Questions & Answers
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...
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- Long-Term Care Insurance
What Are the Medicaid Implications of Sheltering an Alzheimer's Victim's Savings in a Separate Account?
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...
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- Medicaid Rules
What 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...
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- Estate Planning
How Soon Can I Get Medicaid?
Can 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...
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- Medicaid Rules
Will 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...
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- Medicaid Rules