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What Is a Life Estate?
ElderLawAnswers.com
House The phrase "life estate" often comes up in discussions of estate and Medicaid planning, but what exactly does it mean? A life estate is a form of joint ownership that allows one person to remain in a house until his or her death, when it passes ...

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Will Moms Utility And Tax Payments On A House She Transferred Count As Gifts
ElderLawAnswers.com
My mother turned her home and the farm over to me and my two brothers more than seven years ago, but she continued to pay the utilities and taxes on the property. She is now in a nursing home and will be applying for Medicaid within the year. Will the ...

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Life Insurance Can Still Play a Key Role As Part of an Estate Plan
ElderLawAnswers.com
Life insurance can be beneficial in replacing lost income for young families, but as people get older, it can also serve a purpose as part of an estate plan. Historically, one main reason to buy life insurance as part of an estate plan was to have cash ...

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Do Va Aid And Attendance Benefits Count As Income For Medicaid Eligibility Purposes
ElderLawAnswers.com
Are U.S. Department of Veterans Affairs (VA) Aid and Attendance pension benefits excludable as countable income for Medicaid eligibility purposes? How about Social Security? A: Usually, the Aid and Attendance benefit is not countable income for the ...

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5 Things to Know to Reduce Your Tax on Capital Gains
ElderLawAnswers.com
Rising value Although it is often said that nothing is certain except death and taxes, the one tax you may be able to avoid or minimize most through planning is the tax on capital gains. Here's what you need to know to do such planning: What is capital ...

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What Should I Expect When I Hire An Elder Law Attorney
ElderLawAnswers.com
I am considering engaging an elder law attorney to help with the Medicaid eligibility review, processing, and protection planning for my mother who needs to go to a nursing home. I want to make sure I choose the right attorney for this task since the ...

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Execute a Power of Attorney Before It's Too Late
ElderLawAnswers.com
power of attorney A durable power of attorney is an extremely important estate planning tool, even more important than a will in many cases. This crucial document allows a person you appoint -- your "attorney-in-fact" or "agent" -- to act in place of ...

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Can Property In An Irrevocable Trust Be Sold Or Gifted Without Restarting The Medicaid Look Back Period
ElderLawAnswers.com
Can Property in an Irrevocable Trust Be Sold or Gifted Without Restarting the Medicaid Look-Back Period? Q: My parents have an irrevocable trust that contains land, money, and real property. It was set up as part of Medicaid planning. If the trustees ...

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Does Going Into A Hospital From Rehab Restart Medicares 100 Day Payment Period
ElderLawAnswers.com
My father is 85 years old and was hospitalized at the end of April. Upon being discharged, he went straight to rehab. His 100th day was August 17th. However, he has been back in the hospital twice during the time he's been at the rehab facility. A ...

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Does An Executor Have A Deadline To Probate A Will
ElderLawAnswers.com
My sister was named executor of our parents will. It has been three years since our parents passed away, and my sister has not moved to probate the will. Does a will have to be probated within a certain length of time or can she drag it out forever? A:.

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