This is a difficult question and one reason to avoid joint accounts. While joint accounts permit the joint owner to manage financial affairs for the original owner, they also remain the joint owner’s property when the original owner passes away. However, in many cases...
Studies have found that workers overestimate how much they will receive in Social Security benefits when they retire. Having a good understanding of the realities can help you plan for retirement. Researchers from the University of Michigan studied the expectations of...
One of the greatest fears of older Americans is that they may end up in a nursing home. While we are blessed with excellent skilled nursing communities in the Kansas City area, these options may not be found everywhere. Transitioning to a skilled nursing community not...
The U.S. Supreme Court has agreed to decide whether Florida can seek reimbursement for Medicaid payments it made on a recipient’s behalf from portions of the recipient’s personal injury settlement that are allocated to future medical expenses. The decision will...
A U.S. bankruptcy court rules that a son’s judgment debt to a nursing home for his mother’s care is dischargeable in bankruptcy, finding that the son’s failure to apply all of his mother’s income and assets towards her care did not constitute an attempt to defraud the...
The U.S. Supreme Court has agreed to hear a case disputing how much states can recoup from Medicaid recipients’ settlements in personal injury cases. The decision has the potential to affect anyone who receives government assistance with their medical care following a...
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