Archived
Nursing home is trying to take my mothers home because she owes money.
Ricki's answer
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Answered on February 14, 2014
Your mother must put her intent to return home in writing. If you have lived with your mother for the last 2 years and cared for her,the house...
Archived
Can a bank that controls an irrevocable trust change the terms from what was originally intended to suit their agenda?
Ricki's answer
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Answered on February 11, 2014
Follow the advice given by the two attorneys above. Do so quickly to avoid any further transactions that may be questionable. Best of luck.
Archived
Can daughter sell her dads truck and furniture after putting him in a nursing home due to a stroke?He can talk and walk still.
Ricki's answer
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Answered on February 08, 2014
If you are looking for low cost or no cost legal representation contact your local Legal Aid or County Bar Association for assistance. Best of...
Archived
Mom in nursing home, has joint account with daughter for $10K; will $10K count if now apply for Medicaid?
Ricki's answer
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Answered on February 08, 2014
Your mothers burial reserve, if held as irrevocable with the right language for a burial reserve/life insurance policy, should not be considered an...
Archived
Home being sold through a living trust - how is the money taxed?
Ricki's answer
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Answered on May 07, 2012
The tax treatment upon sale will depend upon whether the trust is a revocable trust or an irrevocable trust. You will also have to determine...
Archived
My mother is POA for her husband who has Alzheimer's. What assets get liquidated 1st if he goes in a home?
Ricki's answer
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Answered on May 07, 2012
Asset liquidation for the purpose of Medical Assistance Estate Recovery happens only after the death of a person receiving nursing facility care,...
Archived
Where can I find an attorney in Texas that is fresh out of law school to defend me in an elderly financial exploitation case?
Ricki's answer
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Answered on April 16, 2012
You're best bet is to find an attorney who is a newer member of any of the county bar associations in your area. You can also check the American...
Archived
Dead father's home in living trust with his SSN. Beneficiaries wish to sell home, only asset in trust. Do we have to get TIN ?
Ricki's answer
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Answered on April 02, 2012
A trust can list the Grantors Social Security number or create the trust with its own tax identification number. You have get a tax identification...
Can you put all your assets into a trust for disabled child and then be eligible for medicaid
Ricki's answer
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Answered on August 19, 2011
BUT BEWARE: You will still be subject to the 60-month (5 year) Lookback period. Seek a qualified attorney as soon as possible.
Best of luck.
Can you put all your assets into a trust for disabled child and then be eligible for medicaid
Ricki's answer
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Answered on August 19, 2011
One option you may have is to set up an irrevocable trust called a MIDGET which stands for Medicaid Intentionally Defective Grantor Trust.
A...
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