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Nursing Home Crisis Strategies — Spousal Refusal
When dealing with Nursing Home budgeting, Medicaid income and asset rules are strict. Because the cost of care is very high, most…
Nursing Home Crisis Asset Preservation Planning
Sophisticated Medicaid eligibility rules limit asset preservation solutions. In the context of short-term planning and where the individual (“client”) is already in…
Medicare and Medicaid? – What’s the Difference?
Medicare Medicare is federal program which provides healthcare to certain populations, if you are over age 65 and have paid Medicare tax…
Estate Planning with a Disabled Beneficiary
If you have a child with special needs or disabilities, before making a gift during life or by inheritance, you should be…
A Continuum in Estate Planning
I have a picture on my desk of my beautiful daughter at age 3 months, taken on one of the proudest days…
What is Legal Capacity?
Certain legal documents can be extremely helpful, even critical, when dealing with long-term and end-of-life care planning. However, unless a person…
Planning with Mortgaged Property
There are special considerations when clients have a mortgage or anticipates the need for a future mortgage. When dealing with residential mortgages,…
“Funding” Your Trust
For purposes of this article, assume you have made the smart choice of creating a Trust which is drafted perfectly for your…
What Happens to Debts on Death?
Hopefully, you realize debts do not just “disappear” on death. Generally, the deceased person’s debts must be paid out of their remaining…
Do Joint Bank Accounts Create a “Right of Survivorship”?
For this discussion, we are assuming a hypothetical checking account owned by an elderly Widow on which she had recently added the…
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