The connection between estate planning and how people behave. The law is intended to regulate how people behave to maintain public order and well-being and prevent people from taking the law into their own hands. But people disrespect other people and their rights and property all the time. Some children steal from, neglect and physically … Read moreHow Relationship Problems Affect Estate Planning
Death of Recipient of Medicaid Benefits. What happens when someone is in a nursing home receiving Medicaid long-term care benefits and his or her community spouse dies? Do the children or persons named in the Will inherit the house, savings and other assets? Will Dad’s Medicaid be affected? Case Example. The typical situation is where … Read moreHow Do Inheritance Rights Affect Medicaid Eligibility?
Hospice vs Palliative Care Hospice care essentially means “comfort care” and is intended for patients with a terminal prognosis, typically diagnosed with a life expectancy of six months or less, regardless of age. The goal is to make such a patient, whose condition cannot be cured or improved, as comfortable as possible in a warm, supportive … Read moreWhat is Hospice & Palliative Care and Who is Eligible?
This blog is for anyone who wants to understand how to avoid late enrollment penalties for Medicare Part A, Medicaid Part B and Medicare Penalties. Eligibility. People generally become eligible for Medicare at age 65, when they can receive benefits under Part A (hospital coverage), Part B (medical coverage) and Part D (prescription drug coverage). Reason for late enrollment … Read moreBeware Medicare’s Penalties for Late Enrollment
The rule was that one needed at least a three day hospital stay to qualify for Medicare coverage. Medicare benefits continue to be eroded by hospitals now using “observation status” to prevent patients from meeting the “three day hospital stay” requirement to qualify for Medicare coverage. Technically, patients are not “admitted” for care but rather to be … Read moreMedicare: Understanding “Observation Status” Effect on Medicare Coverage
Considering a deed change? Consider a life estate deed. Thinking about adding or removing a spouse or child’s name to your deed? Adding a name is often not as simple a matter as you may think. Did you know that the kind of deed you sign can determine whether the real property is protected or not … Read more10 Reasons For A Deed Change
By Rob Goldman, J.D. and Amy Ding, M.D. Many parents frequently make sacrifices for their children. The focus of this article is not the typical sacrifices parents make for their children but rather on the situations where adult children look to their parents, in particular older parents, for financial assistance or try to dump their … Read moreParent Abuse & Sacrifices Parents Make for their Children
The purpose of the spousal elective share law is to provide some protection to a spouse against being disinherited by granting the surviving spouse a right to elect to receive a percentage of the decedent’s estate instead of what, if anything, is provided in the Will. See Estate & Trusts Article 3-208. The statute also … Read moreWhat is the Spousal Elective Share?
The key purpose of a pre-nuptial agreement is financial protection of assets owned by each spouse prior to the marriage, including income protection and liability for alimony, and can include assets acquired during the marriage. Should your new spouse become entitled to half of everything you own immediately upon your becoming married simply by virtue … Read moreDO I REALLY NEED A PRE-NUPTIAL AGREEMENT?
Basic real estate succession planning typically is planning to ensure that your children (or whomever you want), will inherit your home when you die. For most folk, real estate means their personal residence and is their most valuable asset. For the purpose of this article, real estate includes virtually all kinds of real estate. Concerned … Read moreReal Estate Planning: Before & During Probate