We received two similar questions this week and will address them both.Q1. My aunt opened a savings account at her local bank for her son (my cousin) in the late 1980’s when my cousin was in college. When she opened the … [Read more...]
Print This PageBeware of “Forgotten Assets” When Applying for Medicaid. And Beware of Bankers Trying to be Helpful.
June 28, 2024 by
Should My Mother Let Her Life Insurance Policy Lapse?
August 27, 2021 by
Q. My mother, Sandra, is considering letting her life insurance policy lapse. She claims that she is low on funds and that it is difficult to make the monthly payments. She is also concerned about Medicaid eligibility. Do you have … [Read more...]
Print This PageA “Guardian Angel” When One is Needed Most
August 2, 2015 by
Marjorie never felt alone at her nursing home. Although her husband died last year, and her children couldn’t be there a lot of the time to visit her, she seemed content. Her ability to speak clearly and her memory were … [Read more...]
Print This PageIf You’re A Caregiver. . . A Proper Contract is a MUST!
July 29, 2015 by
E.A. lived with her daughter, B.C., who was her caregiver from 2004 until 2012. They entered into a care agreement, in which E.A. was to make regular monthly payments to her daughter in exchange for room, board, and caregiving. … [Read more...]
Print This PageHave a Piece of Cake. . .
May 29, 2015 by
It's Medicaid's 50th Birthday!Q. My son, Sam, turns 50 this year. Besides his birth, I know that something else significant happened in 1965 -- President Lyndon Johnson signed Medicaid into law. I know you help people apply … [Read more...]
Print This PageNew Case Showing Why Domestic Asset Protection Trusts (DAPTs) Don’t Work!
March 24, 2015 by
Dr. Charles Dahl and his wife Kim were married for eighteen years. In 2002, Charles executed a trust entitled "The Dahl Family Irrevocable Trust" that named Charles as Settlor, his brother Robert as Investment Trustee, and Nevada … [Read more...]
Print This PageNon-Borrowing Spouses Can Still Face Eviction Due to Previous Reverse Mortgage Rules
March 18, 2015 by
Amy (59) and her husband, Frank (66), decided to get a reverse mortgage, sometimes known as an HECM (Home Equity Conversion Mortgage), last summer to supplement Fred's Social Security. Amy was left off the reverse mortgage, due to … [Read more...]
Print This PageHelp Someone Else and You Might Go to Jail
February 10, 2015 by
Ray is a loving father and a good friend who enjoys helping others. He helped his son build a deck, assisted his friend in finding a home, and even does his daughter's taxes on Turbo Tax each year. However, when it comes to estate … [Read more...]
Print This PageWant Free Long-Term Care? Try Medicare Part G.
February 6, 2015 by
Q. Nursing homes are so exorbitantly expensive. There is no way I can afford long-term care for myself, when the time comes, or for my husband, Morty. Is there any way to qualify for free long-term care in this country? A friend … [Read more...]
Print This PageHow Nursing Homes are Collecting Debts- More Reason to Plan Ahead
January 27, 2015 by
Lillian Palermo, a 90-year old retired insurance executive, entered a nursing home after she began experiencing dementia, falls, and surgical complications. Her husband, Dino, who is eight years her junior, visits her every day. … [Read more...]
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