Elder Law Answers
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 moreAn 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 moreThe 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 moreProbate 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 moreIf 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?...
Read moreSuppose a person has an immediate annuity with 10-year term certain. If after five years, the annuitant dies and has been in a nursing home covered by Medicaid, will the second beneficiary be able to receive the next five years of annuity...
Read moreI am age 87, retired-disabled; my wife is 78 and working part-time but looks forward to retiring soon. We own a home with a substantial mortgage, have a modest IRA, and about $70,000 in savings. We are being hit by...
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.
