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Can I Buy Long-Term Care Insurance for My Mother?
My mother just turned 60, and in trying to be prepared for her future I discovered long-term care insurance. Can I buy this insurance for my mother since she cannot pay for it herself? Should I buy this product in...
Read moreWill Guarding Alzheimer Patient's Savings Impact Medicaid?
In the case of an elder diagnosed with Alzheimer's, is it acceptable to transfer their savings into a separate account with the names of their children to safeguard the funds? The concern is the possibility of the elder with Alzheimer's...
Read moreWhat Needs to Be Addressed When Moving Grandmother to Another State?
I have a question regarding moving my husband's 87-yr-old grandmother to Maryland from Florida since the passing of my father-in-law. We have already purchased a 55+ community condo for her, and will be moving her up in 3 weeks. She...
Read moreCan a Gift Be Returned in Order to Qualify for Medicaid?
My mother gave $30,000 away in 2008. She is now in a nursing home and will apply for Medicaid in about 12 months. Can we "give back" the money? If so, how is it done so as not to appear...
Read moreWill a $9,000 Gift Delay Dad's Qualifying for Medicaid?
An elder law attorney told me that a $9,000 gift from my father made in 2008 would have to be paid back. His assets will run out soon and so I want to apply for Medicaid on his behalf. Would...
Read moreWhat Does Probate Cost?
The cost of probate varies depending on the size of the estate. In general, the more property and assets the deceased had, the more expensive the probate process will be. Probate costs can be anywhere from 5 percent to 10...
Read more6 Steps in the Probate Process
Probate is the process of administering and settling an estate after a person dies. The exact probate process differs from state to state, but in general, it includes six main steps.
Read moreCan I Transfer Assets Using a Joint Tenancy Deed?
If my daughter pays me for 1% of the value of my property and I make a deed as joint tenant with her -- me as 99% owner and her as 1% owner -- would Medicaid consider that a transfer?...
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