If you have not structured the gifts to create either no period of ineligibility or very minimal period of ineligibility, then you create a penalty for Medicaid you do your VA pension gifts.
The VA does not consider the Long-Term Care insurance payments as income.
The surviving spouse of a veteran who served at least 90 days of consecutive active duty service, at least one day of which was during wartime, may qualify for a non-service connected pension from the Veterans Administration.
The premise behind the payable on death account is that when the account holder dies the account will legally belong to the beneficiary.
Everyone should have a will, but not everyone needs a trust.
The current facility is moving him out this week because he isn’t making any improvements and his medical insurance will be cut off.
My husband and I are in our mid-60s, are in good health, own our home and have some retirement savings.
What are the financial options that are available to us for paying for long-term care for our elderly parents?
Question: “My father is 95 years old and has Dementia/Alzheimer’s. He cannot read or write, but recently granted Power of Attorney for his finances to my older brother. This was done in secrecy and did […]
My sibling has taken over my mother’s house and her bank funds and has placed my mother in a nursing home where she is kept overmedicated.
When you move from one state to another, you will probably have to reapply for benefits.
When parents are selling larger house to move into smaller house.