What Happens when a Trustee Becomes Incapacitated?
Question: If a person sets up a trust and she becomes incapable as a result of Alzheimer’s disease, is it possible that her three sons, who are the trustee and beneficiaries after her [...]
California’s Transfer on Death Deed Cannot Go to a Nonprofit
Question: I used the newly enacted (in California) T.O.D. method of transferring the title to a property upon my expiration. I named a non-profit as the beneficiary and filed it with the county [...]
What Happens when my Mom on Medicaid and in Subsidized Housing Receives Life Insurance Proceeds?
Question: My mom is on Medicaid in Pennsylvania. Her daughter died and mom has become the beneficiary of a life insurance policy for a substantial amount of money. Will Medicaid take her money? [...]
How Can I Help My Son and His Family Without their Losing Medicaid?
Question: How can my wife and I gift a total of $40,000 to our son, daughter-in-law, and two grandsons without them losing their Illinois Medicaid coverage? We already have a trust set up for [...]
How Can My Father Protect Family Property from Nursing Home Costs?
Question: My parents have a family acreage. My mother is going to be in need of a nursing home soon. My father does not want to have the state liquidate this property; instead, had wished to pass [...]
Are Gold and Silver Coins Considered to be Countable Assets for Medicaid?
Question: My mother is applying for Medicaid for my step-dad. We found several gold and silver coins that he had apparently been collecting and stashing in his closet. Are these considered [...]
If the Rent on My Mother’s House Goes to My Niece, Will that Cause a Medicaid Problem?
Question: I am my mother’s Power of Attorney. She is 99 years old and in assisted living. She has enough money to cover her costs there for approximately two more years. She has her home in [...]
