How the Grinch (Medicaid) Stole Christmas (and Hanukkah and birthdays and weddings and everything else!)
Medicaid penalizes all gifts, whether large or small, and regardless of purpose.
Medicaid penalizes all gifts, whether large or small, and regardless of purpose.
You will most likely be spending a great deal of time over the next couple of months with older relatives, some who you have not seen since this time last year.
Elder law is a special brand of law focused on the rights and protections of older adults.
Do your loved ones a favor- go ahead and finalize your Will, Power of Attorney and all the healthcare documents now, while you have your mental and physical capacity. You can always change them as circumstances change but at least you have them in place if you are unfortunate and have a crisis occur. No one will fault you for having your plans in place but I can guarantee you that if you don’t, people will wonder why you waited too long.
Medicaid penalizes all gifts, whether large or small, and regardless of purpose.
You will most likely be spending a great deal of time over the next couple of months with older relatives, some who you have not seen since this time last year.
As a parent, there are many things to worry about for your children’s sake, most of which will never come true.
Clients ask us all the time, “Where should I keep my estate-planning documents?” Some clients have safe deposit boxes and their thinking is that this is the appropriate place to store their original documents.
As estate-planners, we work with a wide range of people, from young couples to much older widows and widowers.
Simple estate-planning is less expensive than not having plans in place, and yet people don’t seem to understand that fact.