by Samantha Shepherd | Dec 11, 2019 | Elder Law
Married couples have a special way to jointly own property in some states that has advantages over regular joint ownership. If you are married and own property jointly, you should make sure you have the right form of ownership. Joint tenants must have equal ownership...
by Samantha Shepherd | Dec 11, 2019 | Elder Law
Yes, you can rent or sell the home. As a co-owner, your mother will receive her proportional share of either the net rental income or the proceeds of the sale. In terms of income, her share will have to be paid to the nursing home along with your mother’s income. If...
by Samantha Shepherd | Dec 10, 2019 | Elder Law
Written By: Andy Jones Every year nearly one million Social Security recipients nationwide rely on nonprofits, nursing homes and other so-called organizational payees to manage their benefits. However, the Social Security Administration exercises limited oversight to...
by Samantha Shepherd | Dec 9, 2019 | Elder Law
Imagine you bought a house and, a year and a half later, you discovered bundles of cash totalling more than $100,000 that had been hidden away by the deceased former owner. Who would be entitled to the money — you or the former owner’s estate? Confronted...
by Samantha Shepherd | Dec 9, 2019 | Elder Law
Being appointed guardian of a loved one is a serious responsibility. As guardian, you are in charge of your loved one’s well-being and you have a duty to act in his or her best interest. If an adult becomes mentally incapacitated and is incapable of making...
by Samantha Shepherd | Dec 6, 2019 | Elder Law
Written By: Patricia Kalla Zonnenberg The Internal Revenue Service (IRS) has published proposed regulations governing annual contribution limits to ABLE accounts. The proposed regulations, issued on October 10, 2019, will implement statutory changes to section 529A of...
by Samantha Shepherd | Dec 4, 2019 | Elder Law
When creating an estate plan, the main decision is how your assets will be distributed after you pass away. Understanding “per stirpes” and “per capita” distribution is key to that decision. The terms “per stirpes” and “per...
by Samantha Shepherd | Dec 2, 2019 | Elder Law
Nursing home residents do not automatically have to sell their homes in order to qualify for Medicaid, but that doesn’t mean the house is completely protected. The state will likely put a lien on the house while the resident is living and attempt to recover the...
by Samantha Shepherd | Nov 26, 2019 | Elder Law
In 1989, the price of a movie ticket was $4 and a gallon of gas cost a dollar, on average. That same year, Congress raised the amount of money that recipients of Supplemental Security Income (SSI) could retain without losing their eligibility to $2,000. While the...
by Samantha Shepherd | Nov 22, 2019 | Elder Law
Yes, that could happen. The Medicaid agency no doubt has a claim against the house for the cost of the care it paid for your mother. If that cost exceeds the value of the house, then all of the net proceeds after the costs associated with selling the house will be due...
Recent Comments