Elder Law Answers
If I give my daughter power of attorney over my finances and property, can I maintain a separate account not controlled by my agent to purchase food and clothing items for myself?...
Read moreIf I were approved for Medicaid coverage of my nursing home care, I know they would keep my Social Security and my small pension, but what would happen to the $6,500 balance on my credit card? I have no other...
Read moreMy husband and I are considering setting up a trust for our estate. However, we will probably be moving to another state for his job in the next five years. Are trusts transferable to another state or would we have...
Read moreMy mother is the primary beneficiary of a trust left by my grandfather. She is not a trustee, and my sister and I are secondary beneficiaries. Are the assets in this trust counted as assets by Medicaid? ...
Read moreGifting assets to your grandchildren can do more than help your descendants get a good start in life; it can also reduce the size of your estate and the tax that will be due upon your death.
Read moreI recently put my daughter on my bank accounts. I did this in the event that I took ill and could not pay my bills. I felt it was the easist way for her to handle things if this event...
Read moreA power of attorney is one of the most important estate planning documents you can have. There are many do-it-yourself power of attorney forms available — most states have the form online. However, it is a good idea to have...
Read moreProbate is the process of administering and settling an estate after a person dies.
Read moreMy father-in-law gifted the family home to his daughter retaining lifetime living rights. He has not lived in the house for more than five years, nor does he contribute to the upkeep or maintenance of the house or property. At...
Read moreAsk us a question and we'll respond if possible. We receive a large number of questions and are unable to answer every one. But if you don't hear back, many questions, particularly those involving Medicaid law, are best answered by a local elder law attorney. To find a qualified elder law attorney near you, click here.
