Question: My wife has been living in her mother’s home for the past 4 years as her mother’s caregiver to enable her to live at home rather than a nursing facility. She has all the [...]
Question: I need to sell my mother’s life insurance policy to bring down her assets to qualify for Medicaid but it doesn’t have enough value to prepay for her funeral. The insurance [...]
Question: If property has a line of credit from a reverse mortgage available before being placed in an irrevocable trust, can Medicaid consider the line of credit as a countable asset while in [...]
Question: Though I have read some of your related articles I still am not quite clear: in the case of an institutionalized spouse with a healthy community spouse who lives in their home, will a [...]
Question: The attorney I retained has already cost me $2,500 ($1,000 retainer fee + additional charges) for emails, mostly, and a 1/2 hour conference call). I am 76, live alone, have 2 sons, own [...]
Question: Mom creates and funds a special needs trust for disabled child who’s under the age of 65. Mom plans to leave a 1/3 interest in the house to the trust. If child is over the age of [...]
Question: Is there a way to create a grantor “irrevocable trust” that allows the beneficiaries to receive a step-up in basis of a home at death? If so, can this be considered a gift [...]
Question: Spouse is in nursing home on Medicaid. Well spouse is allowed to keep their home. Is the well spouse allowed to sell the home and rent in cheaper neighborhood or purchase a condo or [...]
Question: I am 72 years old and in fair to poor health. My wife is 70 and in good health. We also have two children, 42 and 40. We own our home mortgage-free and have several thousand dollars in [...]
Question: My mom died and her house became mine through a transfer on death deed which she had executed to avoid probate. Well after she passed I received a letter stating there was a Medicaid [...]
