In many instances, this is an effective transaction for both the client and children, but in others, it may not be the best idea. Before making any such transfer, it’s important to understand and consider a multitude of issues involved in that decision. To determine if it’s prudent to make such a transfer, I […]
It is important to delicately inquire of your parents as to the status of their health and financial affairs. Problems can best be resolved by having all the facts and current information. We all love our privacy, but there comes a time when it is appropriate to pry. The tenor of the question and approach […]
The change to caring for the elderly at skilled nursing facilities came at great expense to the individuals in need of the care, as well as the state and federal governments that pay for those costs when the needy no longer could. The average cost of care in a nursing home in Connecticut today is […]
Attorney Allison Poirier wraps up National Elder Law Month with a video on Medicaid Rules for Eligibility. Topics covered include:
- How much money are you able to keep
- How to spend down your assets to become eligible
- Tools for preserving your assets
- The 5 year lookback, and is there a penalty for making gifts during this period
Most Common Scams Targeting Older Americans Holiday Scams: Sweepstakes/Lottery/Prizes – Someone will call or email notifying you that you’ve won a prize and need to pay a processing or shipping fee in order to receive it. A common version is that you’ve won a sweepstakes or foreign lottery and need to pay taxes on your winnings. Government – An impersonator […]
Many people wait too long before considering long-term care planning. Others wait too long before beginning to explore government assistance options and their related applications. Learn what you need to consider at every age and why in Attorney Bill Dakin’s recent webinar.
