Three Reasons Why Giving Your House to Your Children Isn’t the Best Way to Protect It From Medicaid
You may be afraid of losing your home if you have to enter a nursing home and apply for Medicaid. While this fear is well-founded, transferring the home to your children is usually not the best way to protect it. Although you generally do not have to sell your home in order to qualify Read More
What Happens to Debt When you Die?
When someone passes away does their debt die with them? Not necessarily. But first things first, in order to protect the credit of the deceased person from fraud, you will want to notify the following entities of the death: All known creditors of the deceased person. If you do not have that information, it would Read More
Pet Trusts
Wealthy Pets? Yes there are cats and dogs out there with more money than you. This summer it was reported in the New York Post, USA Today and other news outlets that a Bronx widow, Ellen Frey-Wouter, left her cats, Tiger and Troy, $300,000.00 of her $3 million estate. The cats were left in Read More
Guardianship vs Power of Attorney
Guardianship and Powers of Attorney As people age, it is very common for them to have their Estate Planning done by an attorney. Most people make it a priority when aging to make sure they have a Power of Attorney in place. With a Power of Attorney, you trust a family member to manage your Read More
The DNR and The Living Will
There was a new story regarding a nursing home facility in the area where 3 employees violated protocol by not administering CPR to an 85-year-old resident. The resident allegedly did not have a DNR on file. And according to his daughter, he wanted full code protocol which means he wanted to be administered life-saving procedures Read More
Qualified Income Trusts and Medicaid
What does a Qualified Income Trust do? Applying for Medicaid can be tricky and is best done by a professional. The average monthly cost for a skilled nursing facility is $8944.00 per month in Florida. Many people are applying for governmental benefits to assist with the cost. Medicaid can be the solution. If you’re Read More
Nursing Home Neglect
Many children and loved ones are hundreds of miles away and do not see their loved one very often.Well, that happened to one of my clients. Entrusting the care of your elderly loved ones to nursing home is a difficult decision. But wonder if you feel that they aren’t receiving the needed care? She sent Read More
Keeping Mom and Dad Safe During a Storm
Nursing Home and Assisted Living Criteria The Rehabilitation Center at Hollywood Hills has drawn lots of bad press and rightfully so. Many of people are asking themselves the question, how safe are my loved ones in that long term care community? The hurricane demolished the electrical grid, causing tens of thousands to lose power. The Read More
Preserving the Family Legacy
Save the Legacy The Doctor says that it’s that time, the time when the tables have turned and instead of mom and dad taking care of you, they need you to take care of them. Talk about stress. You want to do the right thing but, how? You have a life and children of your Read More