Do I Need to Cash In My Annuities if I Go Into a Nursing Home?

I have two annuities. If my wife or I need to go into a nursing home, would we have to cash in the annuities to apply toward nursing home expenses? I have been told that, because the annuities are considered insurance policies, we would not need to cash them in for nursing home expenses. Please clarify for us. Thank yo...

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How Do You Determine the Cost Basis of an Inherited Property If There Was No Appraisal?

If a property appraisal was never obtained when a parent died (2016), how can we determine the cost basis in order to calculate the capital gains taxes? Four siblings inherited the home and plan to sell it.

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Can We Have a Medicaid Lien Removed From My Father's House if He Returned Home Before He Died?

A Medicaid lien was never removed from my father’s house after he returned home from a rehab/nursing home facility in N.Y. Now since his passing, in trying to sell the house the lien shows up. Anything we can do?

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How Can My Parents Protect Their Savings When They Apply for Medicaid?

When they were working, my parents saved $50,000 for any major health expense they might have. Currently they live with me and only receive Social Security, which is not enough for them to live on their own. I would like to apply for Medicaid on their behalf so they can get some extra help. How can I protect their savi...

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Is There Any Downside to Bringing a Medicaid Recipient Home From a Nursing Home?

My mother has been receiving Medicaid in a nursing home for four years. Now we want to bring her home (to her daughter's) for the remainder of her days. What is the disadvantage in doing so?

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Will My Mother's Elder Law Attorney Take My Needs and Priorities Into Account?

My mother is 81 and was diagnosed with mild dementia. She has named my brother and me as co-agents under a durable power of attorney. I will be the one to move in with my mom as her dementia gets worse and will make all the arrangements for any type of care. I think it’s reasonable for me to be compensated for th...

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Do I Have to Account to My Mother's Nursing Home for How I Spend Her $60 Allotment From Her Social Security Check?

After my mother has been living in a nursing home for a year, the nursing home just asked me to provide receipts for how I spend my mother's $60 a month allotment from her Social Security check. They say it has always been a government requirement. I am her guardian and have never heard of this in the state of Texa...

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Can a Mother Transfer Her IRA to Her Disabled Son Before She Applies for Medicaid?

My mother-in-law has an IRA. She is applying for Medicaid and moving to an assisted living facility. My husband is permanently disabled, and I have read that it is okay to transfer assets to a disabled child. Can she liquidate the IRA and then give it to my husband? Does my mother-in-law have to report the IRA as incom...

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How Long Does It Take for An Estate to Be Settled?

My estranged father passed away in November 2016. I am still waiting for the estate to be settled. How long does this generally take?

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Can a Medicaid Recipient Keep Secondary Insurance?

Where do I go to find something about retaining secondary health insurance while a senior citizen is in a nursing home? Medicaid wants the money that we pay monthly for my 86-year-old mother-in-law's secondary insurance. The elder law attorney told us that we could keep that insurance policy in effect. I need somet...

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