Dear Attorney Tully: I read your column regularly. Thank you for taking the time to keep so many seniors in our area up to date on senior legal issues. I want you to tell me what I need to do to stay in my house for the rest of my life. I do not want to go into a nursing home. ANSWER: The first thing you must do is make sure that your …
Archives for September 2024
It’s Never Too Late to Devise a Medicaid Plan
I have become increasingly concerned about incorrect “advice” that some seniors are being told by professionals about “spending down” for Medicaid (Title 19) and how soon one can become eligible. More and more I’m seeing clients who may have talked with a tax professional or another non-elder law attorney who has advised my clients that they have …
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You May Not Have to Spend Down
Dear Attorney Tully: I am terrified. My husband and I are probably younger seniors than you see in your practice, but my husband is very sick and in a nursing home for long-term care. I’ve been told I have to spend down almost all of our savings, including my IRA, in order for him to qualify for Medicaid. Is this true? ANSWER: Not necessarily. …
How to Make Sure You Can Access a Loved One’s Assets
Dear Attorney Tully, Our family is in a bad situation. My husband is permanently in the nursing home. He is incapable of making decisions and cannot communicate. We are being told by the state that we need to spend down to get him eligible for Medicaid title 19. We have a checking account and a savings account. The majority of our money is in …
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