our loved ones will not be with us forever. Facing our own mortality is frightening as well. Although none of us wants to contemplate a time when we or a loved one might become disabled or die, it is important to be prepared. There...
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