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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Long-Term Care Planning

Home / Long-Term Care Planning /
 How Do We Apply for the Caretaker Child Exception for Our Mother’s House?
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By Harry Margolis
In Long-Term Care Planning
Posted September 8, 2023

How Do We Apply for the Caretaker Child Exception for Our Mother’s House?

Question: My mother owns her home and her two sons, one who is disabled have lived with her for over eight years. In the last three years she has developed dementia. My brothers took care of her [...]

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 Can Sister Transfer “Nest Egg” to Protect it from Medicaid Spend Down?
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By Harry Margolis
In Long-Term Care Planning
Posted June 7, 2023

Can Sister Transfer “Nest Egg” to Protect it from Medicaid Spend Down?

Question: Suppose a sibling living in New York State is in need of long-term care. She wants and become Medicaid eligible, so she is planning to transfer her cash assets to her younger sister, [...]

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 How Can I Best Implement a Nursing Home Spend Down?
3
By Harry Margolis
In Long-Term Care Planning
Posted June 5, 2023

How Can I Best Implement a Nursing Home Spend Down?

Question: Can a nursing home bill a resident who is a prospective long-term care Medicaid applicant a sufficient amount (around $5,000) to reduce total cash resources to less than $2,000? The [...]

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 Does Misreporting of Trust Income Delay Start of Medicaid Lookback Period?
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By Harry Margolis
In Long-Term Care Planning
Posted April 3, 2023

Does Misreporting of Trust Income Delay Start of Medicaid Lookback Period?

Question: We set up a revocable trust for my mother in September 2000 for my mother with her and myself as co trustees. There are two assets in this trust: a stock portfolio generating taxable [...]

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 Can My Son Buy My Mother’s House Despite Reverse Mortgage and Medicaid Lien?
1
By Harry Margolis
In Long-Term Care Planning
Posted March 17, 2023

Can My Son Buy My Mother’s House Despite Reverse Mortgage and Medicaid Lien?

Question: My mother had a reverse mortgage and she went into a nursing home and received Medicaid for no more than 7 months before she passed away. Now, I have received a letter from the state of [...]

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 Does LTCI Partnership Protect IRAs and 401(k) Plan Funds?
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By Harry Margolis
In Long-Term Care Planning
Posted February 10, 2023

Does LTCI Partnership Protect IRAs and 401(k) Plan Funds?

Question: Are 401(k)s or IRAs protected under the LTCI Partnership program? Response: Probably, yes. The long-term care insurance (LTCI) partnership program was authorized by Congress to permit [...]

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 May Nursing Home Resident Give House to Spouse Without Medicaid Transfer Penalty?
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By Harry Margolis
In Long-Term Care Planning
Posted February 3, 2023

May Nursing Home Resident Give House to Spouse Without Medicaid Transfer Penalty?

Question: Can you tell me if the exception for Medicaid applies between spouses to transfer the home, when one spouse does not live in the home but is not legally separated and is the healthy [...]

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 How Should Property be Distributed When Dad Moves to Assisted Living?
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By Harry Margolis
In Long-Term Care Planning, Probate
Posted January 9, 2023

How Should Property be Distributed When Dad Moves to Assisted Living?

Question: I just read a story about Mary Jane’s estate which was divided among four siblings.  Our family also has four siblings. The difference is that our father is still living but has to move [...]

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 Should We Hire a Law Firm for Nursing Home Medicaid Application?
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By Harry Margolis
In Long-Term Care Planning
Posted January 3, 2023

Should We Hire a Law Firm for Nursing Home Medicaid Application?

Question: Should I hire a law firm or non-legal service to assist with the Medicaid application for my mom who will be moving to a nursing home? Response: Hire a law firm, and perhaps a non-legal [...]

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 How Should We Structure Home Ownership When We Move In with My Mother?
3
By Harry Margolis
In Long-Term Care Planning
Posted December 23, 2022

How Should We Structure Home Ownership When We Move In with My Mother?

Question: My mother has recently inherited a house in California from her mother, along with a small IRA. She has offered to let us live in the house, with the intention of building an in-law [...]

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This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book

Read Sample Chapters

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