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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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Archives

Tag Archives for: "spousal impoverishment"
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 Must I Pay My Income to the Nursing Home if My Husband is on Medicaid?
0
By Harry Margolis
In Long-Term Care Planning
Posted October 15, 2021

Must I Pay My Income to the Nursing Home if My Husband is on Medicaid?

Question: I have a pension of $3,000 a month from STRS- California. It is our main income. My husband will probably need long-term care in a year or so. We have no LTC insurance. If he applies [...]

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 Can Wife of Medicaid-Covered Nursing Home Resident Sell Rental Property and Give Proceeds to Children?
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By Harry Margolis
In Long-Term Care Planning
Posted December 14, 2018

Can Wife of Medicaid-Covered Nursing Home Resident Sell Rental Property and Give Proceeds to Children?

Question: My husband has been in a nursing home for two years already. I need to sell 5 rental homes that I cannot manage and don’t want any more. Can I sell them if they are on my name? [...]

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 Can Medicaid Applicant Transfer Life Insurance Policy to Spouse?
0
By Harry Margolis
In Long-Term Care Planning
Posted January 26, 2018

Can Medicaid Applicant Transfer Life Insurance Policy to Spouse?

Question: Can someone applying for Medicaid transfer a $50,000 fave value universal life policy with a cash value of $1,906 to a spouse under the spousal impoverishment rules? Response: Yes. [...]

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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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