Elder Law Answers
I am 66 years old and I live in Florida. I am considering loaning my niece, who is also one of my beneficiaries, $30,000. I would prefer to gift her this amount (using the $28,000 husband/wife gift tax exclusion), but...
Read moreAll of my father's assets are in a trust. If he transfers the assets from the trust to a limited liability company (LLC) and waits five years to apply for Medicaid, will Medicaid count the funds in the LLC as...
Read moreI purchased a home with my father. We both live in the home and are both on the mortgage. Is my father allowed to pay off the mortgage as a way to spend down his assets to the point that...
Read moreWhat does the executor do with all the financial records of the deceased person after all his work is done? How long does he keep the records? Are the beneficiaries entitled to the financial records of the estate or is...
Read moreMy significant other and I, who are both in our 60s, are buying a home together and will be listed on the deed as tenants in common. I am making a substantial down payment, and we will share the monthly...
Read moreMy mother is in a nursing home. Does the woman who is acting as an agent under my mother's medical power of attorney have any responsibility to my brother and me? She doesn't like us, and I am afraid she...
Read moreMy mother died in a nursing home in 2015 while receiving Medicaid. Because she had gifted money in 2011, she had to wait out a penalty period before becoming eligible for Medicaid. She owned nothing at her death. I have...
Read moreI have dual power of attorney for my father. At this time there is no beneficiary on one of his life insurance policies and I want to add my son's name as beneficiary. This is what my father would have...
Read moreIf a married couple is on Medicaid and one passes away, causing the survivor's assets to exceed the $2,000 limit (because the survivor begins receiving an increased Social Security benefit), will the survivor lose Medicaid eligibility?...
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.
