Blog
To qualify for Medicaid (also known as Title 19), you must meet both the asset and income eligibility rules. In a companion blog, we discussed the 2018 Medicaid income rules. Now let us review the Medicaid asset rules.
First, you will need a little Medicaid background. A “Community... Read more.
Nov 18, 2018
It’s important to choose the right people to carry out your intent under a will. Your will appoints an executor who is the person you’ve chosen to wind up your estate at your death. You may also appoint a trustee under a will or a trustee under a Revocable Trust. A Trustee manages assets for a... Read more.
Nov 13, 2018
In 1993, Suzanne executed a will that left 50% of her estate to her son – Dan – and 50% to her granddaughter, Nicole. Suzanne began to suffer from hallucinations in 1995. Approximately one year later, Suzanne executed a power of attorney authorizing Nicole to handle her real estate... Read more.
Nov 1, 2018
Charlie married Olga in 1985 and one week before they got married, they signed a pre-nuptial agreement. The agreement had a clause in it that stated neither party would be responsible for the debts of the other party which accrued before and during the marriage. After they were married,... Read more.
Oct 24, 2018
Income earned by limited liability companies (LLCs), partnerships and S Corporations traditionally passes through to members, partners and shareholders (collectively “partners”). That is why limited liability companies (LLCs), partnerships and S Corporations are commonly referred to as pass-... Read more.
Oct 10, 2018
Imagine that you are at a place in your life where your mom lives all alone and she is in cognitive decline. Unfortunately, you can’t really help her much because she lives far away and you can’t visit her except on weekends here and there. You’re an only child and your dad died many years ago... Read more.
Aug 29, 2018
I remember learning an old adage in law school that went something like, “the man who represents himself has a fool for a client.” Consider this scenario. Your mother just passed away and you are her only child. She owned a home, a couple of bank accounts and some valuable works of art. Ten... Read more.
Jul 30, 2018
Grandparents want to be grandparents but sometimes they need to step in and try to get guardianship of a grandchild. In this blog post I explain the process you might go through to obtain guardianship of a grandchild.
You are 60 years old and you’re thinking that it’s time to focus on... Read more.
Jul 15, 2018
Mick Jagger once famously sang “what a drag it is getting old.” Let’s face it, aging in America is fraught with all kinds of perils. One of those perils includes living alone.
Consider this scenario: your mom lives alone and you fear that she may be suffering from dementia or worse,... Read more.
Jul 3, 2018
Beginning January 1, 2018, Public Act 17-136 allows the guardian of a person with intellectual disability to manage that person’s assets if the assets do not exceed $10,000 in value. The guardian files a petition with the probate court where the protected person resides to obtain such authority... Read more.
Jun 19, 2018
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