Category archives: Asset Protection
-
-
-
2 months ago
-
While Medicaid helps pay for nursing home care, being admitted to a nursing home as a Medicaid recipient is not always easy. There are several ways to navigate the process, depending on your situation.
With the median cost of a nursing home room being more than $250 a day, most families need ... [read more]
-
-
-
-
2 months ago
-
Summer is definitely here, and with the celebration of the Fourth of July this month we were reminded of how very fortunate we are as Americans to enjoy the freedoms our great Nation provides us. It's so great each year to take the time to acknowledge and celebrate how blessed we truly are.
While... [read more]
-
-
-
-
3 months ago
-
Did you know you could be responsible for your parents' unpaid bills? More than half of all states currently have laws making adult children financially responsible for their parents, including their long-term care costs. However, these laws are rarely enforced.
Filial responsibility laws obligat... [read more]
-
-
-
-
4 months ago
-
If you apply for long-term care assistance through Medicaid and your application is denied, the situation may seem hopeless. The good news is that you can appeal the decision.
Medicaid is a program for low-income individuals, so it has strict income and asset eligibility requirements. Qualify... [read more]
-
-
-
-
5 months ago
-
When a married couple applies for Medicaid, the Medicaid agency must analyze the couple’s income and assets as of a particular date to determine eligibility. The date that the agency chooses for this analysis is called the “snapshot” date and it can have a major impact on a couple’s financial future... [read more]
-
-
-
-
6 months ago
-
In addition to the wonderful religous holidays of Easter and Passover that we are celebrating with our loved ones, this time of year also reminds us of the old saying about it is impossible to be sure of anything but death and taxes. This bit of dark humor is also quite true, and we can all benefit ... [read more]
-
-
-
-
7 months ago
-
As with any discussion that involves politics, a discussion about US presidents risks generating a variety of opinions about which reasonable minds can disagree. However, politics is not the focus of this article. Instead, our aim is to examine a few of the important lessons we can learn from the es... [read more]
-
-
-
-
10 months ago
-
All older Americans are vulnerable to financial abuse, but there are certain circumstances that make someone more likely to be scammed. An online survey can help older adults (or their caregivers) assess their risk of being exploited based on how they make financial decisions.
It is hard to a... [read more]
-
-
-
-
12 months ago
-
With the recent and ongoing concerns about the coronavirus, as we shift into the fall, it remains clear that we are continuing to face an unprecedented public health crisis--one that is affecting many people of all ages, and from all walks of life. It has become tragically clear for many that Estate... [read more]
-
-
-
-
1 year ago
-
One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Careful planning can help ease the financial burden.
Depending on location and level of care, nursing homes cos... [read more]
-
-
-
-
1 year ago
-
As many of us are preparing for the fall and family members going back to school, some people are experiencing the excitement of children or grandchildren starting college. Other adult children are perhaps entering the work force or traveling to enjoy a break from academic demands. Regardless of the... [read more]
-
-
-
-
1 year ago
-
The federal government has expanded access to protections for spouses of reverse mortgage holders who are not named in the loan document, allowing more such spouses the ability to stay in their home if the borrowing spouse dies or moves to a care facility.
A reverse mortgage allows ho... [read more]
-
