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Elderly Couple May Be on the Hook for Adult Son's Medical Bills
ElderLawAnswers.com
Bills An elderly Pennsylvania husband and wife are being asked to pay their deceased adult son's medical bills under a law making family members responsible for a loved one's unpaid bills. The case is a reminder that such “filial responsibility” laws ...

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Roll Over Beethoven, But Not Too Many IRAs
ElderLawAnswers.com
IRA The rule about how many IRA-to-IRA “rollovers” a taxpayer can make in a single year has changed and taxpayers should be aware of it to avoid unnecessary taxes and penalties. A rollover for our purposes here means moving funds from one IRA to ...

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Answers acquisition said to be worth $900 million
St. Louis Business Journal (blog)
Answers is best known for its question and answer website Answers.com, but also owns other cloud-based companies that help businesses engage with consumers. Karandish said he began talking to Apax about a potential acquisition after Answers' ...

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Will Husband Have To Vacate House His Wife Owns When She Enters A ...
ElderLawAnswers.com
Will Husband Have to Vacate House His Wife Owns When She Enters a Nursing Home? Q: My father has been married to his second wife for over 20 years. She has dementia and is going into a nursing home. The home they have been living in is in her ...

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Can The State Take My Social Security To Repay Medicaids Coverage Of My ...
ElderLawAnswers.com
Can the State Take My Social Security to Repay Medicaid's Coverage of My Husband's Care? Q: My husband, who was in a nursing home, died a few weeks ago. All his medical bills were paid for by Medicaid. Yesterday I recieved a letter from the state about ...

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What Will My Capital Gains Tax Be When I Sell My Home
ElderLawAnswers.com
I am planning on selling my house and buying a smaller and cheaper one. I am married and have been in my home for 40 years. Its sale price will be close to $2.5 million. I paid $358,000 and I have made approximately $250,000 in improvements. My new ...

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How Will Taking Out A Reverse Mortgage Affect Home Care Benefits
ElderLawAnswers.com
My mother is currently receiving home care services under New York's Medicaid program. If she takes out a reverse mortgage on her home and gives me some of the money to help me with the downpayment to buy myself a home, will she be disqualified from ...

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What Happens To Dads Debts When He Moves To A Nursing Home And Has No ...
ElderLawAnswers.com
What Happens to Dad's Debts When He Moves to a Nursing Home and Has No Money? Q: My father will go on Medicaid long-term care assistance soon. He will receive only $95 a month in income; the state will take everything else for the nursing home.

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Feds Move to Protect Some Surviving Spouses of Reverse Mortgage Holders
ElderLawAnswers.com
house A new federal rule has taken effect aimed at protecting certain spouses of reverse mortgage holders from being forced out of their homes when the mortgage holder dies. A reverse mortgage allows homeowners to use the equity in their home to take ...

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Medicare's Nursing Home Rating System Is Misleading, NY Times Finds
ElderLawAnswers.com
Star rating From hotels to movies, a five-star rating denotes top quality. But this is not necessarily the case with nursing homes, according to a recent New York Times investigation. The revelation serves as a reminder that when looking for a nursing ...

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