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Monthly Archives: April 2019
Spousal Refusal and Asset Protection Planning for Medicaid Qualification
Admitting that one may need long-term and highly skilled medical care in a nursing home is not an easy concept to accept. For many, the thought is so unpleasant they fail to do anything to plan for this possibility, and then must scramble to qualify for Medicaid, which has strict income and asset limits…. Read More »
Can a Third-Party Refuse to Honor a Power of Attorney?
Well-developed estate plans often include a number of documents that collectively serve to provide a person with the oversight he/she wants of his/her property, as well as to ensure the individual’s wishes are followed in the event he/she becomes incapacitated. Powers of attorney are commonly used in estate plans, and typically authorize a third… Read More »
Choosing between an Individual and Corporate/Professional Trustee
Putting together a trust is a beneficial feature for many estate plans. Trusts, depending upon the type, can shield assets from creditors’ claims, and will allow the creator to control how his/her assets are treated after death. Working and sacrificing to amass property to pass onto loved ones is a goal for many individuals… Read More »
The Medicaid Waiting List: Do You Have Options?
Dealing with the disabilities that frequently accompany getting older is not an easy transition for anyone. Finding the money to pay someone to provide these services is beyond the reach of most individuals and their families. Medicaid is an option most seniors seek to access when health issues become too severe to handle without… Read More »
