Is there a special estate planning technique that can be devised by an attorney, so I can take the money for my benefit? I am being advised by the executor's lawyer that I should consider disclaiming, but I want the money.
You should immediately consult with an experienced attorney to discuss your options. You do have options that will vary depending on the type of Medicaid benefits your are receiving.See question
ss is deposited in wells fargo & pension is deposited in chase. One person is poa for both accts. I am looking for a quick svc & a reasonable fee George
There Is a list of my pooled trusts at http://wnylc.com/health/entry/4/
Our office has worked extensively with the Theresa Pooled Trust and to a lesser extent the NYSARC Pooled trust. The Theresa Trust is reasonable with fees and the application process is fairly quick.
I'm a NYS resident who has been on Medicaid. I recently inherited some money, and will no longer qualify for the Medicaid program. Does NYS have the right to take from the inheritance to pay back the cost of medical bills while someone was on Med...
I agree with the previous 2 answers. Things can be done to protect your inheritance and get you back on Medicaid, but you need to consult with an experienced elder law attorney as soon as possible.See question
My parents are still alive. They want to sell their house but they made a life estate deed transferring the house into my sisters and my name (4 total). We all want him to sell the house but will we have to pay capital gains on the sale?
There are capital gains tax issues to be discussed for you and your sisters. You should consult with an experienced planning attorney and tax preparer for details.See question
pick up date determined and all applicants resources transferred to spouse prior. Just realized preplan is revocable and this will put applicant over limit. Funeral home said it is easy to change to irrevocable now. will this effect eligibility of...
Yes you can (and should) convert to irrevocable as soon as possible.See question
how long it takes to be removed or changed?
To supplement Mr. Berson's response, some irrevocable trusts have a special power (called a limited or special power of appointment) that allows the settlor of the trust to change beneficiaries.
Consult with an experienced elder law attorney.See question
A husband's income does not qualify him for medicaid, but wife has no income. Can wife apply for medicaid and receive coverage only for herself?
The short answer is yes. But there are other issues that need to be addressed (ie, assets and needs). Also, just because the husband has income (even if over the Medicaid allowance) doesn't mean he is not eligible for Medicaid if he needs it. You should consult with an experienced elder law attorney.See question
I am concerned with asset protection
Medicaid has special rules for IRA/retirement accounts - you should contact an experienced elder law attorney to understand your optionsSee question
My parents are 89 & 90 years old. The 3 of us live in their home. Their will states I will inherit it upon their deaths. Should one or the other require nursing home care, what happens to the home? Will I still be able to live there or will th...
There are things that can (and should) be done now - you should contact a local, experienced elder law attorney to assist you and your parentsSee question
I work 3rd shift and honestly I sleep during the day when most normal or important things need done of course. I have such a hard time understanding what the support unit , banks, utility company's have to say not to mention everything automated...
you can give power of attorney to anyone you choose - someone who you trust. You can also give them as much or limited power as you choose. you should speak with an experienced attorney about your optionsSee question