According to court documents, legendary singer Aretha Franklin did not have a will when she died, opening up her estate to public scrutiny and potential problems. Failing to create an estate plan can cause lots of headaches for heirs, in addition to unnecessary costs....
Answer: Your mother should be able to keep her jewelry because personal items are not countable against the Medicaid asset limit, similar to clothing and furniture. The fact that her jewelry is more valuable than that owned by most Medicaid beneficiaries shouldn’t...
At the 2019 annual meeting of the Academy of Special Needs Planners (ASNP), special focus was placed on helping clients find housing solutions for their loved ones with special needs &/or disability. Here are the details. With traditional residential options for...
Older Americans with a life insurance policy that they no longer need have the option to sell the policy to investors. These transactions, called “life settlements,” can bring in needed cash, but are they a good idea? If your children are grown and your...
Written By: Andy Jones The federal government will do more to protect people with disabilities during natural disasters and public health emergencies under legislation signed into law in June. “No American should ever feel like they might be left behind or forgotten...
Traditionally, Medicaid has paid for long-term care in a nursing home, however all 50 states now have Medicaid programs that offer at least some home care. In some states, even family members can get paid for providing care at home. Medicaid is a joint federal-state...
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...
Recent Comments