Giving Is Not Always Better Than Receiving
A person who might need Medicaid assistance in the near future should not give gifts to a loved one. This can be sad if that person gets joy out of generosity. But gifts in that situation can turn out to…
Who Gets an Inheritance if the Beneficiary is No Longer Alive?
In the event that your beneficiary is no longer alive, what happens to your inheritance? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in…
Act on Powers of Attorney That Age With Time
My uncle needs me to pay his hospital bills while he is in the hospital. Back in 2002, he named me as his financial power of attorney, so I could write checks on his bank account when he couldn't, like…
When Should Medicaid Crisis Planning Be Considered?
Individuals meeting certain asset requirements for Medicaid can use the program to pay for long-term care (LTC). Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and…
There Are Ten Common Myths About Alzheimer’s Disease
The number one worry for Americans as they age is memory loss, outpacing concerns about finances and loneliness. The most prevalent among all dementia is Alzheimer's disease. According to the Alzheimer's Association Facts and Figures Report, Alzheimer's accounts for an…
Larry King: A Sad Legacy
During his talk-show career, Larry King married seven women and had five children. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death, his estate went straight to…
Be Careful and Plan Ahead When It Comes to Medicaid and Inheritances
When it comes to inheritances and Medicaid, mistakes can be made, and those mistakes can be costly. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully…
Guidelines for Nursing Home Visits Are Issued by the Centers for Medicare and Medicaid Services
The Centers for Medicare and Medicaid (CMS) have published revised guidelines for nursing home visitation. It is now possible to have visitation with nursing home residents for reasons other than urgent end-of-life scenarios and, in some instances, may include physical…
All You Need to Know About Probate Court
You may have heard that it's best to avoid probate court if at all possible. But just because people may have heard that term, doesn’t mean they know exactly what probate means, why it can be a problem, or how…
Establish Advance Directives So You Can Draw the Line, Not Someone Else
The Covid-19 pandemic has brought an important question to the forefront; how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors, those with compromised immune systems, those already struggling with medical…