Elder Law Answers
My mother-in-law has recently been diagnosed with Alzheimer's disease. She owns two rental properties that bring in a good income, but not enough to cover the full expense of a nursing home. She can spend down her savings, which should...
Read moreI am the agent under a power of attorney for my father. There is an alternative agent named in the power of attorney document, but I'm worried this person will not be able to act as agent if the time...
Read moreI am 58 and retired. If Medicaid has a claim on my property now, is it too late to place my property in an irrevocable trust so that any medical bills after the five-year look-back period cannot be charged to...
Read moreIf we get a Medicaid asset protection trust in one state, what would happen if we moved to a different state? Is this kind of trust portable from one state to another?...
Read moreIf a man and a woman live together, but are not married, and the woman applies for Medicaid, would the state count the man's assets or income when determining her eligibility?...
Read moreI am 66 years old and I live in Florida. I am considering loaning my niece, who is also one of my beneficiaries, $30,000. I would prefer to gift her this amount (using the $28,000 husband/wife gift tax exclusion), but...
Read moreAll of my father's assets are in a trust. If he transfers the assets from the trust to a limited liability company (LLC) and waits five years to apply for Medicaid, will Medicaid count the funds in the LLC as...
Read moreI purchased a home with my father. We both live in the home and are both on the mortgage. Is my father allowed to pay off the mortgage as a way to spend down his assets to the point that...
Read moreWhat does the executor do with all the financial records of the deceased person after all his work is done? How long does he keep the records? Are the beneficiaries entitled to the financial records of the estate or is...
Read moreAsk us a question and we'll respond if possible. We receive a large number of questions and are unable to answer every one. But if you don't hear back, many questions, particularly those involving Medicaid law, are best answered by a local elder law attorney. To find a qualified elder law attorney near you, click here.
