By: Laura L. Ergood, Esquire As the US population ages, more people will find they or a loved one need to reside in an Assisted Living (AL) or Skilled Nursing Home (SNH). The monthly costs can be expensive for these living arrangements causing many to wrongly believe they can gift/transfer their assets and apply to […]
Medicaid has strict asset rules that compel many applicants to “spend down” their assets before they can qualify for coverage. It is important to know what you can spend your money on without endangering Medicaid eligibility.
Caring for an elderly parent can be stressful for families. Siblings may disagree over how to provide care or where a parent will live, and these squabbles can end up costing the family thousands of dollars.
If you own property in more than one state, you need to do some planning if you want to keep your heirs from having to go through probate in each of the states.